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Zopa, an online lender based in the U.K., is marketing £138 million of bonds backed by unsecured consumer loans, according to Moody’s Investors Service.

E-Carat S.A., Compartment 9 is comprised of two series of rated notes of undetermined size, backed by a pool of €513.5 million in loans.

Kroll Bond Rating Agency taps Mauricio Noe to Lead its push into Europe.

Ford Motor Co. is securitizing its second round of German auto loans this year in a €541.7 million pool of both private and commercial borrower receivables tied to significant balloon payments.

The earthquake that struck central Italy on Aug. 25 will have limited impact on bonds backed by residential mortgages or loans to small and medium-sized enterprises, according to DBRS.

Moody’s Investors Service has assigned provisional ratings to five classes of notes in STORM 2016-II B.V., a €1.15 billion pooling of 5,729 30-year home loans to consumers in The Netherlands. The sizes of the Euro-denominated notes are to be determined.

The U.K. government will redeem £3 billion ($3.9 billion) of bonds backed by mortgages from rescued lender Bradford & Bingley, paving the way for a potential sale of the loans

Europe’s speculative-grade corporate default rate is expected to rise slightly by next year amid lingering credit instability, slow economic growth and a growing concentration of companies in the lowest levels of junk-grade ratings.

DBRS named Nichola James as co-head of sovereign ratings. At the same time, Fergus McCormick, who had been head of sovereign ratings since 2010, will now be chief economist and co-head of sovereign ratings.

Heathrow Funding, a corporate securitization vehicle that issues bonds raising proceeds for London’s Heathrow Airport and related rail link services, is issuing £400 million (US$520 million) in new notes for the airport to repay upcoming debt maturities.

Hawksmoor Mortgages 2016-1 PLC is a collection of U.K. mortgage loans. More than 80% were originated by GE Money’s home lending and mortgage units, with about one-third consisting of aged, pre-crisis loans issued in 2007.

Allen & Overy has added a team of five partners specialized in leveraged financings to its New York office.

Wells Fargo, Bank of America and Morgan Stanley are keeping skin in the first risk retention compliant CMBS.

Standard & Poor’s has assigned a preliminary ‘A’ rating to a €1.5 billion four-year revolving securitization of auto, motorcycle and trailer loans originated by Santander Consumer Bank AG.

Banco Sabadell is pushing out a €1.75 billion (US$1.92 billion) securitization of small business loans through a newly established trust platform.

Groupe Banque Populaire, Caisse D’Epargne (BPCE) is pursuing a second securitization from a revolving pool of up to €50 billion in residential mortgage loans held in its two-year-old asset-backed fund.

Portfolio managers are expecting deteriorating credit conditions in spreads and defaults in North America and Europe this summer, as the Brexit contagion spreads around the globe. In particular, 68% of managers worldwide expect to see growing defaults in the European investment-grade space this summer.

Fitch Ratings and Moody’s Investors Service have assigned preliminary ratings to a €700 million, 18-month revolving securitization of unsecured consumer auto loans issued and serviced by Banco Bilbao Vizcaya Argentaria, S.A.

Santander Consumer Holdings appointed William Rainer chairman, and it announced that Blythe Masters has resigned to advise Banco Santander — its Spanish parent company — on the blockchain.

Dutch mortgage lender Obvion N.V. is structuring its 34th securitization of residential mortgages through its Purple Storm 2016 B.V trust.