EMEA Structured Finance Chart Book: June 2025
Jun 19, 2025 -… The sectors include: RMBS, ABS, CLOs, CMBS, and covered bonds. Download…
U.S. Structured Finance Chart Book: June 2025
Jun 18, 2025 -… The sectors include: RMBS, secured and non-traditional ABS, unsecured ABS and ABCP muni-structured, CLOs, and CMBS. Download…
Navigating Tariffs' Credit Implications Across Asset Classes
Jun 17, 2025 -… U.S. tariffs could also negatively affect commercial mortgage-backed securities' (CMBS) collateral . Ratings performance across the capital stack was already under stress, largely due to underperforming office assets and regional malls. …
Instant Insights: Key Takeaways From Our Research
Jun 13, 2025 -… 05/23/2025 Sovereigns Global Sovereign Debt 2025: Commercial Debt Will Reach A New Record High Of $77 Trillion 03/04/2025 Sovereigns Poland Credit FAQ: What Poland's Close Presidential Election Could Mean For Fiscal And Economic Policy 06/04/2025 Structured finance China Scenario Analysis: Why China ABS And RMBS Ratings Could Be Resilient To Tariff Risks 05/28/2025 Structured finance Europe European CMBS Break Through The Refinance Wall 06/04/2025 Structured finance Europe Tariff Effects On European Structured Finance Are Limited 05/23/2025 Structured finance Global ABS Frontiers: On The Ground With Pooled Ground Lease ABS 06/10/2025 Structured finance Global BSL CLO Primer 06/09/2025 Structured finance Global Inside Global ABCP 2025: A New Purpose Emerges 06/05/2025 Structured finance U.S. SF Credit Brief: U.S. CMBS Delinquency Rate Remained Unchanged At 6.1% In May 2025; Multifamily Rate Dropped To 4.2% 06/03/2025 Structured finance U.S. …
ABS Frontiers: On The Ground With Pooled Ground Lease ABS
Jun 10, 2025 -… In terms of the commercial mortgage-backed securities (CMBS) sector, mortgage loans secured by individual ground-leased properties have been securitized in the past and included within conduit and standalone transactions. ...For pooled ground lease transactions, unlike in a CMBS transaction, the cash flow collateral would be the ground leases themselves, and not loans secured by liens on ground-leased properties. ...Asset Quality A discussion of asset quality is perhaps where we'd expect to see similarities to our approach in the context of CMBS transactions and other structured finance asset classes. …
European CMBS Break Through The Refinance Wall
Jun 4, 2025 -… Related Research European CMBS Monitor Q1 2025 , April 30, 2025 European Annual CMBS Monitor 2024 , Feb. 4, 2025 UNITE (USAF) II PLC U.K. CMBS Rating Affirmed Following Review , Oct. 30, 2024 Taurus 2021-3 DEU DAC German CMBS Ratings Lowered On All Classes Of Notes , July 11, 2024 European CMBS Can Ride The Refinance Wave , April 11, 2024 Frost CMBS 2021-1 DAC EUR And GBP Notes Affirmed , July 13, 2023 Bruegel 2021 DAC Dutch CMBS Ratings Affirmed , June 29, 2023 DECO 2019-RAM DAC Class A And B U.K. CMBS Ratings Raised Following Note Prepayment , June 15, 2023 Taurus 2019-4 FIN DAC Finnish CMBS Ratings Lowered , May 23, 2023 Highways 2021 PLC U.K. …
Table Of Contents: S&P Global Ratings Credit Rating Models
