Consumer ABS

The Vermont Student Assistance Corp. is planning to issue a $15.87 million private student loan securitization, according to Fitch Ratings.

SeaCube Containers plans to issue a $300 million container lease ABS deal called CLI Funding V LLC (Series 2013-2).

The Pennsylvania Higher Education Assistance Agency is prepping a $583 million securitization of Federal Family Education Loan Program loans, according to Standard & Poor’s.

PHH Corp. is in the market with a $450 million auto lease-backed securitization called Chesapeake Funding LLC, Series 2013-1 – its debut deal for 2013.

Moody's Investors Service thinks Sallie Mae's planned split is "credtit negative" for private student loan backed securities.

Standard & Poor’s assigned preliminary ratings to the new auto loan receivables originated by Santander Consumer (UK), called Motor 2013-1 PLC.

Sallie Mae’s proposal to split itself into two publicly traded separate entities -- an education loan management and a consumer banking company -- would be neutral to mildly positive for the company’s ABS.

Ford Motor Credit wants to further reduce its reliance on the asset-backed market, according to Sam Smith, director of long-term funding and securitization.