BoE Easy Money May Not Sink ABS Issuance
The Bank of England’s program of easy money for banks and building societies may not hit ABS and MBS issuance as much as first thought.
Europe
S&P: Euro Issuance Slides with Economic Woes
The region's investor-placed securitization issuance reached €44 billion in the first seven months of 2012. This decreased roughly 10% from the same period in 2011, Standard & Poor's said.
Moody’s Proposes New SF Criteria in Troubled Euro Countries
Moody's seeks market feedback on its new approach to assessing impact of country credit deterioration on structured finance deals.
Italian Jumbo Covered Bond Issuance Falls in 2012
Year-to-date 2012 volume in the sector has hit $922 million versus the record $21.4 billion issued in 2011 year-to-date, Dealogic reported.
Spread Tightening Continues for Euro Securitizations
The lack of new-issue supply should support and keep the near-term positive spread trends in securitized collateral, Citi said.
Moody’s Rates Russian RMBS
The RUB13.2bln RMBS deal is the sixth for Russia's Agency for Housing Mortgage Lending.
Commerzbank Sells Mezzanine ABS Paper
The German bank placed a synthetic securitization backed by mezzanine risks worth €120 million.
Moody’s: Bank Downgrades Lead to Rating Triggers
Most of the trigger breaches arose in deals exposed to banks downgraded below ‘P-1.’