Auto ABS Delinquencies Near Three-Year Low

16 Jun 2010

Fitch Ratings reports that delinquencies of asset-backed securities backed by prime-rated automobile loans fell to their lowest level last month since August 2007.

Fitch Ratings reports that delinquencies of asset-backed securities backed by prime-rated automobile loans fell to their lowest level last month since August 2007. Fitch warns, however, that seasonable factors contributed to the improvement and that delinquencies may worsen again. Fitch says its prime annualized net loss index improved ...

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