Termination of PCP agreements to pressure auto ABS, says DBRS

Asad Ali

May 01, 2018 05:30 PM

PA-UK M25 — File photo dated 19/12/14 of traffic on the M5 motorway, Somerset. New diesel and petrol cars and vans will be banned from 2040 as part of efforts to tackle air pollution, the Government is expected to announce. | Ben Birchall/PA Wire/PA Images

An increase in voluntary termination (VT) of car loan purchase agreements could lead to heightened risk in auto lending, pressuring the performance of UK auto ABS, according to a report from DBRS.

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Topics

ABS Securitization UK Europe EMEA

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Asad Ali