U.S. Auto ABS Prime Delinquencies At 10-Year Low

27 Jun 2013

Net loss levels for U.S. prime automobile asset-backed securities fell for the fourth consecutive month in May, with prime delinquencies that are more than 60 days late or longer dropping to 0.29%, its lowest level in 10 years, according to Fitch Ratings.

Net loss levels for U.S. prime automobile asset-backed securities fell for the fourth consecutive month in May, with prime delinquencies that are more than 60 days late or longer dropping to 0.29%, its lowest level in 10 years, according to Fitch Ratings.

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