Data and information management

Sabey 2025-2 will feature a $24.8 million liquidity reserve among other credit enhancement mechanisms, including cash trap and early amortization triggers.

The looming initial public offering from Swedish payments firm Klarna comes in the foreground of tariff uncertainties and inflationary pressures.

A set of performance-related triggers—cash trapping and expense reserve—will help maintain cash flow to the notes.

The rating agency covers its bases in preparation for a surge in data center debt

Among the deal's main credit strengths is that the real estate assets are protected by robust physical security, and 83.5% of the tenants have investment-grade credit ratings.

The deal will sell two series of notes from a new master trust, secured by revenues from three data centers in Phoenix and Toronto.

Tenants also have a high average credit quality, with 75.9% of them having at least an investment grade rating, and lease assets underlying the class A notes have a loan-to-value (LTV) ratio limited to 70%.

The attackers also hacked the computers of two of Yellen's lieutenants, Deputy Secretary Wally Adeyemo and Acting Under Secretary Brad Smith.

Treasury was notified on Dec. 8 by a third-party software provider that a hacker had gained access "to a key used by the vendor to secure a cloud-based service."

The Financial Stability Oversight Council's annual report underscores mounting challenges in commercial real estate, escalating cyber threats, and regulatory gaps in third-party services and stablecoins, urging stronger oversight and legislative action.