Jonathan Polansky was appointed managing director of Moody's Investors Service's CDO group. In that role, Polansky will handle CDO surveillance, plus ratings for synthetic correlation trades and esoteric synthetics. Before the move, which is effective immediately, Polansky was a managing director in the rating agency's asset-backed commercial paper group since 2005. It also marks a return to derivatives coverage for Polansky, who joined Moody's derivatives group as an analyst in 1997. In 1999, Polansky left Moody's to head the structured products group at Triton Partners. Everett Rutan, a senior vice president, will assume Jonathan's responsibilities in heading up the U.S. ABCP team. He joined Moody's in 1997, covering term ABS, and moved to the ABCP group in 1998.
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Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
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The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24 -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24 -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
April 23