Jun 2, 2025 -… PUBLIC FINANCE STRUCTURED FINANCE RATINGS: GENERAL STRUCTURED FINANCE RATINGS: ASSET-BACKED SECURITIES (ABS) STRUCTURED FINANCE RATINGS: COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) STRUCTURED FINANCE RATINGS: COVERED BONDS STRUCTURED FINANCE RATINGS: RESIDENTIAL MORTGAGE-BACKED SECURITIES (RMBS) STRUCTURED FINANCE RATINGS: STRUCTURED CREDIT An S&P Global Ratings model information document provides a summary description of a Ratings Model (a model that is used in the process of determining a Credit Rating) or a Criteria Model (a complex model that is based on advanced economic, financial, mathematical, or statistical methodologies used in the development of Criteria). ...PUBLIC FINANCE Charter School Criteria Scoring U.S. PUBLIC FINANCE CMBS Transaction Engine For USPF U.S. PUBLIC FINANCE Criteria Evaluation Engine U.S. ...Governments Credit Rating Model STRUCTURED FINANCE RATINGS: GENERAL STRUCTURED FINANCE Cash Flow Evaluator Engine STRUCTURED FINANCE Collateral Posting Requirements STRUCTURED FINANCE Foreign Exchange Rate STRUCTURED FINANCE Cashflow Analyzer STRUCTURED FINANCE WAFFLE for Mortgage Loans STRUCTURED FINANCE RATINGS: ASSET-BACKED SECURITIES (ABS) ABS Cash Flow - Arqiva / Arqiva PP Financing Plc ABS Commercial Paper Programwide Credit Enhancement - Global ABS Deal Analyzer Cash Flow - APAC Excluding Japan ABS Deal Analyzer Cash Flow - Auto Lease ABS Deal Analyzer Cash Flow - Auto Lease - EMEA ABS Deal Analyzer Cash Flow - Auto Loan ABS Deal Analyzer Cash Flow - Auto Loans - EMEA ABS Deal Analyzer Cash Flow - Consumer Loans ABS Deal Analyzer Cash Flow - Consumer Loans - EMEA ABS Deal Analyzer Cash Flow - Credit Cards ABS Deal Analyzer Cash Flow - Credit Cards - APAC & EMEA ABS Deal Analyzer Cash Flow - Dealer Floor Plan ABS Deal Analyzer Cash Flow - Equipment ABS Deal Analyzer Cash Flow - Equipment Lease - EMEA ABS Deal Analyzer Cash Flow - Student Loan ABS Inflation Indices ABS Income Contingent Repayment (ICR) Student Loans Third Party Credit and Cash Flow ABS Intex Cash Flow - Student Loans - (Third-Party) ABS Loss Projection Model ABS Loss Projection - North America ABS EMEA ABS WAC Compression And Prepayment Loss Model STRUCTURED FINANCE RATINGS: COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) CMBS Cash Flow CMBS Recovery Proceeds Estimate - European CMBS Transaction Engine STRUCTURED FINANCE RATINGS: COVERED BONDS COVERED BONDS Commercial Real Estate (CRE) COVERED BONDS Deal Analyzer Cash Flow - Structured Covered Bonds COVERED BONDS Monitor COVERED BONDS Repline Generator - Multicedulas CRE Assets - Spain COVERED BONDS Repline Generator - Multicedulas Residential Assets - Spain COVERED BONDS Repline Generator - Residential & CRE Assets - Spain STRUCTURED FINANCE RATINGS: RESIDENTIAL MORTGAGE-BACKED SECURITIES (RMBS) RMBS European RMBS – Data Quality Assessment RMBS Cohort Report - U.S. …
Tariff Effects On European Structured Finance Are Limited
May 23, 2025 -… This would be credit positive for mortgage-backed structured finance. CMBS: Exposed to corporate tenants and further declines in real estate values The potential reshuffling of international trade flows could have direct implications for some of the property types that back European CMBS. ...Indirect effects that could hamper the CMBS sector include a wider deterioration in macroeconomic fundamentals. ...We also note that the office CMBS sector's exposure to lease rollovers and near-term loan maturities is significant. …
U.S. Structured Finance Chart Book: May 2025
May 23, 2025 -… The sectors include: RMBS, secured and non-traditional ABS, unsecured ABS and ABCP muni-structured, CLOs, and CMBS. Download…
New Issue: Sage AR Funding 2025 No.1 PLC
May 20, 2025 -… Sage AR Funding 2025 No.1 is a CMBS transaction backed by a loan secured on a portfolio of 2,123 social housing units located in England. …
