SFA Research Pieces
SFA Research Pieces
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…
SFA Research Corner: Natural Disasters and Their Impact on Securitization
Hurricanes Helene and Milton recently highlighted the significant impact natural disasters can have, with damages estimated up to $47.5 billion and $34 billion, respectively. In…
SFA Research Corner: Auto ABS Speeds Ahead, Fueled by Nonprime Loans and Leasing Demand
Auto ABS issuance is hitting new heights, reaching $137 billion by the end of Q3—a 17% increase from last year. Nonprime loans and growing leasing…
SFA Research Corner: ABS Issuance Soars: SRT Interest Grows, But Cash ABS Remains King
In 2024, credit-linked notes added $1.6 billion to ABS issuance, predominantly tied to prime auto loans, with one transaction referencing student loans—the first of its…
SFA Research Corner: Call for Submissions: Structured Finance Journal Now Open!
We are excited to announce the launch of the Structured Finance Journal (SFJ), a peer-reviewed publication dedicated to advancing research in the structured fixed-income markets….
SFA Research Corner: After a Conscious Decoupling, Will There Be a Reconciliation? Unemployment and Credit Performance Post-COVID
Pre-COVID, consumer loan performance tracked unemployment closely. This relationship decoupled in 2020. “We have seen credit scores moving up following the onset of pandemic, largely reflecting…
SFA Research Corner: Considers Credit Card ABS
SFA’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….
SFA Research Corner: Consumer Resilience and Stress: Insights from the LIFE Survey at the SFA Research Symposium
On August 7, the SFA held its inaugural Research Symposium, which provided timely insights amid a volatile market reacting to economic data. A key highlight…
SFA Research Corner: Walking on Sunshine: Using ABS to Fund Residential Solar Installations
In the first half of 2024, over $3.3 billion in residential solar asset-backed securities (ABS) were issued across 11 deals, averaging $298 million per deal….
SFA Research Corner: Securitization On Track for a Strong 2024
By mid-year, securitization market activity reached $939 billion, with private sector issuance at $413 billion, a 66% increase over 2023’s year-to-date level. Market experts anticipate…