Standard & Poor’s said Tuesday that it expects the performance of the collateral that backed commercial securitizations to remain stable in 2014.

This sector includes assets such as fleet leases and dealer floorplans as well as equipment finance.

The rates of losses and delinquencies fell to historic lows over the last five years, thanks to more rigorous lending standards and healthier borrowers, the agency said.

S&P Credit Analyst John Detweiler said he expected banks to return to commercial lending and specialty finance, while non-banks will keep increasing their penetration of the sector. The latter have the advantage of not being subject to bank regulations. 

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