S&P Global Ratings’ structured finance podcast and the credit events of your day. Tune in as your hosts Jim Manzi and Tom Schopflocher explore hot topics across the structured finance and global markets.
Latest episodes
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13 min
France And Germany Lead The Covered Bond Issuance Rebound
In 2022, European covered bond issuance reached levels unseen since 2011, with the French and German markets leading the way. We're joined by analysts Denitsa Carouget and Casper A…
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12 min
Back In The Office? Uneven Global Sector Recovery
We're joined by analyst Ana Lai and co-host Jim Manzi to discuss the global office sector’s uneven recovery post-pandemic. We dive into the vacancy rates in different regions aroun…
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11 min
A Comparative Overview Of U.S. And European BSL CLOs
Analysts Daniel Hu, Rebecca Mun, and Abhijit Pawar join us to discuss U.S. and European BSL CLOs. First, we give a recap of a CLO panel at a recent S&P Global Ratings-hosted Europe…
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9 min
The First 'AAA (sf)' Rating Assigned To Chinese Consumer Finance ABS
On July 28, 2023, S&P Global Ratings assigned its 'AAA (sf)' rating to the class A notes of Anyihua 2023 Phase III Personal Consumption Loan Asset Backed Securities, the first 'AAA…
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9 min
Covered Bonds Could Ease The Pain In European Commercial Real Estate
We're joined by credit analysts Casper Andersen to discuss how covered bonds could ease the pain in European commercial real estate (CRE), which has been struggling with inflation…
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12 min
Covered Bonds Take On Rising Pressures In Sweden, Norway, and Finland
We're joined by credit analysts Andrew South and Casper Andersen to discuss covered bonds in Sweden, Norway, and Finland. Sweden has been experiencing rapidly rising consumer price…
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9 min
Inside Global ABCP: Issuance Trends, Impact Of Recent Banking Events, And Alternative Financing Arrangements
We're joined by credit analysts Dev Vithani, Joshua Saunders, and Maxime Pontois to discuss some of the alternative financing arrangements that are on an uptick in the asset-backed…
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9 min
A Look At Rising U.S. BSL CLO 'CCC' Basket Scenarios And Their Effects On Junior O/C Test Cushions
We're joined by CLO Sector Lead Stephen Anderberg and credit analyst Daniel Hu to discuss how rising U.S. broadly syndicated loan (BSL) CLO 'CCC' baskets could affect junior overco…
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13 min
European CMBS In A Rising Rate Environment
We're joined by Mathias Herzog to discuss how the risk for the commercial real estate (CRE) loans we monitor in European CMBS has shifted to refinancing risk from term risk due to…
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10 min
China Structured Finance 2023 Outlook
Our host, Tom Schopflocher, is joined by Hong Kong-based lead analyst Andrea Lin to discuss our 2023 securitization outlook for China. We begin by recapping the broad Structured Fi…
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13 min
Navigating Through A Softening U.S. Residential Mortgage And Housing Market In 2023
Our host, Tom Schopflocher, is joined by U.S. RMBS Sector Lead Jeremy Schneider discuss our 2023 U.S. residential mortgage and housing outlook. With the U.S. housing and mortgage m…
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5 min
Global Structured Finance 2023 Outlook
Our hosts Tom Schopflocher and James Manzi get together to discuss our 2023 global structured finance outlook. Global structured finance issuance fell about 29% in 2022, and the de…
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10 min
Insights Into The Danish And German Covered Bond Markets
Expanding on our covered bond market coverage, Casper Andersen joins us to provide some insights into the Danish and German markets, which are the largest and second-largest in Eur…
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11 min
Packaging Fast Food For A Recession: Whole Business Securitization Risks In 2023
We’re joined by Structured Finance analyst Christine Dalton, who gives her insights into the overall U.S. whole business securitization (WBS) sector, and by Corporates analyst Sara…
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14 min
The Par Wars Saga Continues As U.S. CLO Document Provisions Evolve
We’re joined by our CLO team members Stephen Anderberg, Catherine Rautenkranz, William Sweatt, and Jeffrey Burton to discuss the evolving nature of U.S. CLO document provisions. A…
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6 min
A Request For Comment On Proposed Criteria For Global Aircraft ABS
We’re joined by nontraditional ABS Analysts Deborah Newman and Rajesh Subramanian, as well Kapil Jain from Structured Finance Methodologies, who discuss our request for comment (RF…
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9 min
The Health of U.S. Consumers
In this week’s episode of Take Notes, hosts Tom Schopflocher and Jim Manzi discuss their recently published chartbook: U.S. Structured Finance Snapshot: The Health Of U.S. Consumer…
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10 min
The Harmonization Of EU Covered Bonds
Following the implementation of the EU Covered Bond Directive, analysts Casper Andersen and Ana Galdo join us this week to discuss the journey European covered bonds have been on t…
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14 min
European CMBS Performance In The Face Of Rising Real Estate Values
With the European commercial real estate market facing asset price inflation risks, analyst Mathias Herzog joins us this week to discuss the region's CMBS performance. We discuss k…
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22 min
How The Australian RMBS Sector’s Resilience To Monetary Tightening Will Be Tested
Credit analyst Erin Kitson joins us this week to discuss the Australian RMBS sector's likely resilience to rising interest rates in the country due to inflationary pressures. We do…