John S. Hintze

The amendments effectively broaden the rule’s impact to include fixed-income securities, prompting several major industry groups to address SEC Chairman Gary Gensler.

There are few safe investments today, and as inflation shows the biggest increase in 40 years, one opportunistic investor blasts CLOs’ risk versus returns.

A broader investor base, rising inflation and higher interest rates are likely to result in significant demand for CLO bonds, which have experienced few defaults.

The platform enables structuring of the entire transaction, including covenant tests and trigger levels, and the distribution of interest and principal cash flows, but professionals need more time to become comfortable with DLT.

ABS issuance performance is largely neutral, with exceptions for stepped up volume, including auto. Inflation and COVID-related risks could overhang the industry.

Delinquencies fell in nearly every commercial-loan category, at trend anticipated to continue.

Sponsor mitigates aviation industry’s Covid woes with structural features including novel element.

Auto-related issuers seek funding as end to Libor and 2021 approach.

The deal carries relatively low leverage and high subordination.

Stronger collateral and less credit enhancement reflect lessening pandemic risk.

Moody’s: Rapidly evolving electronic-vehicle technology poses collateral risk also for traditional rental-car ABS.

One downgrade stemmed from a default, with three others warning of pending defaults.

Adjustments to Fitch’s CLO rating criteria place numerous deals under observation, but so far only rating upgrades have resulted.

Still relying on Libor, Brightwood SPV Advisors is approaching the market with its first collateralized loan obligation transaction of 2021, which is structured similarly to its last CLO priced in December 2020 and illustrates what a difference a year can make in terms of pricing.

Collateralized loan obligations may have to wait until 2022, because the market is seeking price discovery -- but has little incentive to jump first.

One issuer says inclusion of enhanced reporting is the first step toward putting the entire RMBS platform on the blockchain.

Fitch's negative sovereign-issuer rating for the U.S. casts a negative rating outlook on ECMC Group Student Loan Trust (ECMC) 2021-1, due to DOE reinsurance.

The Loan Syndications and Trading Association alerts market participants to the challenges of term-SOFR transition before year-end.

World Omni Financial Corp. is returning to the auto-loan ABS market with a jumbo transaction backed by collateral of higher credit quality than other similar deals.

High CLO volume stems partly from transactions whose refis or resets anticipated last year were deferred when spreads widened considerably amid the pandemic.