TIP Solar Raises $179.7 Million in ABS From Residential Solar, PPA Leases
TIP Solar, backed by GoodLeap’s residential solar leases and PPAs, has issued $179.7 million in asset‑backed securities. The ABS are collateralized by 7,812 leases held by Jaguar Solar Owner 2026‑1 and structured into A‑ and B‑tranches with anticipated repayments through March 2033 and final maturity in March 2056. Ratings of A‑ for the senior tranche and BBB‑ for the junior tranche reflect the deal’s credit enhancements, including over‑collateralization and a six‑month liquidity reserve. The transaction is slated to close on March 31, expanding financing options for the residential solar market.
Securitization's Unique AI Playbook, and What's Driving It
Finance chiefs report mounting board pressure to adopt AI, mirroring similar urgency in the securitization sector. ABS leaders, like Vervent’s David Johnson, argue AI adoption must deliver speed, transparency, and control, enabling faster tape‑to‑trade cycles, cleaner data, and scalable compliance....
Sprite to Issue $495 Million in Aviation ABS Notes
Sprite’s aviation securitization platform is launching a $495 million asset‑backed securities (ABS) program backed by lease contracts on 30 aircraft. The issuance comprises three fixed‑rate tranches with an anticipated repayment date in March 2033 and a final legal maturity in March 2041. World...
Scope Ratings Seeks Distinction by Incorporating Europe's Differences
Scope Ratings became the first European rating agency approved under the ECB's Eurosystem Credit Assessment Framework, allowing its ratings to be used as collateral in monetary‑policy operations. The firm differentiates itself by embedding the EU’s fragmented legal and market environments...
US Treasuries Slip as Rally Loses Steam on Steady Labor Data
U.S. Treasury yields edged higher on Tuesday, halting a recent rally as steady private‑payroll data reinforced expectations of a still‑robust labor market. The benchmark 10‑year yield closed at 4.06%, while the two‑year rose to 3.43%, reflecting market pricing of two...
ME Funding Raises $340.7 Million in ABS From Franchise Revenue
Massage Envy’s franchising arm, ME Funding, completed its third asset‑backed securities issuance, raising $340.7 million through the series 2026‑1 transaction. The deal comprises three note classes—A1LR, A1 VFN and A2—maturing in April 2056 and slated for a BBB‑ rating from KBRA. Collateral consists...
Vertical Bridge REIT Sells $1.9 Billion in Cell Tower ABS
Vertical Bridge Secured Tower Revenue Notes has issued the largest-ever cell‑tower asset‑backed securities (ABS) transaction, raising $1.9 billion. The offering consists of four tranches—classes C, D, M and R—backed by mortgages on 10,425 tower sites and additional collateral contributed by the...
Fannie Mae, Freddie Mac Add New Rate Buydown Disclosures
Fannie Mae and Freddie Mac will begin reporting loan‑level interest‑rate buydown information as a new attribute, L‑117, starting April 20 for MBS issued on or after May 1. The disclosures classify loans into five categories—moderate, significant, other, not applicable, and not available—using...
