ABS

A low charge-off rate and an increasing monthly payment rate are credit hallmarks of the latest deal.

The PV systems are grouped into 74 different projects, including 46 that are subject to a master lease agreement between Sunbeam LeaseCo, a third party, and subsidiary of the issuer.

CRVNA 2022-P2’s pool balance is much smaller than that of its most recent predecessors, which issued about $1.0 billion.

The transaction is expected to garner ‘AAA’ ratings owing to the good servicing capabilities of American Express Travel Related Services.

Equities, bonds, cash and gold all saw outflows in the week ended May 11, strategists led by Michael Hartnett wrote in a note, citing EPFR Global data.

Real-estate owned assets sold in 2021 achieved 109% of the most recent appraised value, on average, compared with the 97% that the sales achieved, in 2020.

Dealers are in solid financial health, school buses secure 20%-35% of notes, and Navistar Financial has never had a bus dealer bankruptcy in its history.

In most selloffs, investors can find a few safe havens. But in this year’s corporate bond rout, a backdrop of stagflation means there is absolutely nowhere to hide.

The deal has a 24-month revolving period, when eligible receivables will be sold to the trust subject to concentration limits and eligibility criteria.

Americans are reminded about high gasoline prices daily, every time they drive. Another energy cost comes to their attention monthly: utility bills.