ABS

Investors aren't necessarily the ones getting cold feet despite interest-rate uncertainty and economists' growing warnings of a potential recession.

In the proposal, NAIC argues that an insurer purchasing every tranche of a CLO holds the same investment risk as purchasing the entire pool of loans backing the CLO.

The Fed's Treasury holdings include inflation-protected securities, and the total value incorporates adjustments to their principal determined by changes in the CPI.

Outstanding balances have grown 81% over the last twelve months, with WA high balances of $648, in relation to their WA available credit lines of $947.

Regardless of whether the deal issues the $1.2 billion base amount or is upsized to $2.0 billion, the collateral is non-prime and has an original term of 71 months.

The US leveraged loan market, while seeing less volume, has been "orderly and open." That's in part due to continued demand from collateralized loan obligation managers.

BHG tightened income fraud mitigation with a 16-member fraud management team to address increased losses through its consumer digital channel.

Banks have been struggling to offload $15 billion of debt commitments that they agreed to provide in January to help finance the buyout of the software company.

The transaction requires that a minimum of 85.0% of the loan borrowers be based in the U.S. or Canada, while up to 60.0% of the collateral can be covenant-lite.

The plan is likely to incentivize borrowers to swap older, bank-owned loans that don't qualify for the benefits for new loans that do qualify as Direct Loans.