S&P ABS team brings good things together

Standard & Poor’s unveiled its new European Corporate Securitization group that will be co-headed by Apea Koranteng and Mike Wilkins. The construction of the new team has been long in coming as S&P steadily recognized a need to better access the full spectrum of issues that might develop under the ever-popular hybrid structure. Koranteng and Wilkins said that S&P pulled the team from various parts of S&P Europe and hoped that the broader range of expertise might provide a continuum approach for investors and their financial advisors wanting to access both the unsecured debt market and asset-backed markets. The group brings together 15 credit professionals from S&P’s corporate, infrastructure, project, and public and structured finance practices. “With the creation of the new group and our success in making ABS criteria and unsecured criteria converge, we have now found the solution that best suits the markets,” said speakers.