Consumer ABS

Moody’s says that the higher education sector was recently blessed with a credit positive but that the sector will experience mixed credit conditions in the next few years.

With year-to-date issuance reaching $34 billion, analysts expect full-year 2012 issuance to reach roughly $40 billion, Standard & Poor's analysts said.

One speaker at Information Management Network's ABS East detected a potential bubble forming in the auto subprime segment.

Reporting on the hurricane’s potential impact in the securitization world, Nora Colomer cited CoreLogic’s estimate that nearly 284,000 homes in the Mid-Atlantic region, valued at about $87 billion, were at risk of property damage.

CNH Capital America will issue under its CNH Equipment Trust 2012-D.

Lease transactions are increasingly making up a larger portion of auto ABS issuance and offer investors a good alternative to auto loan ABS, Credit Suisse analysts said.

U.S. financial institutions will not be required to start complying with Basel III capital and liquidity requirements by Jan. 1, according to a joint statement issued by regulators on Friday.

Santander Consumer Bank AS is marketing a $809 million securitization of Norwegian auto loans called Bilkreditt 3 Limited that will offer investor notes denominated both in euros and Norwegian kroners.

California Republic Bancorp has completed a securitization of nearly $183 million of prime indirect automobile loans.

Moody's Investors Service has assigned a ‘Aaa’ rating to both the floating and fixed rate tranches of Barclays’ Capital first SEC registered, reg AB compliant, U.S. credit card receivable platform called Dryrock Issuance Trust.