Glen Fest

Toyota Motor Credit Co.'s fourth prime auto loan securitization of the year boosts its volume beyond $6 billion.

The Austin, Tex.-based lender has privately structured and placed an undisclosed number of commercial energy-efficiency and retrofit upgrades from 10 states into a privately placed ABS.

Even with advanced seasoning and lighter risk load, the bank's first auto-loan securitization of the year has much higher CE than a weaker 2017 pool.

The London-based manager is including two classes of fixed-rate notes, including a rare triple-A rated nonvariable-rate tranche, in its €412 million Contego VI DAC portfolio.

Turbo Finance 8 is a £375.5M static transaction that includes both hire purchase loan contracts and personal contract purchase, lease-like arrangements.

A "second look" finance partner for retailers like Home Depot and Sears Home Pro is offering $167.3M in bonds secured by receivables on high-interest cards and installment accounts.

It seems a lot of CLO managers who were worried about competing amid heavy supply in the fourth quarter have put issuance on hold until 1Q 2019.

Both S&P and Moody's have cut expected losses on $732 million deal, yet credit enhancement on the senior tranches is unchanged from the prior deal.

The credit quality of loans backing the Cailfornia-based lender's $183 million securitization is better than that of its inaugural deal, which was only rated 'A' by Kroll.

Managers surveyed by IACPM generall agree a downturn in the current global credit cycle is coming, but aren't yet "willing to put on the brakes."

Enterprise Fleet Management's third securitization of the year feature leases with just two months of seasoning, on average.

S&P also upgraded five more senior tranches of the deals citing paydowns, which in one CLO was accelerated by the diversion of interest from sub notes.

Fitch Ratings and Moody's Investors Service each rate a single collateralized loan obligations with exposure to debt of the former retail giant.

The reinvestment period of $457.8 million Palmer Square CLO 2013-2 is being extended for another four years; there are also changes to the capital stack.

Higher-cost loans, less seasoning and rising APRs have pushed average loan balances beyond $28K.

The senior tranche of Oak Hill European Credit Partners VII has an assumed coupon that is inside of the market average for September.

The California-based CDFI has a growing portfolio of renewal loans from prior borrowers eligible for higher credit limits.

The fifth SDART deal of the year benefits from the same improvement in credit quality as other recent transactions from the platform.

LCM 28 can pay noteholders across the capital stack based on three-month Libor or "any applicable" alternative - including one-month Libor.

The transaction's note size is to be determined, but is backed by €750M in lease-backed receivables, compared to €1.5 billion in VW's most recent German lease ABS in May.