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Reach Financial's consolidation loans make up 34.8% of the collateral pool, compared with 13.3% in Reach 2022-1, with fewer loans in the lower-risk tier.

The transaction, which is associated with a high-quality customer base, is the first mobile device financing ABS from T-Mobile Financial, or Finco.

U.K. 30-year bonds headed for their biggest-ever rally after the Bank of England stepped in to stem a market rout fueled by forced selling from pension funds.

Proceeds will cover transaction fees and expenses, mainly, but could also be applied to general corporate purposes, including future brand acquisitions.

While the agency affirmed the bank's current high ratings, it also cited instances of noncompliance, which led to the downgrade.

The same day Provident Financial Services announced it had agreed to buy Lakeland for $1.3 billion, the seller disclosed an ongoing fair-lending investigation by the Justice Department. Provident said it has "not heard anything" that would give it pause.

The central bank is still pretending that its policies won't hurt much. That's not a good sign.

The all-stock acquisition of Lakeland Bancorp, expected to close in the second quarter of 2023, would create a combined bank with more than $25 billion of assets.

KBRA holds a mixed point of view about SAFCO's long charge-off policy, at 181 days overdue, while the deal-level chargeoff threshold is 121 days.

"We're in a period of global gloom, with pessimism blanketing different countries for different reasons," said Ed Yardeni, president of his eponymous research firm.