Europe

Finacity Corporation launched a combined receivables securitization program for Papier Union GmbH and PMF Factoring GmbH both both part of the Inapa Group a leading paper merchant group in Europe.

Global law firm Morgan Lewis has a sixth partner to its London structured transactions team, which was launched just last summer.

DBRS assigned ‘AAA’ ratings to €137.5 million ($150.3 million) of notes issued from RCI Banque’s Cars Alliance Auto Loans France Master.

Standard & Poor's downgrade of Volkswagen will have no immediate impact on its three U.S. auto loan and one auto lease asset-backed securities transactions it rates originated by VW Credit.

As key interest rates turned negative this year in Europe, everyday financial transactions entered the realm of fun-house mirrors.

Santander is marketing €1.33 billion ($1.45 billion) of notes backed by a portfolio of Spanish residential mortgages.

Ten U.S. collateralized loan obligations totaling $4.8 billion were issued in November, marking the lowest monthly level since January 2014, according to Thomson Reuters LPC.

Kensington Mortgage Co. plans to issue a bonds backed by a portfolio of recently acquired GE Money originated U.K. mortgages.

New bank capital rules on the horizon could nearly wipe out secondary trading in most kinds of asset-backeds, said JPMorgan analysts in a report.

A jump in lending in many parts of Europe, coupled with rising economic growth and higher employment, should help bolster the performance of securitizations in Europe, according to Fitch Ratings.