DBRS Morningstar’s Equipment Lease and Loan ABS Sector Outlook—Negative Amid Coronavirus
Because of the ongoing impact of the Coronavirus Disease (COVID-19) on the U.S. economy and on obligors’ abilities and willingness to repay outstanding debts, our outlook on the equipment lease and loan asset-backed securities (ABS) sector is negative. With the closure of many businesses across the U.S., jobless claims have exceeded 33 million since mid-March, severely disrupting overall economic activity.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.