ABS

Highlights

• 15 May 2013
  • Credit Insight: May edition highlights positive impact of new FCA initiative
    AThe May edition of Credit Insight discusses the credit positive impact for UK RMBS and covered bonds of the UK’s Financial Conduct Authority’s (FCA) initiative to reduce interest-only mortgage borrower risk. The FCA’s initiative, which requires lenders to prompt borrowers with interest-only mortgages maturing before 2020 to check their repayment plans, will reduce default risk. We also discuss the mixed credit implications for Spanish SME transactions of the Spanish government’s new National Housing Plan for 2013-2016 and the credit negative impact for Spanish ABS of continued regulatory uncertainty in the Spanish electricity sector on the back of high tariff deficits... Full Report
• 23 Apr 2013
  • Auto Loan ABS Quarterly Update
    The strong credit performance of Moody’s-rated auto loan securitizations in 2012 continues in 2013. Despite marginal deterioration in collateral credit, borrower credit profiles for the 2012 vintage remain strong, which taken together with the strong although declining used vehicle prices, should result in the 2012 pools to perform strongly, similarly to the 2011 vintage... Full Report
  • April ABS Spotlight Newsletter
    In this issue, we offer the first in a series of articles on solar panels, a potential new asset class for ABS. We also show how President Obama’s 2014 budget plan will affect private student loan securitizations and provide our outlook for the US credit card issuers’ profitability in 2013, and much more... Full Report