Subprime auto ABS market sees ‘stress’ as immigration enforcement mounts, DQs rise
Lendbuzz, SAFCO securitizations on CreditWatch Negative, Flagship downgraded
Subprime auto securitizations are experiencing heightened stress and increased delinquencies, while transactions with large concentrations of loans to immigrant borrowers are facing negative rating actions due to immigration policies. “We are continuing to see stress in the subprime [auto asset-backed securitization] segment,” Amy Martin, managing director and sector lead for U.S. ABS at rating agency […]
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