Off and on since 2013, Egan-Jones Ratings Company has sought certification from the SEC for ratings of ABS. Last week, the SEC denied the latest application from the rating service.

Preferred equity and residual-interest debt financing are increasingly being used in ABS and CLO transactions.

Blackstone ranked as the top sponsor of CLO and CDO issued in the first six months of 2026, although Benefit Street Partners and Elmwood Asset Management both had bigger second quarters. (Includes two data files.)