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Illinois Seeks Team For Tobacco Issue

- Those interested in working on Illinois’ proposed sale of up to $1.75 billion of tobacco bonds have until Aug. 27 to submit proposals to the state.

FFELP-Backed Deal in the Market

- New Mexico Education Assitance Foundation is in the market with a $383 million transaction backed by FFELP loans.

Morgan Stanley Hires European ABS Head

- The investment bank hired Cecile Houlot to head structured solutions and securitization in Europe.

Equipment Lease Deal in the Market

- The five-tranche 144A transaction is the fourth term ABS sponsored by LEAF Financial since 2007.

Regulators Warn Credit Rating Provision May Go Too Far, Even as They Implement It

- Regulators' search for credit rating alternatives is likely to be tough.

Ambac Financial Posts 2Q Loss of $57.6M

- The company blamed the decline primarily on deterioration within its structured finance portfolio.

Entergy Arkansas in the Market

- Entergy Arkansas is in the market with a $124.1 million deal lead managed by Morgan Stanley.

Knight Libertas Expands Commercial Real Estate Team

- Knight Capital hired Barry Funt and Winston van Buitenen as managing directors.

Regulators' Search for Credit Rating Alternatives Likely to Be Tough

- Regulators are poised to start moving away from reliance on the tarnished credit rating agencies in the supervisory process.

Obama to Big Banks: Adopt Dodd-Frank Early

- President wants credit score practices changed before law mandates it

Deer Park Road Hires Portoflio Manager

- Deer Park Road Corp. has hired Scott Burg as associate portfolio manager, according to published reports.

Hyundai Files Shelf Registration for Auto ABS

- Hyundai Capital America has filed an S-3 shelf registration with the SEC for a securitization backed by a pool of motor vehicle retail installment sale contracts.

FGIC Corp. Files for Chapter 11

- The holding company Has $392 million of debt.

Fitch Launches U.S. Structured Finance Snapshot

- Fitch Ratings has introduced an interactive quarterly report for U.S. structured finance market participants called the U.S. Structured Finance Snapshot.

ECB Gives Covered Bonds "Liquidity Stamp of Approval"

- The recently published covered bond graduated valuation haircut schedule from the European Central Bank did not take the market by surprise.