Consumer ABS

The Higher Education Loan Authority of the State of Missouri plans to issue a $970.8 million Federal Family Education Loan Program (FFELP) –backed student loan securitization deal.

Dealer floorplan ABS continues to gain traction as issuance volumes are boosted by rising vehicle sales and the refinancing of maturing transactions.

Standard & Poor’s said that, so far, credit card ABS have surpassed the $8 billion pace set in 2012 but consumer aversion to credit card debt is likely to keep issuance volumes below its forecasted $40 billion total for 2013.

Fitch Ratings said that student loan securitizations backed by rehabilitated Federal Family Education Loan Program (FFELP) loans tend to be riskier than non-rehab FFLEP deals.

Discover Bank plans to issue $550 million of credit card ABS from its Discover Card Execution Note Trust.

Sallie Mae increased the size of its second private student loan-backed securitization but priced the deal at wider spreads on Friday.

The New Mexico Educational Assistance Foundation plans to issue a $224 million Federal Family Education Loan Program–backed student loan securitization deal.

Private student loans originated after 2008 are performing better than Federal Family Education Loan Program (FFELP) student loans, according to a Moody’s Investors Service report.

GE Commercial Distribution Finance Corp. issued its $500 million dealer floorplan asset-backed securitization on Wednesday.