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Issue 239 - 22nd June

  • News Analysis

    • Whole business securitisations

      • Knockout results

        Strong Punch performance as pubcos adapt to survive

        Punch Taverns has released its performance figures for the 12 weeks to 28 May, which indicate that the core unit is now in growth. Meanwhile, other pub whole business securitisation sponsors are looking to branch out in a bid to turn their own perfor...

    • CDS

      • Restructuring revisited

        Greek CDS fears allayed

        Fears that European regulators will attempt to restructure Greek debt without triggering CDS contracts appear to be overblown. While there has been speculation in the market that politicians were considering such a move, credit strategists stress tha...

    • ABS

      • Trading up

        Optimism seen in Euro secondary ABS, though challenges remain

        Liquidity issues continue to dog the European secondary ABS market. While Markit's new iBoxx ABS indices may help (SCI 8 June), a broader range of investors also needs to get involved in the sector. "There is a real bifurcation in the market betwee...

  • News

    • CMBS

      • Fund's CMBS strategy pays off

        Real Estate Credit Investments (RECI) - the permacap vehicle formerly known as Queens Walk Investments Limited - reports that its foray into real estate debt investment has proved successful, evidenced in part by seven consecutive...

    • RMBS

      • Servicer purchase threatens RMBS cashflows

        The change in servicing and advancing practices that will follow Ocwen Financial Corporation's purchase of Litton Loan Servicing may have a negative impact, according to Moody's. The agency has voiced concerns that payments will be diverted...

  • Job Swaps

      • Asset finance team added

        Clydesdale and Yorkshire Bank has expanded its corporate and structured finance services with the la...

      • ABS syndicate beefs up

        Kenneth Rosenberg has joined Barclays Capital's securitisation syndicate team, reporting to Brian Wi...

    • RMBS

      • MIAC acquisition completed

        Radian Asset Assurance has completed the acquisition of Municipal and Infrastructure Assurance Corpo...

  • News Round-up

      • SFA proposal scrutinised

        Fitch has commented on the recent proposal by the UK FSA to limit the use of the Supervisory Formula...

    • CMBS

      • DQT slips in May

        The delinquency rate on loans included in US conduit/fusion CMBS slipped by 4bp points in May to 9.1...

      • Delinquencies forecasted

        S&P has tested the theory that servicer watchlist data for CMBS can be an indicator of futur...

      • Second Walter deal prints

        Walter Investment Management has closed its second privately placed RMBS of the year (SCI 1 June) &a...


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