Host Tom Schopflocher is joined by Senior Director John Detweiler to discuss the Financial Conduct Authority's (FCA) recent confirmation of the dates for the future cessation or loss of representativeness of global London Interbank Offered Rate (LIBOR) benchmarks. We weigh in on what the date confirmations' immediate impact could be for our ratings, and what cessation could mean overall for the Structured Finance market when it becomes effective.

Latin American Sector Lead Jose Coballasi joins host Tom Schopflocher to discuss our 2021 Latin American Structured Finance outlook. While collateral performance improved in 2020, the surge in COVID-19 cases has led to increased restrictive measures in several countries in the region, and a very challenging economic environment. Although these conditions remain headwinds going into 2021, we expect issuance to increase modestly and for most asset classes to have stable ratings performance. We discuss our view of specific sectors and regions.

Host Tom Schopflocher is joined by credit analysts Jie Liang and James Yu in a discussion about private equity collateralized fund obligations (CFOs). First, we provide a general background of what private equity CFOs are. Then, through the lens of the recent Astrea VI transaction, we discuss how we treat these types of deals in our analysis, especially with the COVID-19 pandemic as a backdrop.

In our first episode of the year, hosts Tom Schopflocher and James Manzi recap the COVID-19 pandemic's impact on 2020 performance, and then summarize S&P Global Ratings' 2021 outlooks and issuance forecasts for Structured Finance sectors by region.

We complete our coverage on European covered bonds with the Danish market, the largest in the world. Covered bonds analyst Casper Andersen returns with host Tom Schopflocher to provide insights into this market, including how its framework differs from others, the impact of the COVID-19 pandemic, and ESG.

Our hosts Tom Schopflocher and James Manzi give an update on U.S. structured finance issuance. Issuance returned to form in September, reaching $54 billion, the highest monthly total so far in the year. While 2020 year-to-date issuance is still down 21% year over year, it looks like the annual total will eclipse our revised midyear forecast.

We continue with our look at local covered bond markets, this time in Sweden. Covered bonds analyst Casper Andersen returns with host Tom Schopflocher to provide insights into this relatively young but large market, including how the recently approved European Covered Bond Framework could affect liquidity risk and the impact of the COVID-19 pandemic.

Head of S&P Global Ratings EMEA Structured Finance Research Andrew South joins host Tom to recap our third annual European Structured Finance Conference. We touch on key takeaways from the conference such as what’s driving low issuance volumes, how the securitization markets have fared since COVID-19 began, and what the outlook could look like going forward.

Analysts Anne Cosgrove, Alex Gombach, and Santos Souffront join our host Tom to discuss U.S. public finance health care variable-rate demand obligations (VRDOs). We first introduce and detail what standby bond purchase agreement (SBPA)-backed VRDOs are and how we rate them. We then look at how not-for-profit health care providers can turn to this form of financing to help offset their significant operating losses and negative cash flow impacts due to COVID-19, as well as discuss our outlooks for both the health care sector and the SPBA market.

Host Tom Schopflocher talks to credit analyst Casper Andersen about the current state of German covered bonds, or Pfandbriefe. Germany has the second-largest covered bond market and the largest euro benchmark market, with outstanding issuances totaling €355 billion in 2020. German covered bonds should be able to withstand the challenges created by COVID-19, and despite little room for change, new green and social German covered bonds are spurring investor interest.