Stonebriar Commercial Finance, a large-ticket independent diversified commercial finance and leasing company, announced it has closed its eighth asset-backed securitization (ABS), SCFET 2021-1. The ABS issuance is secured by a portfolio of commercial...
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March 04, 2021, 07:25 AM
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Stonebriar Commercial Finance announced it has closed its seventh commercial equipment asset-backed securitization (“ABS”), SCFET 2020-1, a $572 million ABS issuance with top tranches achieving the highest possible short-term and long-term ratings...
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August 20, 2020, 07:20 AM
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Ascentium Capital LLC announced the execution of a $375 million small-ticket equipment securitization of Ascentium Equipment Receivables Series 2019-1. Ascentium Capital’s 11th securitization involved 26 unique investors and again received AAA...
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April 24, 2019, 07:23 AM
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Moody’s Analytics announced CapX Partners, a Chicago-based equipment finance provider, has selected the Moody’s Analytics RiskCalc Small Business solution to streamline and simplify access to capital for small and medium-sized middle-market...
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January 25, 2019, 07:15 AM
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Moody's Investors Service upgraded Ritchie Bros. Auctioneers Incorporated's (RBA) corporate family rating (CFR), its probability of default rating, its senior secured rating and its senior unsecured rating to Ba3 from B2. The speculative grade...
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December 28, 2018, 07:12 AM
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Ascentium Capital LLC, the nation’s largest private-independent equipment finance company, announced the closing of the company’s tenth small ticket equipment securitization. The $343,711,000 securitization of Ascentium Equipment Receivables 2018-2...
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October 25, 2018, 07:20 AM
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The Securities and Exchange Commission announced Moody’s Investors Service Inc., one of the nation’s largest credit ratings agencies, has agreed to pay a total of $16.25 million in penalties to settle charges involving internal control failures and...
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August 29, 2018, 07:30 AM
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Ascentium Capital LLC issued a $330 million small ticket equipment securitization of Ascentium Equipment Receivables 2018-1 Trust. This represents the company’s ninth securitization since 2012 and the first time a non-investment grade, independent...
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April 26, 2018, 07:20 AM
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The credit quality of US equipment asset-backed securities (ABS) transactions will remain strong in the coming year, owing to the continued financial stability of the underlying obligors and growth in the macroeconomy, Moody's Investors Service says...
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December 08, 2017, 07:19 AM
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Moody's has published a comment in thier Credit Outlook that the announcement by the U.S. OCC that it would begin accepting special-purpose bank charter applications from fintech companies is credit positive for marketplace loan ABS.According to...
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December 09, 2016, 07:09 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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In a new report, Moody’s Investors Service examines several credit risks in securitizations backed by loans to small businesses which are originated by US marketplace lenders (MPLs) that focus on lending to businesses with less than $10 million in...
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September 14, 2016, 07:24 AM
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Underscoring the weak industry conditions which will likely continue through at least the third quarter of 2016, Moody's Investors Service changed its industry outlook to negative from stable, as deep and long-lasting declines in freight volumes...
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May 17, 2016, 07:05 AM
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