Revisions in securities regulations advanced by the Securities Exchange Commission will "substantially slow down the debt offering process while raising borrowing costs for U.S. corporations," The Bond Market Association charged in a comment letter filed with the SEC. The BMA is concerned the proposal does not present a workable model for ABS offerings and may inappropriately impede the regulatory framework for such offerings.
The highly diversified pool mix consists of 29 different aviation asset types, with a third being new and emerging technology aircraft, and 45.7% are current technology aircraft.
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
The deal will not make any principal payments during the revolving period unless it needs the cashflow to maintain the required overcollateralization amount.
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
The financial technology firm says the hires reflect its continued investment in a solid growth, as it develops its finance offerings, and engages with industry leaders and regulators.
Leverage is moderate in Saluda Grade's pool, yet the junior liens carry slightly more LTV and DTI risk, on a weighted average (WA) basis.
