Weaker Credit Quality Spurs Higher Loss Forecast for Exeter Securitization | Auto Finance News | Auto Finance News

Weaker Credit Quality Spurs Higher Loss Forecast for Exeter Securitization

Moody’s Investor Service bumped up cumulative net loss expectations 1% in Exeter Finance’s most recent securitization to offset the weaker credit quality of the underlying loans. The weighted average credit score for the $572.9 million transaction was 556, “the lowest Fico seen in recent transactions,” said Moody’s Senior Credit Officer Daniela Jayesuria of the securitization slated […]

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