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This week, Moody’s Investors Service projected elevated credit-loss expectations for a new subprime auto-loan securitization from Veros Credit, even though the new deal has several improved credit metrics compared to the company’s prior ABS offering in March 2020.
May 14 -
If the lender's trust opts to upsize its second bond offering of 2021, the $2 billion-plus transaction would be Santander's biggest in the post-crisis era.
May 12 -
Deals, trends and research in structured finance and asset-backed securities for the week of April 30-May 6
May 6 -
Deals, trends and research in structured finance and asset-backed securities for the week of April 23-29
April 29 -
But the rate for those loan-payment deferrals remains elevated over pre-pandemic levels.
April 28 -
Crédito Real targets borrowers with little or no credit history as well as bad credit, who are undocumented or were recently discharged from federal bankruptcies.
April 19 -
Deals, trends and research in structured finance and asset-backed securities for the week of April 9-16
April 15 -
Also launching deals last week were Santander Consumer USA and DriveTime Automotive Group, according to ratings agency presale reports.
April 12 -
The $1.15 billion CarMax Auto Owner Trust 2021-2 could potentially be upsized to $1.56 billion, according to presale reports from Fitch Ratings and S&P Global Ratings. CarMax upsized its first deal of the year that priced in January.
April 9 -
Deals, trends and research in structured finance and asset-backed securities for the week of March 19-25
March 25