GM Financial, Westlake kick off 2023 with $2.3B in ABS deals
GM Financial issued a $1.3B deal, and Westlake issued a $1B deal
GM Financial and Westlake Financial are the first entrants into the auto asset-backed securities market in 2023 following a less-than-favorable year for credit costs due to widening spreads spurred by inflationary concerns. GM Financial, for one, issued a $1.3 billion deal backed by prime auto receivables, according to a Fitch Ratings presale report. GM Financial […]
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