As of Dec. 31, 2023, according to Moody's, the portfolio's delinquency rate was higher than the rating agency had observed in ...

At least as important, said Raffi Dawson, head of SMBC Nikko's structured finance group, the firm's underwriting volume for ...

The concentration of borrowers with FICO scores below 700 decreased to 12.13% of the pool, and the contingent of managers and ...

The deal includes subordination in the form of class B notes, a rarity for whole business securitization deals.

Yields are expected to range from 6.3% on the AAA notes to 7.4% on the BBB notes, which are priced against the three-month ...

The securitization amount is smaller than an earlier transaction, and its AAA notes are expected to price at wider spreads ...

The current portfolio is secured by tax liens from municipalities in eight states and Washington, D.C., that have a ...

All four of the class A tranches benefit from total initial hard credit enhancement of 13.80%, while the B and C classes of ...

Note payments are linked to two tranched credit default swap (CDS) transactions, one related to the reference obligation ...

Under the capital structure the senior notes will be repaid on a pro rata basis. Otherwise, the notes in the structure will ...

Both pools have exposures to large dealers, so losses could be more pronounced if one dealer goes bankrupt, while both series ...

The capital structure features initial exchangeable notes among the class A, mezzanine and B1 notes. The super senior and ...