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Contact
Alfons Ideler
Director
Head of Structured Finance
T: +27 11 784 1771
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GCR’s structured finance sector covers a wide variety of structured transactions. Examples are all forms of securitisations, credit linked securities, structured preference shares or other securities, structured bond funds and other cashflow driven transactions (e.g. project finance). Our structured finance rating approach is described in publicly available rating criteria reports:
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Global Consumer ABS Rating Criteria – [click here to download pdf]
This criteria report describes the rating approach for transactions where consumer assets are securitised. The report applies to a wide variety of asset classes with fixed repayment profiles such as car loans, equipment leases and personal loans. The rating approach covers, amongst others, an analysis of expected defaults, delinquencies, recoveries, prepayments and asset yield; supplemented by a cashflow analysis.
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