Tesla Brings Its First ABS Backed by Auto Leases, AAA Ratings with High Credit-Enhancement Levels
February 9, 2018
A subsidiary of Tesla issued its first ABS backed by auto leases this week and the electric car manufacturer plans to issue more deals going forward. The $608.1 million deal received AAA ratings from Moody’s Investors Service even though concerns were raised about various issues involving the transaction.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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