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Will U.S. Securitization Regain Its Relevance? Jan 12
Standard & Poors, Jan 2012
Abstract
Praised by its proponents for spreading liquidity through the financial system and vilified by its detractors as hiding risk, the U.S. market for asset securitization is still grappling with its toughest trial yet: restoring its relevance after the credit crunch that took hold in 2008 knocked it from its dominant position. Standard & Poor's Ratings Services believes that securitization-the packaging of assets into securities-will re-emerge in the U.S. as only a far smaller contributor to the credit markets, as it ultimately overcomes the significant regulatory and legislative hurdles that stand in the way. That shouldn't come as a surprise seeing that, at the securitization market's peak in 2006, the market absorbed more than $2 trillion of new issuance, with U.S....
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 lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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