Copying and distributing are prohibited without permission of the publisher.

Watermark

Heavy traffic in auto ABS as recovery rates hit highs

Auto_ABS_AdobeStock_575x375_03March20
By Jennifer Kang
14 Jul 2021

The auto ABS market is chomping its way through a glut of deals with five priced so far this week, ranging from a prime auto loan offering from General Motors to a subprime transaction from Foursight Capital, and more to come. The deal spree comes as the recovery rates for auto ABS rose to unprecedented levels during this quarter, according to Deutsche Bank, boosting sector credit fundamentals.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
By Jennifer Kang
14 Jul 2021