Glen Fest

The notes, raised to BBB from BBB-, had been placed on watch for a possible upgrade in mid-November after the fitness chain issued $550 million in a new 2019 notes offering through the Planet Fitness Master Issuer trust.

The latest deal, WFCM 2019-C54, involves 44 loans secured by 88 properties, with a heavy exposure to office (32%), multifamily (21.1%) and retail (17.9%) properties.

According to Moody's, Ally's latest auto-loan ABS will not require the issuer to repurchase loans with modified terms or maturities.

According to Moody's, Ally's latest auto-loan ABS will not require the issuer to repurchase loans with modified terms or maturities.

The ratings agency's monthly auto loan ABS index tracker shows losses and 60-plus-day delinquencies decreased both month-over-month and year-over-year.

Developer Stephen Ross' firm is among a trio of sponsors securitizing part of a $1.245 billion loan for another office tower development in New York's Hudson Yards submarket.

Provident 2019-1 is a $337.6 million deal that includes 947 fixed-rate mortgage loans that meet qualified-mortgage safe harbor loan standards as well as GSE eligibility despite prime-jumbo status.

JPMorgan Mortgage Trust 2019-10 is a securitization of 388 prime-quality, large-loan mortgages that are mostly considered non-conforming, but meet qualified-mortgage (ability-to-repay) standards of the Consumer Financial Protection Bureau.

The two deals continue a late-year surge of private-label RMBS deal volume totaling $8.37 billion priced since Oct. 1.

AMSR 2019-SFR1 Trust is a $442.94 million transaction backed by a single-loan secured by 2,525 SFR properties in 13 states, according to presale reports from Moody’s and DBRS Morningstar.

Nationstar’s next securitization of defaulted or inactive home equity conversion mortgages will have a higher-than-average exposure to properties with steep leverage, as well as ties to judicial foreclosure states.

Blackstone Real Estate Partners is securitizing a new $343 million commercial mortgage that financed the parent firm’s recent acquisition of a portfolio of Southern California apartments.

Octane Receivables Trust 2019-1 is a $210.9 million transaction involving fixed-rate loans to prime and non-prime borrowers financing the purchase of all-terrain and utility-task vehicles, as well as dirt bikes, motorcycles, mowers, tractors, snowmobiles and personal watercraft.

In a report issued Wednesday, S&P published its base forecast 12-month trailing default rate at 3.9% by September 2020, from the 2.8% rate in September 2019.

New proposed securitizations from American Honda and Ford Motor Credit, plus a U.S.-dollar denominated ABS transaction sponsored by Scotiabank, will push total securitization volume of prime auto ABS to nearly $52 billion - the highest yearly volume in the sector in seven years.

Banks and lenders have made inroads in analytics and automation with machine-learning technology. Will asset management follow suit?

According to a presale report from Kroll, the additional notes will carry the same ratings and terms on the five counterpart classes of $700 million in outstanding notes.

The sponsors of the Class A structure, deemed a “trophy asset” by Kroll Bond Rating Agency, are placing $825 million of a $1.2 billion whole loan into a transaction dubbed CPTS 2019-CPT.

Over 75% of loans reported mark-to-market declines in prices in the secondary market – or 4.7 loans for every loan price that advanced, according to the LSTA.

According to presale reports, Mercedes-Benz Auto Lease Trust (MBALT) 2019-B will have only two months over the life of the deal in which there is more than a 5% concentration of expected lease maturities.