Private structured credit, known as Private Asset-Based Finance (Private ABF), is rapidly gaining traction as issuers seek diverse capital sources and banks adjust their lending practices.
Read MoreThis week we are excited to introduce our Research Feature, part of a suite of research products that explore emerging trends in the broader economy and their potential impact on securitization. Our inaugural feature, titled...
Read MoreIn a recent analysis of 28 private credit loans and 15 broadly syndicated loans, Moody’s identified a noticeable correlation between the expanding size of private credit loans and the diminishing presence of financial maintenance covenants....
Read MoreSFA’s Research Corner considers credit card ABS which, unlike other asset classes, are tied to the prime rate and are particularly sensitive to the Fed’s rate hikes. Credit card debt is nearing a record $1 trillion, up...
Read MoreIn Research Corner, we see the waiting game playing out in student loans and student loan ABS (SL ABS). Performance for post-2010 private credit SL ABS and private credit refinancing SL ABS has been “solid” thus far,...
Read MoreThirty-four corporate obligors whose leveraged loans are held by U.S. Corporate Loan Obligations (CLOs) were downgraded in August. This is the highest monthly number of CLO-held loan downgrades since July 2020, according to S&P’s SF Credit Brief....
Read MoreMind the Gap - Alternative Data, RMBS to Help Address Wealth Inequality New in @SCI_Newsfeed, our Head of Research Elen Callahan discusses how securitization can be a useful tool in addressing the growing wealth inequality...
Read MoreSFA’s latest Research Corner piece examines current use of existing ESG standards within RMBS, at both the corporate level as well as at the structured finance level. The report notes that SFA members Fannie Mae...
Read MoreGreen auto ABS deals represented $3.5 billion of the $29 billion issuer-designated ESG securitizations in 2021. Proceeds from these deals financed the purchase of green vehicles at Tesla and Toyota, the inaugural issuers of green...
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