Subprime auto issuers look up the credit curve

By Matthew Scully
27 Mar 2014

Subprime auto specialists GM Financial and Exeter Finance are building out their operations to focus on higher quality credit, in a potential shift away from the kind of riskier lending that has worried securitization investors in recent months.

The companies, one a newer firm with private equity backing, and the other, an established issuer, are pursuing different strategies to expand their securitization footprint. But in both cases, they are focusing on higher credit borrowers.

Investors in New York and California are meeting bankers this week to ...

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