S&P: ABS market not yet a victim of coronavirus | Auto Finance News | Auto Finance News

S&P: ABS market not yet a victim of coronavirus

© Can Stock Photo / Elwynn

Loan performance in the auto asset-backed securities market hasn’t yet deteriorated due to COVID-19, Amy Martin, senior director of structured finance at S&P Global Ratings, told Auto Finance News. February paydowns, which were aided by tax refunds, were good, Martin said, noting that S&P “hasn’t seen an impact yet” of the coronavirus on auto ABS […]

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