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Recent increases in auto sales are a harbinger for higher auto ABS issuance in the upcoming months, according to an emailed note this morning from Standard & Poor's.
March 15 -
Prime credit card ABS performance improved in February without near-term challenges apparent. However, retail card results came in mixed, reported the latest index results from Fitch Ratings.
March 13 -
Auto companies are lining up their multiple asset-backed offerings this week. Equipment ABS issuers are also joining the mix of automobile securitizations.
March 12 -
Almost a year after credit card loans hit bottom, banks have given little slack in credit lines.
March 12 -
Auto sales are gaining strength, which can further boost auto securitization issuance, analysts stated.
March 9 -
Continental Airlines this afternoon sold $892.14 million of passthrough certificates through a deal called Continental Airlines 2012-1 EETC.
March 8 -
General Electric Capital Corp. (GE) is going to issue under its GE Equipment Transportation LLC, Series 2012-1. The deal will be sized at $716.5 million, according to a Securities and Exchange Commission (SEC) filing on the offering.
March 7 -
In a regulatory filing today, Ally Bank has upsized its previously $1 billion auto ABS to $1.7 billion. The deal is rated by Fitch Ratings and Moody's Investors Service.
March 7 -
Volvo Financial Services is marketing a $642 million equipment lease securitization.
March 5 -
Perpetual Trustee Co. is in the market with the first Australian ABS for this year.
March 5