Consumer ABS

In marked contrast to recent years, speakers at the first major panel of the day sounded some fairly upbeat notes.

First Investors Financial Services issued its $187 million subprime auto lease deal in a private placement transaction, the company said today.

Kroll Bond Rating Agency is looking to broaden its ratings into credit card asset backed securities.

Capital One issued a $750 million credit card asset backed securitization deal.

Nelnet is prepping a $438 million student loan securitization, its first of the year.

Egan-Jones Ratings Company and its president Sean Egan will be barred for at least 18 months from rating asset-backed and government securities issuers as a Nationally Recognized Statistical Rating Organization.

Hyundai plans to issue a $1.31 billion auto ABS deal called Hyundai Auto Receivables Trust 2013-A (HART 2013-A).

Ford Motor Credit’s Canadian subsidiary is shopping $538 million of notes backed by auto loans, its first retail deal of the year.

Marine container securitizations set an all-time record in 2012 with issuance totaling $3.6billion in volume.