Prime Auto ABS Performance Dips

The performance of U.S. prime auto loan asset-backed securities worsened in September after several strong months, according to Fitch Ratings.

  • 27 Oct 2011

The performance of U.S. prime auto loan asset-backed securities worsened in September after several strong months, according to Fitch Ratings. Fitch attributed the uptick in delinquencies to “seasonal pressures,” which it says was expected. Despite the weakness, however, overall performance remains “near historically low levels.”

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