
SFA Research Pieces
SFA Research Pieces
SFA Research Corner: Private Ratings in Focus as Private Credit Market Grows
Private ratings—also known as private letter ratings (PLRs) or credit estimates—are gaining traction as insurers ramp up exposure to private credit. Used primarily for privately…
SFA Research Corner: Financing Pressures Drive Innovation in Data Center Financing
Demand for data centers remains strong, however, tariffs and rising operational costs have begun to slow project timelines as operators and owners navigate new economic…
SFA Research Corner: Recalibrating Through Tariff Squalls
Asset-backed commercial paper (ABCP) and term asset-backed securitization (ABS) markets have not been immune from tariff-related volatility. ABCP spreads inched wider as investor demand shifted…
SFA Research Corner: A Strategic Partnership: Banks and Private Credit Reshaping Asset-Based Lending
Growing partnerships between private credit sponsors and banks are reshaping lending. In 2024, nine major partnerships have enabled banks to leverage client relationships, originate bespoke…
SFA Research Corner: SFVegas 2025: Navigating Uncertainty, Uncovering Opportunity
SFVegas brought together participants from across the industry to discuss groundbreaking developments in structured finance and securitization. Conference participants and panelists navigated technological, regulatory, and…
SFA Research Corner: Industry Captains Navigate Crosscurrents to Chart ABS’s Next Moves
Last year, ABS issuance soared to a record-breaking $311 billion—but can this momentum continue? While borrower behavior, regulation, and technology are evolving, one thing remains…
SFA Research Corner: Warning: Rising Insurance Costs Could Undermine Your Financial Stability
Record-breaking natural disasters, like the Los Angeles wildfires, which are estimatedto cause $30 billion in insurance losses, are driving insurers to raise auto and homeowner…
SFA Research Corner: 2024: Securitization’s Surprisingly, Very Good Year
As 2024 concludes, the securitization market has demonstrated remarkable resilience, marked by robust issuance volumes, strong investor demand, and growth across both traditional and emerging…
SFA Research Corner: Subprime Borrowers Caught Between Economic Tides
Inflation remained steady in October, with headline CPI rising 0.2% month-over-month and core CPI up 0.3%, both in line with expectations. Year-over-year, headline inflation reached…
SFA Research Corner: Saving Fridays: TGI Fridays’ Bankruptcy Restructuring and Whole Business Securitization
Whole business securitization (WBS) has become a vital financing tool, enabling companies to leverage brand-driven cash flows for capital. Our latest article reviews the sector…