Fitch

Fitch says it will be weighing failures of management standards and practices at banks more heavily when considering possible downgrades. ESG advocates are cheering the development.

The second securitization from the joint venture AGCO Finance is preparing to issue $1 billion in notes backed by payments on retail installment loans and lease contracts on new and used agricultural equipment.

The deal has a more diversified pool than previous ones.

The pool of pass-through commercial mortgage-backed securities is mostly made up of single-family and multifamily residences.

The performance of U.S. credit card securitizations is continuing to improve, according to Fitch Ratings, but the asset class's ongoing health will depend significantly on what emerges from political squabbles in Washington, D.C.

Delinquencies will rise due to the severe effects of the pandemic on the commercial property sector, Fitch said.

Borrowers will likely have to put more assets on the line to get forbearance extensions.

More than 2,500 Fitch-rated structured finance transactions face significant challenges transitioning from Libor to an alternative floating-rate benchmark, but the ratings agency doesn’t foresee that resulting in potential ratings downgrades until 2022.

For banks with assets between $10 billion and $100 billion, the average exposure is 165% of capital.

The firm also predicts that the coronavirus pandemic will delay the GSEs' release from government control.