CNH prices equipment ABS, sees toughest period ahead

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CNH prices equipment ABS, sees toughest period ahead

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September 26, 2018 - Mount Pleasant, Wisconsin, USA - Agriculture equipment sales could suffer if farmers are negatively impacted by the agricultural tariff war with China. JORGE MENDEZ bolts tractor wheels and tires to Case Magnum 340 tractors at the Case IH tractor plant in Mount Pleasant (Racine), Wis. Wednesday, September 26, 2018. (Credit Image: © Mark Hertzberg/ZUMA Wire) | Mark Hertzberg/Zuma Press/PA Images

CNH Capital priced its first securitization of the year on Tuesday, one of the few equipment ABS sponsors to come to market during the Covid-19 outbreak. The company is forecasting the “most severe impact” in the second quarter, with some regions and product lines seeing a 40% decline in demand, CNH said.

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