VW Plans UK Auto Loan ABS
Volkswagen Financial Services plans to issue a securitization backed by U.K. auto loans, according to Standard & Poors.
Consumer ABS
China Auto Securitization Gears Up
Chinese auto loan securitization, initially destined for a largely domestic investor base, is taking off.
Volkswagen Prices $129M-Equivalent China Auto Loan ABS
Volkswagen announced today that it priced its CNY800 million ($128 million) securitization of Chinese auto loans.
Barclays Plans As-Yet Unsized UK Credit Card Deal
Barclays Bank, operating under its trading name Barclaycard, is planning its first credit card securitization of the year, according to a presale report published by Standard & Poors.
SoFi Plans Second P2P Student Loan Securitization
Social Finances second peer-to-peer lending securitization deal, SoFi Professional Loan Program 2014-A, has been assigned a preliminary A ratings by DBRS.
ASR Update
In this week’s newscast, the PCS label has revised its criteria; a government watchdog warns about brisk growth of servicers; and Amherst and Pierpont merge.
PCS Brand Drops Requirement for a Given Rating
Referring to the criteria for Prime Collateralized Securities as a living construct, the PCS initiative today said it had revised what determines whether a securitization receives this label of high-quality or not.
BMW Plans 800M German Auto Loan Securitization
BMW plans to issue 800 million ($1.09 billion) of securities backed by a portfolio of German auto loan receivables.
Morningstar Moves in on RMBS and ABS Ratings
The National Association of Insurance Commissioners will extend Morningstar Credit Ratings designation on the NAIC credit rating provider list to all mortgage-backed securities and asset-backed securities.
Santander Prices Polish Auto ABS
Santander Consumer Bank priced its first securitization of Polish assets the PLN1.4 billion ($448 million) Polish auto ABS, SC Poland Auto 2014-1.
OCC Shines Light on Auto, Leveraged Loan Risk
The Office of the Comptroller of the Currency sounded the alarm again Wednesday about two key areas in which it sees heightened risks from expanding portfolios: indirect auto lending and leveraged lending.
Santander Securitizes Pool of Polish Auto Loans
Santander Consumer Bank S.A. plans to issue its first public Polish securitization a PLN1.4 billion ($46 million) transaction that is backed by a portfolio of Polish auto and rental-purchase loans.
Consel Adds 372M of Italian Consumer Loan ABS
Italian-based consumer credit company, Consel S.p.A plans to issue a 372 million consumer loan securitization dubbed Monviso 2014 s.r.l.
ASR News Update
In this week’s newscast: The Chicago FHLB and Redwood form a jumbo mortgage conduit, private student loan defaults decline, and RadioShack’s exposure in CMBS
ASR News Update
In this week’s newcast: Volkswagen plans debut China auto loan ABS, the ECB talks up securitization again, and Jim Ahern replaces Claire Robinson as head of Structured Finance, Americas at Moody’s.
Volkswagen Obtains Ratings for its Inaugural Chinese Auto Loan Securitization
Volkswagen has obtained ratings from both Fitch Ratings and Moodys Investors Service on its $800 million renminbi ($128 million) securitization of Chinese auto loans.
Agos Plans Italian Consumer Loan ABS
Milan-based Agos Ducato plans to issue securities backed by a 1.35 billion portfolio of unsecured consumer loan receivables, according to DBRS.
Ford Completes 1st Auto Loan Securitization in China
A subsidiary of Ford Motor Credit has become the first wholly foreign owned auto finance company to securitize auto loans in China.
Nordax Securitizes Scandinavian Consumer Loans
The deal, Scandinavian Consumer Loans IV, marks a return for the issuer, which has not completed a securitization since 2011.
Tesco Plans U.K. Credit Card ABS
U.K. bank Tesco Personal Finance Group plans to issue securities backed by U.K. Visa and MasterCard credit card receivables, according to Standard & Poors
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