10.01.2014 20:47:00
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Moody's: US subprime auto credit will continue to weaken gradually
New York, January 10, 2014 -- The deterioration in US subprime auto lending credit metrics slowed somewhat during the third quarter of 2013, but subprime credit will continue to weaken gradually as lenders boost their volumes by moving further down the credit spectrum, according to "US Subprime Auto Loan Credit Deterioration Moderated in Q3, Will Continue Gradually," a new report from Moody's Investors Service.