Securitization in non-traditional ABS asset classes will increase this year, according to a Standard & Poor's report emailed this morning.
However, S&P rating analysts said that this increase would be scattered across several collateral types.
Year-to-date, the agency has rated 10 non-traditional securitizations worth $5.7 billion. This is compared with $2.1 billion last year for the same period, the analysts said.
The total numbers include three timeshare transactions ($465 million) and two stranded cost deals ($2.5 billion, $1.8 billion of which come from the CenterPoint Energy offering), S&P reported.
According to S&P, other sub-sectors with a deal each include the following: whole business, intellectual property, insurance premium, container, and tobacco.