The U.K. is one of the few countries in Europe where securitization remains a significant funding source for mortgage originators but cheap central bank funding schemes and renewed economic deterioration could crowd out issuance and push up arrears, according to a Standard & Poor's report.

Increased new issue volumes and near record lows in the consumer ABS spreads have led to slightly wider spreads in both the primary and secondary markets, according to two securitization market reports.

It's been a very active year for non-traditional ABS. Almost $19bn in issuance year to date; higher than the full year in this space for any year since 2007, according to figures reported by Barclays.

Kroll gave the $189.2-million A tranche of the $272.75 million transaction a ‘AAA (sf)’ rating.

Natixis will acquire McDonnell Investment Management, the Oak Brook, Illinois-based investment advisor with approximately $13.5 billion in assets under management, the company said today in a press release.

A buoyant primary market in securitizations in the auto sector could fuel a 47% annual growth in issuance in 2012, said Standard & Poor’s.

Two equipment trust deals from Macquarie Equipment Finance and General Electric Capital Corp. will add $257.6 million and $714.6mln respectively to the ABS primary pipeline this week.

Shellpoint Partners LLC today filed a shelf registration statement with the Securities and Exchange Commission to issue private label residential mortgage-backed securities.

Texas-based loans used as collateral in seasoned RMBS have a high weighted average coupon (WAC) given its housing market's stability.

S&P said that due to overlaps in exposure, synthetic collateralized debt obligations in Europe were at a heightened risk of synchronized ratings moves.

Moody’s Investors Service said Monday that it had given a provisional rating of ‘Aaa (sf)’ to roughly $750 million in a Nissan auto securitization.

The market’s reaction so far to Spain’s downgrade by Standard & Poor’s on October 10 has been “inadequate.”