'Deep subprime' issuers driving up auto delinquencies

An increase in the number of auto loans made to lower quality borrowers has been a key driver in the rise of delinquencies and net loss rates for the sector, according to a report from Kroll Bond Rating Agency on Tuesday.

  • By Sasha Padbidri
  • 22 Aug 2017
The Kroll report indicated that peak losses in both prime and subprime collateral pools hit 0.94% and 9.43% respectively in early 2017, compared with 0.79% and 8.23% last year. According to Kroll data, deals backed by auto loans taken out by consumers with a weighted average credit score ...

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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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4 JPMorgan 45,920.23 145 7.16%
5 Credit Suisse 37,235.50 114 5.81%