Exeter ABS loss forecast holds steady despite higher LTVs | Auto Finance News | Auto Finance News

Exeter ABS loss forecast holds steady despite higher LTVs

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Stronger credit scores and shorter loan terms offset higher loan-to-value ratios and lower seasoning in Exeter Finance’s latest securitization, prompting Moody’s Investors Service and S&P Global Ratings to keep loss expectations unchanged from the lender’s previous securitization. Collateral quality in the $797.9 million transaction is “slightly better” than it was in Exeter’s previous securitization, both […]

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