Joy Wiltermuth is a reporter at IFR, where she writes about the securitisation market. In the past five years, she has written about new types of mortgage bond deals hatched since the financial crisis, litigation and regulation. She was previously a reporter for Debtwire in New York and also worked for Institutional Investor.
Morningstar said last week that it plans to purchase rival credit rating agency DBRS for US$669m, its second such deal in less than a decade to expand its bond rating footprint.
Dine Brands, the parent company of Applebee’s and IHOP, served up US$1.3bn of asset-backed bonds last Tuesday after waiting nine months for better pricing.
Morningstar said on Wednesday that it plans to purchase rival credit ratings agency DBRS for US$669m, its second such deal in less than a decade to expand its bond rating footprint.