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Both agencies cited the increasingly sunny economic outlook driven by the reach of COVID-19 vaccination efforts.

Demand is booming this year for securitized debt, as sales have not only recovered following last year’s Covid-induced dip, but are even eclipsing the pace of previous strong years.

Strong growth, continued low-cost borrowing and an oil rally are all contributing to a friendly backdrop for high-yield issuance.

While government protections currently shield most borrowers and delay process timelines, a growing backlog is likely to hit some areas of the country worse than others.

Thanks to a series of government measures, the pandemic did not cause the massive wave of distressed debt flooding the market that many expected, but certain property types remain vulnerable.

Three months into President Biden’s term, the White House has yet to select a nominee to run the Office of the Comptroller of the Currency or pick an acting chief. That inaction will make it more difficult for Democrats to unwind Trump-era policies, critics say.

The second securitization from the joint venture AGCO Finance is preparing to issue $1 billion in notes backed by payments on retail installment loans and lease contracts on new and used agricultural equipment.

The deal has a more diversified pool than previous ones.

The powersport equipment financing company is hoping to see its first profitable year in 2021.

The residential mortgage-backed securities will offer investors a chance at $300 million in notes highly rated virtually throughout the deal.