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Fee hikes at the government-sponsored enterprises are one remedy, the government-sponsored enterprise's regulator noted in its annual report to Congress.
June 20
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The American Bankers Association's Economic Advisory Committee said access to loans is likely to further soften, while defaults and credit losses could increase in the second half of the year.
June 20
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Unibail-Rodamco-Westfield is offering to exchange any and all of its €1.25 billion ($1.37 billion) notes, which currently pay a coupon of 2.125%, with a new bond paying 7.25% and a cash amount.
June 20
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Partners in ABS practice also discuss how CLOs face final bridge to cross as Libor transition approaches the finish line.
June 20
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NALT 2023-B will operate with several forms of credit enhancement, including initial hard credit enhancement of 22.91%, and initial overcollateralization (OC) of 22.51%.
June 16
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The American Bankers Association's credit conditions index remained near historic lows despite a slight uptick in the most recent quarter. Pessimism pervaded the outlook for both business and consumer lending.
June 16
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The Consumer Financial Protection Bureau decided to move forward with its proposal based on feedback to an earlier request for input.
June 16
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Similar to previous deals, John Deere has initial hard credit enhancement of 3.50%, analysts said, adding that initial spread is expected to be 2.00% per annum.
June 16
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The PC maker plans to repurchase as much as $1 billion of senior notes maturing between May 2024 and May 2027. It will pay for the buyback with proceeds raised in a January bond sale.
June 16
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The forecast assumes US high-yield spreads will widen to 532 basis points over the next four quarters, from about 460 basis points at the end of May, with US unemployment rising to 4.8% from 3.7% in the same period.
June 15
