ABS

Kroll Bond Ratings said it expects the first rated securitization of commercial property assessed clean energy (PACE) loans in 2013.

IPFS Financing Corp. plans to issue a $400 million securitization that is backed by insurance premium finance loans.

The consumer ABS market got off to a strong start in January, with the auto sector once again leading the way; issuance was up on the year, and spreads narrowed, led by subordinated bonds.

Aetna priced its $150 million health insurance-linked securitization, Vitality Re IV Ltd. (Series 2013-1).

View the year-to-date manager rankings for the different ABS sectors, including real estate, credit cards and autos.

Rethinking securitization structures to attract junior investors

Many sectors of the market are rallying, investors have returned, enthusiasm is running

Spreads on asset-backed securities narrowed sharply across the board in 2012; as justified as this was, some sectors are already looking rich, according to participants at the ASF 2013 conference.

The narrative in Hollywood films tends to follow a three-act boilerplate — certain things happen to the protagonist at specific points over the course of the movie.

Southern Company’s Mississippi Power plans to do a utility securitization to recover the financing costs related to construction of its $3 billion coal-gasification power plant Kemper County.

Dedicated funds have proved crucial to the develop of CAT bonds and they will remain so

Do not expect much securitization activity out of Europe this year, said participants in a panel at the American Securitization Forum’s 2013 conference.

Participants on a panel at the ASF’s 2013 conference said the major stumbling block remains uncertainty about what would happen to covered bondholders in the event of a troubled issuing bank going into receivership.

In marked contrast to recent years, speakers at the first major panel of the day sounded some fairly upbeat notes.

The true-up mechanism structured in utility tariff ABS deals has helped deals with exposure to hurricane Sandy, weather the storm said Fitch Ratings.

Citi’s new service allow structured finance investors to access the bank’s secure investor reporting website to view notices online in real-time.

Direct Capital Corp. is planning a $163 million securitization of equipment loans and leases, according to a presale report published by Standard & Poor's.

Diamond Resorts completed its $93.56 million timeshare securitization, Diamond Resorts Owner Trust 2013-1.

Nationstar Mortgage plans a $900mn mortgage servicer advance asset-backed securitization this month, according to a Standard & Poor’s presale report.