Consumer ABS

The growing U.S. housing recovery is ‘credit positive’ for timber revenue securitizations, according to Moody’s Investors Service.

Nations Equipment Finance completed a $153 million term securitization of equipment lease and loan backed notes.

In a research report published today, Moody’s Investors Service said that risk factors are still on the rise for U.S. subprime auto asset-backed securities.

The announcement comes after the firm just closed its €350 million collateralized loan obligation.

Analysts at Barclays forecast a total of €46 billion ($61 billion) in publicly-placed securitization issuance for 2013, according to their mid-year outlook.

Ally Financial is plans to issue $508.21 million of auto receivables-backed notes.

Nelnet is preparing a $453 million securitization of federally guaranteed student loans, its fourth of the year.

Sallie Mae has appointed Steven McGarry as senior vice president of corporate finance.

U.S., U.K. and Canada credit card performance will remain stable for the remainder of 2013, with Canada more sensitive to unemployment rate moves.