ABS

DBRS has created the position of chief credit officer, Canadian structured finance and appointed Jerry Marriott to this role as of Dec. 1.

As derivatives regulators hurry to implement key provisions of the Dodd-Frank Act, they face continuing questions over a firm that failed well after last year's passage of the law.

Standard & Poor's has assigned preliminary credit ratings to the series 2011-1 class A and B notes and the series 2011-2 class A notes issued under the principal-at-risk variable-rate note program Atlas VI Capital Ltd.

JG Wentworth is in the market with a $198 million structured settlement securitization.

The auto ABS market survived the financial crisis relatively unscathed.

With the macroeconomic uncertainty and headline risk still driving the securitization markets as 2012 comes to an end, it is no wonder that investors are looking for assurance before they sail through the uncharted waters of structured investments.

As the European sovereign crisis and uncertainty in the U.S. housing market play havoc with the prices of securitizable assets, appraising risk seems as easy for investors as threading a needle while riding a rollercoaster.

Four months after downgrading U.S. Treasury bonds, Standard & Poor's has lowered or affirmed fewer than half of the highest-rated ABS guaranteed by the now-defunct Federal Family Education Loan Program (FFELP).

To achieve a recovery in both the housing sector and the overall economy, mortgage banks need insight into the misconceptions on how mortgage delinquency and economic stress have impacted borrower behavior. This includes insight into what a "strategic default" is.

Petroplus Holdings AG has implemented a new receivables securitization program, which will provide up to $200 million through the sale of the company’s U.K. receivables.

The Office of the Comptroller of the Currency (OCC) released a proposal Tuesday that would remove references to credit ratings from its regulations, and posted guidance to help banks evaluate investment risks.The Dodd-Frank Act requires federal agencies to review regulations that required banks to use credit ratings to asses the creditworthiness of a security or money market instrument. Under the law, regulators must modify the rules to remove the references to credit ratings, and substitute them with an alternative standard.

The folks at law firm Dechert put out their annual golden turkey awards for dubious achievements in the commercial real estate market, a few of which are perfectly applicable to other areas of structured finance.

Korean Air Lines (KAL) securitized $300 million of its passenger ticket sales predominately on its North America routes.

While bigger competitors have been cutting back in leveraged finance amid a decline in trading volume and slack underwriting, KeyBanc Capital Markets, the debt capital markets group of Cleveland-based KeyBank, continues to build out.

A private investor is considering a plan to finance $250 million of debt from the professional ice hockey team the New Jersey Devils, according to a report in the New York Post.

Banks with more than $50 billion of assets must be "well prepared" to meet new international capital standards when they file capital plans next year, according to a final rule issued by the Federal Reserve Board on Tuesday.

Situational volatility has led some potential issuers in the esoteric space to opt out of structured finance and seek financing elsewhere, market sources said.

Canadian law firm Blake, Cassels & Graydon today released commentary on the Ontario Securities Commission (OSC) decision on whether ABCP sponsor Coventree complied with disclosure requirements in the asset class.

Securitization industry experts speaking at yesterday's American Securitization Forum (ASF) sunset seminar asked for clarity on new regulation directly affecting the U.S. ABS market, specifically the Volcker rule.

Chicago,IL-based Clopton Capital plans to create larger conduits for lending CMBS loans.