Structured Finance

Highlights

• 17 Jun 2013
  • Introducing EMEA Covered Bonds: Week in Review
    This new publication provides comprehensive coverage of all Moody's EMEA covered bond publications for the previous week, including Moody's performance overviews and special reports. The report will also highlight recent related rating changes and market developments and links to details of all the programmes that we rate... Press Release l Full Report​
  • Credit Insight Newsletter highlights exposure of Spanish SME deals to refinanced loans
    The June edition of Credit Insight discusses the credit negative implications for Spanish SME securitisations of their high exposure to refinanced and restructured loans. We also discuss the credit positive implications for Spanish SMEs of the Spanish government’s push to cut public sector payment delays on accounts payable. In addition, we discuss the credit positive impact on European SME ABS transactions of enhancements to the amount and quality of data that a number of European Corporate Credit Registers (CCRs) store. Also, we discuss how credit card performance in the US, UK and Canada will remain stable through to end-2013, as the steady improvement in performance since the end of the recession tails off… Press Release l Full Report
• 3 Jun 2013
  • SLM's restructuring is credit negative for its private student loan securitizations, less so for FFELP
    The restructuring is credit negative for PSL deals because their servicer will be smaller and less diversified than the current SLM and thus more vulnerable to financial distress, but less credit negative for FFELP securitizations, given a history of numerous servicing transfers in the past and standardized servicing platforms to facilitate the ease of transferring loans... Full Report​