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S&P: Fleet-Lease ABS at $1.3 Bln Year-to-Date

Corporate fleet-lease ABS year-to-date issuance this year is at $1.3 billion, according to Standard & Poor's analysts in an emailed note released this morning.  

They expect that issuance in 2012 will probably exceed last year’s $1.6 billion total, which will improve the sector’s liquidity, analysts said. 

"We believe good underlying collateral performance, continued investor interest and tighter spreads could support higher fleet-lease ABS issuance this year," analysts wrote.

They added that issuance in the sector is also benefiting from the ongoing replacement of vehicles and trucks in a robust used-vehicle market.

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