Oct 17, 2016
Despite the ongoing, albeit modest, performance of European securitisation since the financial crisis, the market has undoubtedly suffered significantly in recent years. The history of securitisation, especially in the immediate pre-recessionary period in the US sub-prime mortgage market has led to high capital charges and harsh treatment under liquidity rules – with regulatory costs for holding securitisation paper several times higher than other similarly-rated products. As a result, new issuance levels continue to be low and participants are leaving the market.
Sep 26, 2016
Aircraft lessors around the world continue to benefit from increased air travel, strong airline profitability, low interest rates and generally accessible funding markets. Fitch Ratings' latest Aircraft Leasing Sector Review reports, however, these variables are cyclical in nature or prone to temporary disruption, limiting the potential for accompanying positive rating actions.
Wells Fargo completes acquisition of GE Capital’s Commercial Distribution Finance business in Australia and New Zealand
Aug 01, 2016
Wells Fargo has completed the purchase of the Australian and New Zealand segments of GE Capital’s Commercial Distribution Finance (CDF) business. The acquisition includes CDF assets, and 123 team members across five sites in Australia, along with CDF assets and seven team members across two sites in New Zealand.