Fund

KBRA assigns preliminary ratings to DT Auto Owner Trust 2021-4

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five categories of notes issued by DT Auto Owner Trust 2021-4 (“DTAOT 2021-4”), an asset-backed securitization secured by a pool of subprime auto loans. DTAOT 2021-4 will issue five classes of notes totaling $ 366.80 million, secured by approximately $ 350 …

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Visa crushes winnings; Mastercard on tap

Visa (V) topped fourth-quarter fiscal year earnings on Tuesday night, with rival payments giant MasterCard (MY) releasing third quarter results early Thursday. But Visa and Mastercard stocks fell. X Jefferies analysts said in an Oct. 22 note to customers that they expected mixed results due to the Covid-19 peak delta …

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Synchrony sees improvement in credit indicators

Synchrony Financial released third quarter results on Tuesday (October 19) which showed improving credit metrics, accelerating consumer spending, and increased traction on digital channels. Regarding the securities figures, adjusted earnings of $ 1.67 per share topped the Street at $ 1.49 per share. Consolidated revenue was $ 3.7 billion on …

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Marlette approaches market with third 2021 ABS for $ 319 million

Marlette Funding LLC returns to the securitization market with a deal that has many similarities to two somewhat larger deals that the sponsors structured earlier in 2021. Marlette Funding Trust 2021-3, valued at $ 319 million, is divided into four tranches, comprising $ 210 million of “AAA” rated bonds with …

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