Ford Credit ABS increases excess spread to pad losses | Auto Finance News | Auto Finance News

Ford Credit ABS increases excess spread to pad losses

Photographer: Daniel Acker/Bloomberg

Ford Motor Credit increased its excess spread by 42 basis points in its latest asset-backed securitization issued this week, according to Moody’s Investors Service. Increasing the excess spread — the difference between the interest received by the issuer and interest paid to the investor — provides a source of funds to offset potential collateral losses […]

Get Auto Finance News Premium for as low as $8 per week!

Start your free one week trial today for access to the latest industry news and trends.

Subscribe

Latest Magazine Issue
Sign Up Email List