On 15 October, Moody's Investors Service assigned preliminary ratings to Allied Credit's inaugural asset-backed securities (ABS) deal, Allied Credit ABS Trust 2020-1, comprising marine, motorcycles and other equipment backed loan receivables. Total indicative volume for the transaction is A$200 million (US$142.7 million). Macquarie Bank and National Australia Bank were mandated to engage investors on 24 September.
