26.05.2016 16:35:00

Moody's: Delinquency rate of bank-sponsored US auto loan ABS closes in on that of captive-sponsored deals

New York, May 26, 2016 -- The delinquency rates of bank-sponsored and captive finance company-sponsored prime auto asset-backed securities (ABS) are converging for the first time since 2009, Moody's Investors Service says in a new report. The trend reflects the relative weakening credit quality of bank-sponsored auto ABS portfolios. Delinquency rates for bank sponsored deals have been increasing over the past few years, while delinquencies on captive-sponsored securitizations have stabilized.

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