Longer loans back Nissan's auto ABS

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By Ryan Bolger
02 Dec 2014

Nissan is planning to issue its second auto ABS of the year backed by prime loans originated and serviced by the auto company’s captive finance arm. The transaction is the latest in a series of prime deals backed by longer term loans.

The $855m issuance, NAROT 2014-B, by Nissan Motor Acceptance Corporation (NMAC) is backed by loans carrying a weighted average FICO score of 761, according to a Fitch presale published on Tuesday. Fitch assigned the notes triple-A ratings.

Part of the reason for high FICO scores in recent prime ...

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