Weakening Credit Spurs Santander Downgrade | Auto Finance News | Auto Finance News

Weakening Credit Spurs Santander Downgrade

Photo by Mike Mozart via Creative Commons

Santander Consumer USA’s rating has been cut to neutral from positive by Susquehanna Financial Group as shifts in the lender’s portfolio dynamics make it appear that credit is worsening in the short term, SFG’s bank and auto finance analyst Jack Micenko told Auto Finance News. The most notable change relates to SCUSA’s troubled debt restructuring […]

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