Team strength the key factor in ABS

As part of GlobalCapital’s awards survey, we asked securitization participants what they wanted from their banks. The results emphasized the importance of market knowledge, more than anything else. Other important qualities sought after included strength of the team and their ability to deal in difficult market conditions, regardless of sector. League table positions mattered less. We also asked you what your outlook was for the second half of 2021. Most expect ABS, RMBS and CMBS spreads to remain stable, but there’s also a sizable number of folks who believe spreads may either tighten or widen slightly. The only exception was expectation for CLO spreads, which very few expect will widen. A big thank you to those who participated in the survey. We’d welcome any suggestions on how we can improve next year!