German auto ABS moves tighter with Ford

David Bell

January 14, 2016 05:45 PM

Ford badge 230x — The reflection of a Ford Five Hundred is shown on the tail gate and badge of a F-150 truck at Bob Maxey Ford in Detroit, Tuesday, July 19, 2005. Ford Motor Co. said its profit fell 19 percent in the second quarter from a year ago, stung by lower production and intense competition in North America, where it lost more than $900 million. (AP Photo/Paul Sancya) | PAUL SANCYA/AP/Press Association Images

German auto ABS pricing retraced slightly on Thursday as Ford Credit Europe sold its Globaldrive transaction, with market participants hoping the asset class can avoid further emissions scandal driven volatility.

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Germany News content ABS Securitization

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David Bell