News – Credit Related

By: Monitor Daily  09-12-2011
Keywords: Bank

News – Credit Related

Last Updated: November 23, 2011

Fitch Ratings said it affirmed its issuer default rating for ILFC, which posted a Q3 loss, at “BB.” The rating agency said the low rating reflects continued strains caused “by inconsistent operating results and a lack of clarity regarding ownership.”


Date Posted

November 7, 2011  


Moody’s has assigned provisional ratings to the notes to be issued by LEAF Receivables Funding 7, LLC — Equipment Contract Backed Notes, Series 2011-2 affecting approximately $136.6 million in asset-backed securities issued.


Date Posted

October 13, 2011  


The National Association of Credit Management released its Credit Managers’ Index which showed that the CMI hasn’t been this low in more than a year and is now tracking at levels last seen in 2008-2009.


Date Posted

September 2, 2011  


The NY Fed released results from its Small Business Borrowers Poll that showed the approval rate for vehicle and equipment loans was relatively high at 71% versus new lines of credit, business loans and extensions of existing credit lines.


Date Posted

August 12, 2011  


According to a FICO survey conducted by the Professional Risk Managers’ International Association, bankers remain optimistic about the financial health of consumers but indicate that the “credit gap” for small businesses will grow.


Date Posted

July 13, 2011  


The Fed’s April senior loan officer opinion survey on bank lending practices indicated, on net, standards and terms generally eased during the first quarter on increased competition from other banks and non-bank lenders.


Date Posted

May 3, 2011  


Fitch Ratings said it has affirmed the ‘BBB-’ IFS ratings of RVI, but notes longer term uncertainty with regard to proposed changes in lease accounting standards and its potential impact on RVI’s business model.


Date Posted

April 7, 2011  


A report issued by investment banking firm Morgan Joseph notes that although the current syndicated loan and high yield debt markets are booming, they remain largely unavailable to “turnaround” situations and lower middle market borrowers.


Date Posted

March 29, 2011  


At an Access to Capital Conference, Treasury head Tim Geithner said the government’s $1.5 billion funding commitment nationwide is expected to spur $15 billion or more in small business lending.


Date Posted

March 23, 2011  


Fitch Ratings has affirmed Ryder System long- and short-term IDR ratings at ‘A-’ and ‘F2′, respectively and noted the truck leasing company’s rating outlook is stable.


Date Posted

March 17, 2011  


The Fed announced that since the FOMC met in January 2011, economic recovery is on a firmer footing. However, because of concerns about weak investment in nonresidential structures, the depressed housing market and sharply rising commodity and oil prices, the FOMC will maintain the current target range for the federal funds rate at 0 to 0.25%.


Date Posted

March 15, 2011  


GreatAmerica Leasing Corporation (“GreatAmerica”) announced completion of its tenth-term securitization in the amount of $362.4 million. GreatAmerica Leasing Receivables Funding, a GreatAmerica wholly-owned subsidiary, issued the notes. The bond issue was characterized by strong investor demand with orders placed for 2.6 times the amount actually issued. The placement agents of the notes were Wells Fargo [..]


Date Posted

March 2, 2011  


A recent article by CFO.com staff writer Vincent Ryan notes signs of looser creditor protections and greater flexibility for borrowers with a growing number of companies are getting lenders to relax the restricted payment covenants on debt. In numerous public filings during the last three months, companies have detailed changes to credit agreements that will [..]


Date Posted

February 16, 2011  


Bank of America extended more than $685 billion in credit to individuals, small businesses, nonprofits and large companies in 2010, including the extension in $92 billion of credit to small- and medium-sized businesses, exceeding the bank’s goal of $86 billion. Credit extended in the fourth quarter of 2010 – nearly $188 billion – reflects a [..]


Date Posted

February 8, 2011  


Citing recent survey results from the National Association of Credit Management, CFO staff writer Sarah Johnson notes a key indicator of credit availability makes a big jump. Trust is returning to business partnerships. Suppliers are increasingly granting credit to their customers, according to the latest monthly report by the National Association of Credit Management (NACM). [..]


Date Posted

February 7, 2011  


The information in this article was current at 06 Dec 2011

Keywords: Bank

Other products and services from Monitor Daily

09-12-2011

News – Agricultural

CNH Global said net sales increased 30% in third quarter as agricultural equipment markets continue to perform well and the construction equipment market continues its recovery. John Deere Financial announced that its Farm Plan multi-use account will now carry the John Deer Financial name, after 25 years of being part of the company.


09-12-2011

News – Asset-Based

Huntington Bank said it has hired David Holzworth and Michael Kempel as new senior regional directors for the bank’s asset-based lending division.


09-12-2011

News – Association News

The Equipment Leasing & Finance Foundation’s November Monthly Confidence Index for the Equipment Finance Industry showed that confidence in the equipment finance market is 57.4, up from the October index of 50.7, indicating an increase in optimism about business activity despite ongoing concerns about the global economic situation.