Consumer ABS

Chargeoffs and delinquencies on U.S. credit card-backed securities resumed their downward trajectory in February following a temporary increase in January, according to Fitch Ratings.

Moody’s Investors Service has changed how it incorporates sovereign risk into structured finance transactions.

The deal consists of five, fixed-rate tranches. The most senior piece, for $142 million, is a few notches from triple-A.

Wyndham Worldwide is planning a $300 million timeshare loan securitization, its first of the year, according to a presale report from Fitch Ratings.

Ford Motor Credit is planning a $1.117 billion auto lease securitization, according to a presale report published today by Moody’s Investors Service.

Cabela's priced $385 million of private label credit card ABS; the A-rated senior tranche pays a fixed 2.71%.

Cars and trucks are likely to depreciate to a greater degree this year, though not enough to present any major obstacles to U.S. auto loan and lease securitizations, according to a new report developed by Black Book and Fitch Ratings.

Enterprise Fleet Management is planning a $700 million fleet lease securitization, according to ratings agency presale reports, its first of the year.

Santander Consumer USA plans to issue a $1.3 billion subprime auto loan ABS.