Moody's Investors Service blames the lack of standard terminology used to describe covenants that forbid borrowers from taking certain actions or require them maintain certain financial ratios.
Precise Mortgage Funding 2017-1B PLC is the second "buy-to-let" transaction n Europe in the last week, and the fourth since February. Moody's Investors Service is rating the dea.
Lone Star's ERLS 2017-NPL1 DAC is backed by 419.8 million in non-performing loans; Mars Capital's 332 million Grand Canal Securities 1 is backed by repreforming loans.
All of the loans were originated by the former Bradford & Bingley bank and its Mortgage Express subsidiary, and were auctioned off by the U.K. Asset Resolution, according to rating agency presale reports.
Two of Spains most prominent banks have structured new consumer-loan securitizations totaling nearly 1.89 billion (US$2.05 billion) in new bonds.
A nascent private bond market in France is expected to grow significantly over the next two years, and could complement, or possibly compete with, securitization of loans to small and medium-sized enterprises.
A policy fight is threatening the recovery of collateralized loan obligations in Europe.
European collateralized loan obligations issued pre-financial crisis are nearing the end of their reinvestment periods, yet the maturities of the loans that serve as collateral continue to shift further out into the future.
The latest generation of European CLOs may expose investors to a risk that didnt exist in most collateralized loan obligations issued before the financial crisis: fluctuations in foreign exchange rates.
With Global ABS around the corner, its only fitting that we turn our attention to Europe.
Treasurer, Head of Asset Management
Firm: NewStar Financial
Owning may offer consumers more savings than leasing, but loans pose a different set of risks to investors when pooled into collateral for bonds.Current Issue