Fitch said a majority of 'AAAsf' rated U.S. Prime Auto Loan ABS would be able to withstand a recession and serious declines in used-vehicle values.
Read More →Prime delinquencies are stable and prime cumulative net losses have improved, but the ratings agency says economic volatility and the European financial crisis could dampen growth prospects.
Read More →Rising auto sales are strengthening the already-solid performance of dealer floorplan ABS, Fitch Ratings reports.
Read More →In a note to bondholders, Fitch Ratings said it believes the move toward slightly riskier borrowers in prime auto ABS pools is unlikely to present a near-term risk.
Read More →Performance remained stellar for U.S. prime auto ABS, with losses dropping to a new record low, according to the latest index results from Fitch Ratings.
Read More →Fitch Ratings announced U.S. banks have a chance to foster loan growth via their auto portfolios, as consumer demand and sales of both new and used vehicles increases.
Read More →Fitch Ratings said it expects the financial profiles of U.S. automakers and parts suppliers to remain strong in 2012 despite sluggish global economic growth and weaker-than-expected North American light-vehicle demand.
Read More →Residuals on U.S. auto lease ABS are still producing substantial gains vs. initial forecasts through third quarter 2011, according to the latest index results from Fitch Ratings.
Read More →Rising gas prices are likely to have a limited impact on U.S. auto loan and lease asset-back securities (ABS) performance, particularly compared to 2008 — when the price of regular grade gasoline spiked to nearly $4.15 a gallon, according to Fitch Ratings.
Read More →Lower than expected losses for 2009 U.S. prime auto ABS loans are positioning this vintage for continued positive rating performance as the broader economy slowly improves, according to Fitch Ratings.
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