• Loans

    Auto loan approval ratings hit highest level since 2015

    It hasn’t been this easy to get a car loan in years. Why it matters: It comes amid a demand bonanza that got underway at the onset of the pandemic — when traveling by car became the more appealing mode of transportation. Car loan approval ratings are at the highest since 2015, according to Cox Automotive. What’s happening: Auto loans are getting cheaper and lengthier, two factors that lower monthly payments — what “most consumers are focusing on, more than anything else,” says Cox Automotive economist Jonathan Smoke. “Consumers have been consistently seeing better rates every month this year than  

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  • Loans With Collateral

    KBRA Assigns Preliminary Ratings to RRE 7 Loan Management DAC

    LONDON–(BUSINESS WIRE)–Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes issued by RRE 7 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds. RRE 7 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the “collateral manager”). The CLO will have a 4.4-year reinvestment period and a 14.4-year legal final. The ratings reflect initial credit enhancement levels, coverage tests including par value and interest coverage tests, excess spread, and a reinvestment overcollateralisation test.  

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  • Uncategorized

    Travel And Leisure Prime Listing Of Corporate Credit Ratings In Flux During Pandemic

    We a use persistent cookie for these visitors that’s used to further enhance the insights we receive from information collected from those business users. Ketchum Compass is our new digestible Q&A sequence that includes insights from travel/hospitality/leisure and country brand/investment promotion specialists across the globe to assist guide others within the industry in the right path or spark ideas. Featuring 5 rapid-fire questions, each Q&A provides an trade leader perspective to help you get to know somewhat in regards to the consultants who are driving their rebound. You may use your Facebook account to add a comment, topic to Facebook’s  

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  • Loans With Collateral

    KBRA Assigns Preliminary Ratings to RRE 2 Loan Management DAC

    LONDON–(BUSINESS WIRE)–Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes to be issued by RRE 2 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds. RRE 2 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the “collateral manager”). The CLO originally closed in June 2019. This transaction will reset the terms of the CLO, including the stated maturity, non-call period, reinvestment period, note interest rates and notional balances. Proceeds from the issuance  

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  • Loans With Collateral

    Apidos CLO XI — Moody’s assigns ratings to eight classes of CLO refinancing notes issued by Apidos CLO XI

    Rating Action: Moody’s assigns ratings to eight classes of CLO refinancing notes issued by Apidos CLO XIGlobal Credit Research – 29 Apr 2021New York, April 29, 2021 — Moody’s Investors Service (“Moody’s”) has assigned ratings to eight classes of CLO refinancing notes (the “Refinancing Notes”) issued by Apidos CLO XI (the “Issuer”).Moody’s rating action is as follows:U.S. $5,000,000 Class X-R3 Floating Rate Notes due 2034 (the “Class X-R3 Notes”), Assigned Aaa (sf)U.S. $246,500,000 Class A-R3 Floating Rate Notes due 2034 (the “Class A-R3 Notes”), Assigned Aaa (sf)U.S. $36,000,000 Class B-R3a Floating Rate Notes due 2034 (the “Class B-R3a Notes”), Assigned  

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  • Loans With Collateral

    KBRA Assigns Preliminary Ratings to Maranon Loan Funding 2021-1, Ltd.

    NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to seven classes of notes and one class of loans issued by Maranon Loan Funding 2021-1, Ltd., a cash flow collateralized loan obligation (CLO) back by a diversified portfolio of middle market corporate loans. Maranon Loan Funding 2021-1, Ltd. is managed by Maranon Capital, L.P. (Maranon or the collateral manager) and will have a four-year reinvestment period. The legal final maturity is on April 15, 2034. The ratings reflect initial credit enhancement levels, excess spread, and coverage tests including overcollateralization ratio and interest coverage tests. The collateral will  

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  • Unsecured Loans

    CRISIL Ratings: Why delinquencies for unsecured loans may go up regardless of asset classes

    While there will be an impact on collections and delinquencies, the impact should be lower than what we saw in Q1 of last year, says Krishnan Sitaraman, Senior Director, Crisil Ratings. The second Covid wave is intensifying and a challenge definitely lies in the unsecured loan segment. What is the total quantum of industry loans to unsecured books and is the underlying stress increasing or has it increased significantly?The second wave will bring forth challenges on the asset quality front and this is something which we were indicating a few months back as well. At that time,  

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  • Loans With Collateral

    KBRA Assigns Preliminary Ratings to WFCM 2021-C59

    NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 37 classes of WFCM 2021-C59, an $826.1 million CMBS conduit transaction collateralized by 63 commercial mortgage loans secured by 99 properties. The collateral properties are located throughout 47 MSAs, the largest three of which are Philadelphia (10.7{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb}), Detroit (9.3{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb}), and New York (8.9{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb}). The pool has exposure to all of the major property types, with three types representing more than 15.0{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} of the pool balance: office (36.2{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb}), retail (16.3{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb}), and industrial (15.7{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb}). The loans have principal balances ranging from $1.2 million  

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