Consumer ABS

The pace of student loan asset-backed securitization is on track to meet expectation and Standard & Poor’s said that Federal Family Education Loan Program-backed deals dominate the new issue market.

Nissan Motor Acceptance Corporation priced its upsized $1.25 billion auto lease backed securitization deal called Nissan Auto Lease Trust 2013-A. The deal was originally sized at $800 million.

JP Morgan Chase plans to launch two credit card ABS transactions for a total of $1 billion.

Comenity Bank, formerly World Financial Network Bank priced its triple-A notes from private label credit card ABS Series 2013-B on Tuesday.

CarFinance Capital, the subprime auto lender owned by private equity firm Perella Weinberg Partners, is planning a $253 million securitization, according Kroll Bond Rating Agency.

Macquarie Bank upsized its senior note offering from its auto lease-backed ABS targeting U.S. investors to $750 million from $500 million.

Ratings rotation was advocated by some panelists at a talk a convened by the Securities and Exchange Commission on a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act, also known as the Franken Amendment.

A range of voices in the structured finance industry spoke against a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act at a panel convened by the Securities and Exchange Commission.

Nissan Motor Acceptance Corporation plans to issue an $800 million auto lease backed securitization deal called Nissan Auto Lease Trust 2013-A.