KBRA released its 2023 ABS Sector Outlook, examining key trends from 2022 and providing forecasts for the new year.Persistently high inflation, tighter monetary policy and slowing economic growth have weighed heavily on risk assets in 2022, and the U...
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November 30, 2022, 07:12 AM
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Kroll Bond Rating Agency, LLC (KBRA) assigned preliminary ratings to nine classes of notes issued by SCF Equipment Leasing 2022-2 (SCF 2022-2), an equipment ABS transaction.SCF 2022-2 represents the tenth equipment ABS sponsored by Stonebriar...
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November 04, 2022, 07:20 AM
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KBRA released research on potential ABS exposure in its rated universe of consumer and commercial ABS to Hurricane Ian, which made landfall along Florida’s southwestern coast on Sept. 28 before making landfall a second time near Georgetown, SC.Key...
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October 07, 2022, 07:05 AM
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KBRA and KBRA Europe released a brief report highlighting Aircraft ABS lease backed securities with exposure to aircraft leased to entities in Russia and the Ukraine. There is risk of potential cash flow interruptions in such transactions that could...
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February 25, 2022, 07:00 AM
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Commercial Equipment Finance, Inc. (CEFI), an independent commercial equipment finance company headquartered in Puerto Rico, announced it has closed a $90.9 million asset-backed security (ABS) transaction. The proceeds will be used to pay down...
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December 01, 2021, 07:19 AM
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Kroll Bond Rating Agency (KBRA) released its outlook on the ABS sector, examining key trends from 2021 and providing forecasts for the new year.KBRA expects some of the same tailwinds that benefited the ABS market over the past year to continue into...
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November 30, 2021, 07:07 AM
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Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to four classes of notes issued by Dext ABS 2020-1, LLC, an equipment ABS transaction.Dext Capital, LLC (Dext), founded in 2018 and headquartered near Portland, OR, is an independent...
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October 26, 2020, 07:15 AM
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Fitch Ratings has revised its sector Asset Performance and Ratings Outlooks for aircraft and engine asset-backed securities (ABS) to “Negative” from “Stable-to-Negative.” This change reflects material downside risks from the global spread of the...
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March 24, 2020, 07:04 AM
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Stonebriar Commercial Finance (Stonebriar) announce a number of rating upgrades published by both Kroll Bond Rating Agency (KBRA) and Moody’s Investors Service (Moody’s) on its various asset-backed securities (ABS). Stonebriar is an experienced ABS...
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February 24, 2020, 07:11 AM
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The Wuhan coronavirus is expected to have a minimal impact on aircraft lessor and ABS ratings in the near term given the relative diversity of customer bases, solid cash flow generation derived from long-term leases and the fact that current ratings...
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January 30, 2020, 07:20 AM
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Airline credit risk and heated competition in the leasing industry will test aircraft lessors' ability to adequately service asset-backed securities (ABS) in 2020, including repossessing and remarketing aircraft and placing them back on lease while...
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January 15, 2020, 07:15 AM
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Stonebriar Commercial Finance announced it has closed its fifth commercial equipment asset-backed securitization (ABS), SCFET 2019-1, a $650 million ABS issuance with top tranches rated triple A.SCFET 2019-1 is secured by a portfolio of commercial...
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April 11, 2019, 07:00 AM
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Stonebriar Commercial Finance, an independent large-ticket commercial finance company, announced it has allocated all bonds, confirmed pricing and is set to close its fifth commercial equipment asset-backed securitization (ABS), SCFET 2019-1, a $650...
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April 05, 2019, 07:25 AM
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Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, announced the closing of a 144a privately placed term asset-backed security (ABS) transaction (the 2018-2 transaction).The $251,673,000 financing was placed with...
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August 30, 2018, 07:20 AM
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The credit quality of loans originated in the US by so-called marketplace lenders and backing new asset-backed securities (ABS) is unlikely to change meaningfully in 2017, Moody’s Investors Service says in its just-published outlook for the sector....
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December 07, 2016, 06:52 AM
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Element Financial Corporation announced that the Company has closed the issuance of US$1.7 billion in term notes through Chesapeake Funding II LLC.This follows the previous issuance of US$1.5 billion in variable funding notes issued on December 16...
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January 04, 2016, 07:00 AM
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