A financial corporation with a (B B B) rating has a consumer loan portfolio. An investment banker
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A financial corporation with a \(B B B\) rating has a consumer loan portfolio. An investment banker suggested that this corporation consider issuing an ABS where the collateral for the security is the consumer loan portfolio. What would be the advantage of issuing an \(\mathrm{ABS}\) rather than a straight offering of corporate bonds?
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Related Book For
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
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