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Last updated on April 16, 2014 at 7:25 EDT

Latest Securitization Stories

2014-02-27 23:29:08

Moody’s and DBRS have confirmed and upgraded securities from two series of the LEAF Asset Backed Securitizations (“ABS”). Philadelphia, PA (PRWEB) February 27, 2014 Philadelphia, PA—February 27, 2014—LEAF Commercial Capital, Inc. (“LEAF”) an independent equipment leasing and financing company headquartered in Philadelphia, PA, has announced that Moody’s and DBRS have confirmed and upgraded securities from two series of the LEAF Asset Backed Securitizations (“ABS”)....

2014-02-13 16:29:41

DEERFIELD, Ill., Feb. 13, 2014 /PRNewswire/ -- For the quarter ended December 31, 2013, United Stationers (NASDAQ: USTR) today announced that net income was $34.1 million, or $0.85 per share, compared with $32.9 million, or $0.81 per share, in 2012. The results include a non-deductible asset impairment charge of $1.2 million, or $0.03 per share, related to the company's investment in a managed print services business; and a benefit of $1.3 million, or $0.02 per share, from a partial...

2014-01-29 20:20:21

IRVING, Texas, Jan. 29, 2014 /PRNewswire/ -- Exeter Finance Corp. (the Company) today announced that EFCAR, LLC, a special purpose Delaware limited liability company and wholly owned subsidiary of the Company, priced $650 million in aggregate principal amount Series 2014-1 automobile receivable backed notes, which will be issued in four separate tranches. The class A notes were rated AAA/AA by DBRS and Standard & Poor's, respectively, while the remaining three tranches were rated...

2014-01-28 08:20:52

DEARBORN, Mich., Jan. 28, 2014 /PRNewswire/ -- Ford Motor Credit Company reported a pre-tax profit of $1.8 billion in 2013, compared with $1.7 billion a year earlier. The improvement was more than explained by higher volume, primarily in North America, driven by an increase in leasing reflecting changes in Ford's marketing programs, as well as higher non-consumer finance receivables due to higher dealer stocks. Partial offsets were higher credit losses due to lower credit loss reserve...

2014-01-28 08:20:24

DEARBORN, Mich., Jan. 28, 2014 /PRNewswire/ -- -- Full year 2013 pre-tax profit of $8.6 billion, an increase of $603 million from a year ago, was one of Ford's best years ever; full year earnings per share of $1.62, an increase of 21 cents per share compared with a year ago -- Full year net income of $7.2 billion, or $1.76 per share, including pre-tax special item charges of $1.6 billion and favorable tax special items of $2.2 billion --...

2013-12-20 08:20:22

- Navistar reports net loss of $154 million on revenues of $2.8 billion LISLE, Ill., Dec. 20, 2013 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced a fourth quarter 2013 net loss of $154 million, or $1.91 per diluted share, compared to a fourth quarter 2012 net loss of $2.8 billion, or $40.13 per diluted share. (Logo: http://photos.prnewswire.com/prnh/20120127/MM32830LOGO-a) Current quarter results include an income tax benefit of $220 million related to an...

2013-12-11 12:24:00

NEW YORK, Dec. 11, 2013 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned Sabal Financial Group, L.P. (Sabal) its 'MOR CS3' ranking as a commercial mortgage primary servicer and its 'MOR CC3' ranking as a construction loan servicer and special servicer. The forecast for all assigned rankings is Stable. The assigned rankings reflect Morningstar Credit Ratings' assessment of Sabal's operational infrastructure and portfolio administration capabilities. In particular, the assigned...

2013-12-03 08:21:59

IRVINE, Calif., Dec. 3, 2013 /PRNewswire/ -- CarFinance Capital LLC, a leading auto-finance provider, today announced that it has completed its second rated asset-backed securitization of $304 million of Notes in a transaction that closed on October 24, 2013. The Offered Notes were assigned ratings by Standard & Poor's Ratings Services ("S&P"), Moody's Investor Services, Inc. ("Moody's") and Kroll Bond Rating Agency, Inc ("KBRA"). The senior class of Offered Notes were rated...

2013-11-19 16:26:12

PITTSBURGH, Nov. 19, 2013 /PRNewswire/ -- Mylan Inc. (Nasdaq: MYL) today announced the pricing of a registered offering of aggregate principal amount of $2.0 billion in bond issuance comprised of: -- $500 million aggregate principal amount of 1.35% Senior Notes due 2016; -- $500 million aggregate principal amount of 2.55% Senior Notes due 2019; -- $500 million aggregate principal amount of 4.20% Senior Notes due 2023; and -- $500 million aggregate principal...

2013-11-05 08:21:14

NEW YORK, Nov. 5, 2013 /PRNewswire/ -- -- Third quarter 2013 net income of $91 million -- Core pre-tax income of $271 million, excluding repositioning items -- Significantly improved cost of funds, excluding OID, declining 57 bps year-over-year -- Net financing revenue, excluding OID, up 46 percent year-over-year -- Auto: U.S. earning assets up 8 percent year-over-year; U.S. consumer financing originations at $9.6 billion -- Ally Bank:...