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GC Asia
Weaker underwriting for prime autos
Prime auto lenders have been financing their loans more cheaply in the ABS markets in recent months, despite weaker collateral performance and longer maturities.
Underwriting standards for prime auto loans have declined in recent years, with the credit quality of underlying auto ABS loan pools weakening modestly since 2012 and returning to pre-recession levels, according to a Fitch Ratings report released Monday.
Average lengths to maturity for the loans have surpassed ...Already a subscriber? Login
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Latest news from GlobalCapital
-
Middle market CLO manager Monroe sells minority stake to Aberdeen
03 Mar 2021 -
Covered bonds shrink as share of ECB’s balance sheet
03 Mar 2021 -
UK’s green Budget ‘underwhelming’ as gaps, contradictions appear
03 Mar 2021 -
Italy smashes green debut as Germany prints first 15 year via auction
03 Mar 2021 -
US corporates cram into high grade euro market
03 Mar 2021
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Further reading
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CLO/CDO
Middle market CLO manager Monroe sells minority stake to Aberdeen
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Covered Bonds
Covered bonds shrink as share of ECB’s balance sheet
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SRI / Green Bonds
UK’s green Budget ‘underwhelming’ as gaps, contradictions appear
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Sovereigns
Italy smashes green debut as Germany prints first 15 year via auction