EMEA Structured Finance Chart Book: June 2025
Jun 19, 2025 -… The sectors include: RMBS, ABS, CLOs, CMBS, and covered bonds. Download…
U.S. Structured Finance Chart Book: June 2025
Jun 18, 2025 -… The sectors include: RMBS, secured and non-traditional ABS, unsecured ABS and ABCP muni-structured, CLOs, and CMBS. Download…
Navigating Tariffs' Credit Implications Across Asset Classes
Jun 17, 2025 -… U.S. tariffs could also negatively affect commercial mortgage-backed securities' (CMBS) collateral . Ratings performance across the capital stack was already under stress, largely due to underperforming office assets and regional malls. …
Instant Insights: Key Takeaways From Our Research
Jun 13, 2025 -… 05/23/2025 Sovereigns Global Sovereign Debt 2025: Commercial Debt Will Reach A New Record High Of $77 Trillion 03/04/2025 Sovereigns Poland Credit FAQ: What Poland's Close Presidential Election Could Mean For Fiscal And Economic Policy 06/04/2025 Structured finance China Scenario Analysis: Why China ABS And RMBS Ratings Could Be Resilient To Tariff Risks 05/28/2025 Structured finance Europe European CMBS Break Through The Refinance Wall 06/04/2025 Structured finance Europe Tariff Effects On European Structured Finance Are Limited 05/23/2025 Structured finance Global ABS Frontiers: On The Ground With Pooled Ground Lease ABS 06/10/2025 Structured finance Global BSL CLO Primer 06/09/2025 Structured finance Global Inside Global ABCP 2025: A New Purpose Emerges 06/05/2025 Structured finance U.S. SF Credit Brief: U.S. CMBS Delinquency Rate Remained Unchanged At 6.1% In May 2025; Multifamily Rate Dropped To 4.2% 06/03/2025 Structured finance U.S. …
ABS Frontiers: On The Ground With Pooled Ground Lease ABS
Jun 10, 2025 -… In terms of the commercial mortgage-backed securities (CMBS) sector, mortgage loans secured by individual ground-leased properties have been securitized in the past and included within conduit and standalone transactions. ...For pooled ground lease transactions, unlike in a CMBS transaction, the cash flow collateral would be the ground leases themselves, and not loans secured by liens on ground-leased properties. ...Asset Quality A discussion of asset quality is perhaps where we'd expect to see similarities to our approach in the context of CMBS transactions and other structured finance asset classes. …
European CMBS Break Through The Refinance Wall
Jun 4, 2025 -… Related Research European CMBS Monitor Q1 2025 , April 30, 2025 European Annual CMBS Monitor 2024 , Feb. 4, 2025 UNITE (USAF) II PLC U.K. CMBS Rating Affirmed Following Review , Oct. 30, 2024 Taurus 2021-3 DEU DAC German CMBS Ratings Lowered On All Classes Of Notes , July 11, 2024 European CMBS Can Ride The Refinance Wave , April 11, 2024 Frost CMBS 2021-1 DAC EUR And GBP Notes Affirmed , July 13, 2023 Bruegel 2021 DAC Dutch CMBS Ratings Affirmed , June 29, 2023 DECO 2019-RAM DAC Class A And B U.K. CMBS Ratings Raised Following Note Prepayment , June 15, 2023 Taurus 2019-4 FIN DAC Finnish CMBS Ratings Lowered , May 23, 2023 Highways 2021 PLC U.K. …
Table Of Contents: S&P Global Ratings Credit Rating Models
