Regulation and government support can be important factors underpinning cash flow analysis in corporate securitizations and can also have a significant effect on a transaction’s debt leveraging capacity, according to a report published by Standard & Poor’s Structured Finance Ratings group. The report says that some businesses with marginal financial profiles can be relatively creditworthy because of government support or the predictable regulatory environment of their industry. Credit Analyst Elena Folkerts-Landau, a director in the Structured Finance group in London said, ‘The performance of commercial mortgage-backed debt is relatively vulnerable to economic recessions and refinancing risk. As a result, regulated housing securitizations tend to benefit from greater cash flow predictability, allowing higher debt levels and longer debt maturities for similar rating levels’.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.