Consumer ABS

Fitch Ratings’ new analytical tool will improve its surveillance of Federal Family Education Loan Program student loan ABS and may lead to upgrades on the floating rate subordinate bonds in these deals.

Sallie Mae is readying its second government guaranteed student loan securitization of the year, according to a presale report published by Moody’s Investors Service.

Ford Motor Credit Co. plans to issue an asset-backed securitization from its Ford credit floorplan master trust, according to a shelf registration filed with the U.S. Securities and Exchange Commission.

BMW Financial Services filed a registration statement with the U.S. Securities and Exchange Commission to issue an auto lease-backed securitization deal.

Prestige Financial Services is in the market with a $350 million securitization of subprime auto loans, its 14th since 1996, according to a pre-sale from Dominion Bond Rating Service (DBRS).

AmeriCredit is planning a $1.1 billion securitization of subprime auto loans, according to ratings ageccy presale reports.

By tweaking one aspect of its methodology for rating securitizations, Moody’s Investors Service has set the stage for more downgrades of deals issued out of peripheral Eurozone countries.

Ally Bank is planning a $1.25 billion prime auto loan securitization, according to a presale report by Fitch Ratings.

The Oklahoma Student Loan Authority plans to issue a $211.82 million securitization of Federal Family Education Program loans, according to an offering memorandum.