Jun 2, 2025 -… PUBLIC FINANCE STRUCTURED FINANCE RATINGS: GENERAL STRUCTURED FINANCE RATINGS: ASSET-BACKED SECURITIES (ABS) STRUCTURED FINANCE RATINGS: COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) STRUCTURED FINANCE RATINGS: COVERED BONDS STRUCTURED FINANCE RATINGS: RESIDENTIAL MORTGAGE-BACKED SECURITIES (RMBS) STRUCTURED FINANCE RATINGS: STRUCTURED CREDIT An S&P Global Ratings model information document provides a summary description of a Ratings Model (a model that is used in the process of determining a Credit Rating) or a Criteria Model (a complex model that is based on advanced economic, financial, mathematical, or statistical methodologies used in the development of Criteria). ...PUBLIC FINANCE Charter School Criteria Scoring U.S. PUBLIC FINANCE CMBS Transaction Engine For USPF U.S. PUBLIC FINANCE Criteria Evaluation Engine U.S. ...Governments Credit Rating Model STRUCTURED FINANCE RATINGS: GENERAL STRUCTURED FINANCE Cash Flow Evaluator Engine STRUCTURED FINANCE Collateral Posting Requirements STRUCTURED FINANCE Foreign Exchange Rate STRUCTURED FINANCE Cashflow Analyzer STRUCTURED FINANCE WAFFLE for Mortgage Loans STRUCTURED FINANCE RATINGS: ASSET-BACKED SECURITIES (ABS) ABS Cash Flow - Arqiva / Arqiva PP Financing Plc ABS Commercial Paper Programwide Credit Enhancement - Global ABS Deal Analyzer Cash Flow - APAC Excluding Japan ABS Deal Analyzer Cash Flow - Auto Lease ABS Deal Analyzer Cash Flow - Auto Lease - EMEA ABS Deal Analyzer Cash Flow - Auto Loan ABS Deal Analyzer Cash Flow - Auto Loans - EMEA ABS Deal Analyzer Cash Flow - Consumer Loans ABS Deal Analyzer Cash Flow - Consumer Loans - EMEA ABS Deal Analyzer Cash Flow - Credit Cards ABS Deal Analyzer Cash Flow - Credit Cards - APAC & EMEA ABS Deal Analyzer Cash Flow - Dealer Floor Plan ABS Deal Analyzer Cash Flow - Equipment ABS Deal Analyzer Cash Flow - Equipment Lease - EMEA ABS Deal Analyzer Cash Flow - Student Loan ABS Inflation Indices ABS Income Contingent Repayment (ICR) Student Loans Third Party Credit and Cash Flow ABS Intex Cash Flow - Student Loans - (Third-Party) ABS Loss Projection Model ABS Loss Projection - North America ABS EMEA ABS WAC Compression And Prepayment Loss Model STRUCTURED FINANCE RATINGS: COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) CMBS Cash Flow CMBS Recovery Proceeds Estimate - European CMBS Transaction Engine STRUCTURED FINANCE RATINGS: COVERED BONDS COVERED BONDS Commercial Real Estate (CRE) COVERED BONDS Deal Analyzer Cash Flow - Structured Covered Bonds COVERED BONDS Monitor COVERED BONDS Repline Generator - Multicedulas CRE Assets - Spain COVERED BONDS Repline Generator - Multicedulas Residential Assets - Spain COVERED BONDS Repline Generator - Residential & CRE Assets - Spain STRUCTURED FINANCE RATINGS: RESIDENTIAL MORTGAGE-BACKED SECURITIES (RMBS) RMBS European RMBS – Data Quality Assessment RMBS Cohort Report - U.S. …
Tariff Effects On European Structured Finance Are Limited
May 23, 2025 -… This would be credit positive for mortgage-backed structured finance. CMBS: Exposed to corporate tenants and further declines in real estate values The potential reshuffling of international trade flows could have direct implications for some of the property types that back European CMBS. ...Indirect effects that could hamper the CMBS sector include a wider deterioration in macroeconomic fundamentals. ...We also note that the office CMBS sector's exposure to lease rollovers and near-term loan maturities is significant. …
U.S. Structured Finance Chart Book: May 2025
May 23, 2025 -… The sectors include: RMBS, secured and non-traditional ABS, unsecured ABS and ABCP muni-structured, CLOs, and CMBS. Download…
New Issue: Sage AR Funding 2025 No.1 PLC
May 20, 2025 -… Sage AR Funding 2025 No.1 is a CMBS transaction backed by a loan secured on a portfolio of 2,123 social housing units located in England. …