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Moody’s steps in to provide a higher rating on the Class B portion of the COVID-hardened deal.
November 22 -
The deal’s sponsor has issued a small rated portion to investors and sold the remainder back to loan-originator.
November 19 -
The sponsors got the portfolio through multiple acquisitions from May through October.
November 19 -
The loan pool’s volatility score is high but its diversity of properties is a plus.
November 17 -
The sponsor’s Fortune 500 parent provides comfort in the face of the subprime-auto industry’s woes.
November 16 -
The sponsor’s strong track record mitigates risks, including “dirty current” loans and low FICO scores.
November 16 -
Robust salaries are a plus, but concentrating loans in a few well-paying fields presents different risks.
November 15 -
The auto-lease and nonprime-auto sectors are fueling what likely will be record volume.
November 15 -
Credit conditions are currently considered strongly favorable, but intractable issues from COVID-19, and the likelihood for high interest rates have money managers worried about the direction of corporate defaults.
October 25 -
Auto loan delinquencies and defaults had performed well thanks to federal intervention. Analysts expect them to return to historic levels, and then stabilize.
October 4
