S&P

Monday, 19 December 2016
Dec/Jan 2016/17

Australia avoids immediate sovereign downgrade following mid-year update

S&P Global Ratings (S&P) stayed its hand on Australia's sovereign rating following the release of the Commonwealth's mid-year economic and fiscal outlook (MYEFO) on December 19. The rating agency maintains the negative outlook on Australia's triple-A rating, while both Moody's Investors Service (Moody's) and Fitch Ratings (Fitch) are retaining stable triple-A ratings on the Australia sovereign.

Monday, 30 September 2019

Preliminary rating assigned for Mercedes-Benz Australia's ABS deal

On 30 September, S&P Global Ratings assigned a preliminary rating to Mercedes-Benz Financial Services Australia (Mercedes-Benz Australia)'s asset-backed securities (ABS) deal, Silver Arrow Australia 2019-1. Indicative total volume for the transaction is A$580 million (US$391.9 million). ANZ and MUFG Securities were mandated on 24 September to engage investors.

Thursday, 26 September 2019
Oct/Nov 2019 Nonbank Supplement

Nonbank mythbusting

The nonbank lending sector represents a significant portion of the Australian securitisation market. While the volume and frequency of deals indicates an increasing level of investor comfort with the sector, myths pertaining to nonbanks’ lending practices persist and could inhibit future funding growth.

Monday, 16 September 2019

Bluestone's Sapphire XXII Series 2019-2 RMBS deal assigned expected ratings

On 16 September, S&P Global Ratings released preliminary ratings for Bluestone Group (Bluestone)'s residential mortgage-backed securities (RMBS) deal, Sapphire XXII Series 2019-2. Moody's Investors Service revealed its expected ratings for the deal on 9 September. Total indicative volume for the transaction is A$450 million (US$309.3 million).

Monday, 26 August 2019

Expected ratings assigned to MyState Bank RMBS deal

On 26 August, expected ratings were assigned by S&P Global Ratings to MyState Bank’s potential residential mortgage-backed securities (RMBS) deal, ConQuest 2019-2 Trust. The deal has indicative total volume of A$400 million (US$269.5 million).

Monday, 19 August 2019

Macquarie Bank has ratings assigned to RMBS refinancing

On 19 August, S&P Global Ratings (S&P) assigned AAA preliminary ratings to the Class A-R and Class B1-R notes from Macquarie Bank's residential mortgage-backed securities (RMBS) refinancing, Puma Series 2014-4P. According to S&P, the pool has a balance of A$301.1 million (US$204.2 million) as of June 2019.

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