Government Guarantees - In Focus
- Language: English
- Published: January 2009
- Region: World
Abstract
Market hopes appear to be running high for the U.S. government's latest push to restart the securitization markets for consumer lending. If the Term Asset-Backed Securities Loan Facility, or TALF, is successful in attracting new investors, it could allow financial institutions to reduce their debt, freeing up their capital for new loans. Standard & Poor's Ratings Services believes TALF's potential returns will likely turn hedge funds into new buyers of asset-backed securities (ABS), although the facility may fall short of its stated lending potential of $1 trillion due to certain restrictive terms and adverse market conditions. And to the extent TALF helps restore confidence in risk taking and helps establish prices for assets, it would be beneficial to bank ratings....
Companies mentioned in this report are:
- Ford Motor Credit Co. LLC
- Fannie Mae
- Nissan Motor Co. Ltd.
- Federal Home Loan Banks
- Freddie Mac
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research
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- Ford Motor Credit Co. LLC
- Fannie Mae
- Nissan Motor Co. Ltd.
- Federal Home Loan Banks
- Freddie Mac
| Format | Properties | |
|---|---|---|
| Electronic | The report will be emailed to you. |