KBRA Releases Research – Rise in Credit Union Auto Securitizations
2024年5月10日 - 4:00AM
ビジネスワイヤ(英語)
KBRA releases a report that examines how some credit unions are
turning to the ABS market. Credit unions have traditionally sourced
funding through member deposits, wholesale borrowings and, to a
lesser extent, through loan-participation sales and alternative
sources such as repurchase agreements and committed lines of
credit. However, with pressure on credit unions’ balance sheets and
liquidity concerns due to higher interest rates, some of these
not-for-profit financial institutions are turning to the ABS market
for sources of liquidity, using securitization to bolster their
liquidity profile while diversifying funding options. Credit unions
have issued 12 auto loan ABS transactions totaling $3.6 billion
since 2019, with the majority pricing in 2023 ($2 billion in seven
transactions).
Click here to view the report.
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About KBRA
KBRA is a full-service credit rating agency registered in the
U.S., the EU, and the UK, and is designated to provide structured
finance ratings in Canada. KBRA’s ratings can be used by investors
for regulatory capital purposes in multiple jurisdictions.
Doc ID: 1004240
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version on businesswire.com: https://www.businesswire.com/news/home/20240509356502/en/
Brian Ford, Head of Structured Finance Research +1 646-731-2329
brian.ford@kbra.com
Brajean Ramos, Senior Analyst +1 646-731-2417
brajean.ramos@kbra.com
Kaci Emrich, Analyst +1 646-731-1216 kaci.emrich@kbra.com
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Rosemary Kelley, Senior Managing Director, Head of Structured
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rosemary.kelley@kbra.com