ABS

  • SCI: 20 years on

    Richard Robb, ceo of CRC, recalls how SCI has evolved alongs...

    Every thriving industry co-evolves alongside its lead publication. Wall Street has its Journal, advertising has AdAge, and we have Structured Credit Investor. An authoritative forum for news, analysis, data and awards – it makes our industry feel more … real.

    A lot has changed since SCI launched, but then again, 20 years is a long time. Looking .......

    Talking Point 6 August 2026

  • Hodge Bank acquires Blue Motor Finance in pre-pack administration deal

    Transaction secures continuity for Blue's lending and securi...

    Hodge Bank has acquired the operating business of Blue Motor Finance through a pre-pack administration, in a deal that market participants say highlights the growing impact of the UK's motor finance commission redress regime on specialist lenders and securitisation issuers.

    The transaction follows mounting financial pressure on Blue Motor Finance after the UK's Financial Conduct Authority announced its proposed motor .......

    News 6 August 2026

  • Edge Focus closes fifth ABS deal, eyes auto credit next

    With its latest consumer ABS deal in hand, the firm looks to...

    Edge Focus has closed its fifth ABS securitisation, a US$100m pre-funded transaction backed by unsecured consumer loans. The deal, EDGEX 2026-1NN, follows the firm's EDGEX 2026-PT1 and PT2 pass-through deals from March.

    Unlike the pass-through deals earlier this year, 2026-1NN uses a pre-funded format, a structure Edge Focus first tested twice in 2025 before returning to it here. .......

    News 6 August 2026

  • Europe's lending rebound fuels next wave of SRTs

    Loan growth is rebuilding securitisation collateral, but EU...

    European loan growth is rebuilding the pool of assets available for securitisation, but the more immediate effect may be stronger significant risk transfer activity as banks prioritise capital efficiency over straightforward funding needs.

    European banks entered 2026 with improving earnings momentum, supported by stabilising net interest margins, stronger lending and continued fee-income growth, according to Morningstar DBRS. The rating agency expects .......

    News Analysis 5 August 2026

  • Transformation and turbulence

    Readers recall the key events over SCI's first 20 years

    The first issue of Structured Credit Investor was published this week in 2006 and since then the publication has provided structured credit news and analysis to the buyside through ever-changing times. SCI has documented not only the evolution of the securitisation markets over the last 20 years, but also the broader transformation of risk transfer and capital formation across .......

    Talking Point 4 August 2026

  • Shaking off SEC shackles

    Data centre deals now free of compliance with ABS Exchange Act

    Sponsors of data centre securirisations will enjoy less costly and smoother access to the capital markets as a result of last week’s (July 29) ruling by the Securities and Exchange Commission (SEC) that such transactions fall outside the scope of the 1934 Exchange Act.

     

    News Analysis 4 August 2026

  • Junior risk-off spreads across European securitisation market

    SCIx fixings show double-B widening turns universal in June, as senior spreads diverge by sector

    The latest SCI Composite Index (SCIx) fixings show broad-based widening across the stack, a reversal from last month’s broad tightening, with two exceptions among the senior tranches.

    Today’s monthly figures show junior risk-off sentiment went from isolated to universal across the European public securitisation markets. Last month, double-B widening was limited to the auto ABS sector, while CLO, RMBS, and Consumer .......

    News Analysis 4 August 2026

  • Job swaps weekly: Blackstone appoints successor to Leonard

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Blackstone appointing a successor to outgoing European head of liquid credit strategies Alex Leonard. Elsewhere, SMBC Group has appointed a new head of its EMEA securitised products group syndicate, while Simpson Thacher & Bartlett has named a new London-based partner in its European finance and capital markets group.

    Market Moves 31 July 2026

  • The independent director myth: structured finance's most convenient governance fiction

    Peterson Frederick, chairman and interim ceo of Northern Pro...

    The ‘independent’ director on an SPV’s board is picked, paid and can be replaced by the very firm administering the vehicle they’re meant to police. Structured finance has spent three decades treating that as normal. It shouldn’t.

    Every offering memorandum carries the same reassuring line: the Issuer’s board includes an independent director. Investors read it and move on. .......

    Talking Point 30 July 2026

  • SCI In Conversation Podcast: Kate Galustian, BlackRock

    We discuss the hottest topics in securitisation today...

    In this episode of SCI In Conversation, SCI senior reporter Camilla Vitanza sits down with BlackRock's head of ABS, Kate Galustian, to discuss the firm's Global Securitized Fund. Galustian outlines the outlook for securitised markets, where the team is finding value across structured credit, and why active security selection remains a key driver of performance in today's market.

    News Analysis 29 July 2026

  • Aircraft delivery delays drive innovation in Carlyle's latest ABS

    Fitch says AASET 2026-1 demonstrates how issuers are adaptin...

    Carlyle Aviation Partners' $717.4 mn AASET 2026-1 transaction highlights how aircraft ABS issuers are adapting financing structures to cope with persistent aircraft delivery delays, while continued investor demand is supporting innovation in the sector, according to Fitch Ratings.

