Video: Libor withdrawal presents a higher risk to the credit quality of certain structured finance sectors
03 Oct 2019|Moody's Investors Service
Neal Shah and Anthony Parry from Structured Finance, discuss which segments of the $700 billion plus Libor-tied securitization notes poised to remain outstanding through 2021 are most vulnerable to the risk posed by Libor transition.
17 Sep 2019|Moody's Investors Service
Most US public finance issuers do not have exposure to Libor. We expect issuers that do to articulate plans to address transition risk by early 2021.
Structured Finance – UK: Libor transition exposes swaps in some legacy deals to credit negative risks
07 Jun 2019|Moody's Investors Service
Swaps that continue referencing Libor after 2021 will face legal and economic risks that could have credit negative implications for legacy structured finance transactions.
Structured Finance – US: Industry panel's recommended Libor-transition language for US securitizations is credit positive
04 Jun 2019|Moody's Investors Service
On 31 May, the Federal Reserve-sponsored Alternative Reference Rates Committee (ARRC) released recommended benchmark fallback language for securitization contracts in anticipation of the retirement of the London Interbank Offered Rates (Libor) after 2021.
08 May 2019|Moody's Investors Service
In this video, Neal Shah, Managing Director, Structured Finance, and Colin Ellis, Managing Director, Credit Strategy, discuss how the global securitization and covered bonds markets are progressing towards a world without Libor.
09 May 2019|Moody's Investors Service
Structured finance market participants are making progress in addressing Libor transition risks in new transactions. However, even new contract language often leaves risks.
Financial Institutions - Global: Preparations advance for IBOR replacement and transition risks come into focus
16 May 2019|Moody's Investors Service
The discontinuation of Interbank Offered Rates (IBORs) in 2021 exposes large banks, insurance companies and asset managers to an array of financial, operational, legal, regulatory and technological risks.