S&P lost a little market share in rating newly issued ABS but remained the top provider in the first quarter. Fitch had a similar experience in the non-agency MBS market. (Includes two data tables.)

S&P Global Ratings has updated its ratings methodology for data center ABS to better account for property values and insurance risks.

As AI becomes ubiquitous in both the origination and securitization of loans, the U.S. regulatory framework is likely to evolve closer to the stricter rules used in the European Union.

Nearly 34,000 leases for equipment finance are set to go into a new securitization from ClickLease. The firm focuses on lending to subprime and near-prime borrowers.

The SEC or another federal entity should map credit ratings among competing rating services, similar to efforts by regulators in other countries, according to Morningstar. The firm said rating mapping can help keep competition strong among rating services.

Esoteric assets such as data centers and HEIs have seen increased investor interest due to higher interest rates.

The $3.4 billion whole-business securitization received a preliminary BBB rating from Kroll Bond Rating Agency.

The top three bank ABS investors reported a combined 12% decline in their holdings during the first quarter. But ABS investment was up at PNC Bank, Capital One and Radius Bank. (Includes two data tables.)

Delinquencies and losses on subprime auto ABS have been rising. Improved underwriting and inflation leveling out could help improve performance, according to industry analysts.

Computershare recently started offering trustee services for MBS. Western Alliance was named as a trustee for a CLO deal.