Fitch: Auto ABS outlook negative | Auto Finance News | Auto Finance News

Fitch: Auto ABS outlook negative

© Can Stock Photo / liveslow

The performance of auto loan and lease ABS deals has been revised to negative from stable due to coronavirus concerns, Fitch Ratings announced this morning. Fitch’s rated portfolio totals $72 billion of outstanding notes composed of 110 auto loans and 21 outstanding lease ABS transactions. The outlook change reflects the ongoing impacts on unemployment and […]

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