WHOLE-BUSINESS SPICE

摘要

Underpinned by a strong economy and low unemployment, which recently fell to its lowest point in 50 years, optimism in the US securitisation market grew in 2018, leading to a tightening of spreads for much of the year despite high volumes. Amid a flood of paper backed by auto loans and other forms of consumer credit, the lift-off in whole-business securitisations - mostly from big restaurant operators - was one of the main themes of the year.