    The all-narrowbody securitisation, issued through the AASET 2026-1 Trust, is Carlyle's latest aircraft ABS and follows the launch of its master trust .......

    News Analysis 29 July 2026

  • Recovery bonds surging

    SoCal Ed settles, deals for West Virginia and Virginia loom

    The US$1.95bn recovery bond from SoCal Edison settled today (July 28), after pricing seven days ago, and a sizeable US$2.6bn joint offering from Appalachian Power and Wheeling Power is likely to price after Labor Day, say well-placed market sources.

    This .......

    News 28 July 2026

  • Delphinus deal reflects homogeneous owner-occupied Dutch RMBS market, Fitch says

    Fitch says the deal reflects the increasingly standardised n...

    Rabobank and a.s.r.'s Delphinus 2026-I RMBS, backed by mortgages from the former Aegon business, illustrates the standardised nature of the Dutch owner-occupied RMBS market, where tighter underwriting standards, seasoned collateral and steadily low prepayments continue to support credit performance, according to Fitch Ratings.

    Delphinus 2026-I marks the first securitisation of mortgages originated by the former Aegon mortgage business since .......

    News 27 July 2026

  • Job swaps weekly: Barings, HSBC and MUFG make key hires

    People moves and key promotions in securitisation

    This week's roundup of people moves sees Barings complete the integration of Gryphon Capital Investments with the appointment of Pete Robinson to its Australian ABF team, while Moelis has expanded its structured products franchise in New York and CLO industry veteran Herman Guelovani has announced his retirement from Aegon Asset Management. Elsewhere, HSBC has strengthened its structured finance business .......

    Market Moves 24 July 2026

  • ABF Deal Digest: Octane re-ups AB CarVal forward flow

    A weekly roundup of private asset-backed financing activity

    This week’s roundup of ABF activity sees Octane execute a US$750m forward flow agreement with funds managed by AB CarVal, with the option to upsize to US$1.125bn by mutual agreement. Elsewhere, Parafin has closed a US$300m forward flow agreement with an undisclosed New York-based alternative asset manager, while Monroe Capital and AIP Capital have closed an aircraft ABS.

    Under .......

    News 23 July 2026

  • Banks reshape the narrative in Q2 securitisation hires

    Latest SCI Analytics Quarterly Job Swaps Report shows ABF do...

    ABF continued its winning streak in 2Q2026, dominating 60% of all hires at mid-, senior- and C-suite-level, according to data captured in the latest SCI Analytics Quarterly Job Swaps Report.

    The broader structured finance market has similarly continued to thrive as we reached the midpoint of the year. SCI captured 105 moves during 2Q2026, an 18% increase on .......

    News Analysis 23 July 2026

  • BNPL's rapid European growth sparks fresh ABS opportunity

    KKR's PayPal-backed deal and Klarna's German financing facil...

    Europe's buy-now-pay-later sector is expanding at pace, laying groundwork for a new securitisation asset class. KKR last week priced Alps Partners Germany ABS 2026-1, marking the first public BNPL ABS.

    The €500m transaction is secured by 1.56 million receivables originated under KKR's forward flow agreement with PayPal. The €450m class A notes printed at one-month .......

    News 22 July 2026

  • Job swaps weekly: Private credit firm Vertis hires capital formation lead, Blackstone expands in London

    People moves and key promotions in structured credit

    This week’s roundup of structured credit job swaps sees Vertis hiring a head of capital formation, Wilmington Trust hiring a structured finance transaction manager and Fitch Ratings appointing a md to leads its North American asset-backed securities team.

    Rune Sanbeck has joined Vertis as partner and head of capital formation. He will lead all fundraising across the platform, including .......

    Market Moves 17 July 2026

  • Valuations are becoming private credit's operating test

    Kanav Kalia, md at Oxane Partners, argues that firms best po...

    Private credit is entering a new phase, and valuations are where that change is becoming impossible to ignore. For years, the industry operated on quarterly cycles, spreadsheet-driven models and marks that were good enough for a slower, more institutionally contained market. That is no longer the environment in which funds, banks or asset owners are operating.

    Retail capital .......

    Talking Point 14 July 2026

  • SCI in Focus: How Angle Auto Finance puts Australian auto ABS on the global map

    Regular issuance, prime auto collateral and a diversified in...

    Angle Auto Finance has built its global ABS profile over the last five years through its Panorama Auto Trust programme, as global investors increase their exposure to Australia’s expanding non-bank auto finance sector.

    The firm’s most recent public transaction, Panorama Auto Trust 2026-1, was a A$1.0bn Auto ABS backed by a pool of prime fixed-rate first-ranking charge auto .......

    Talking Point 10 July 2026

  • Market details emerge on Spanish consumer loan SRT backed by public guarantee

    SRT market update

    SRT Market Update 9 July 2026
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