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The company asserted in the statement that S&P’s action was driven more by the distressed trading levels of Serta’s loans in the secondary market rather than the company’s “financially solvent” status.
By Glen FestDecember 30 -
The inaugural securitization for the Los Angeles-based lender will include $34.86 million in Class A notes, with an initial BBB rating from S&P Global Ratings.
By Glen FestDecember 23 -
Just in time for the New Year, Dick Clark Productions is returning with a $530M securitization of fees and revenues backed by its five core television broadcasts, including "Dick Clark’s New Year’s Rockin’ Eve."
By Glen FestDecember 23 -
DBRS Morningstar's presale report raises concerns that the securitized loan for Onni Group's Wilshire Courtyard faces considerable risks from the business volatility of its largest tenant.
By Glen FestDecember 20 -
Fitch has assigned an A rating to the investment backed by a pool of consumer device payment plan agreements with AT&T Mobility.
By Glen FestDecember 18 -
A dozen of the nation's largest underwriters were accused of colluding with traders to artificially set prices on the secondary market for Fannie Mae and Freddie Mac securities.
By Glen FestDecember 17 -
Kroll Bond Rating Agency removed the downgrade watch after determining there “is now less uncertainty around a permanent management structure and corporate governance” of the barge services firm that was subject of a year-long ownership tussle.
By Glen FestDecember 17 -
EJF will market $328.9 million in bonds backed by a pool of TruPS, senior notes and surplus notes that have been issued by both rated and unrated community bank institutions and insurance companies.
By Glen FestDecember 16 -
ReadyCap Lending Small Business Loan Trust 2019-2 is a transaction of $131.03 million in Class A notes, secured by the unguaranteed interests of a pool of 1,101 small-business loans totaling $155.25 million.
By Glen FestDecember 13 -
Fitch’s list of loans with growing risks of downgrades reached $110 billion in December, up 53% year-to-date.
By Glen FestDecember 13