The document outlines a trade idea for purchasing class A2 Applebees/IHOP Funding ABS whole business securitization transaction. It discusses the investment rationale, including security, credit enhancement, structural attributes, and relative value. The recommendation is to buy with a 12+ month trade horizon, with details on the deal and tranche info, sponsor, ratings, and other financial metrics.
doj/DataSet10/EFTA01378353.pdf
{"title":"ABS: Applebees/IHOP Funding LLC Series 2014-1 Class A2","document_date":"2015-09-24","document_type":"financial","document_subtype":"Investment Grade Structured Finance","key_organizations":["Applebees","IHOP","DineEquity, Inc","Deutsche Asset & Wealth Management"],"reference_numbers":["03789XAA6"]}