ABS credit to improve, despite recent fall off, rating agency says | Auto Finance News | Auto Finance News

ABS credit to improve, despite recent fall off, rating agency says

© Can Stock Photo / liveslow

Poorly performing loans from 2015 and 2016 are bogging down the November index of auto loan ABS credit performance, according to a report published by Kroll Bond Rating Agency. Annualized net losses in the prime index rose 6 basis points month over month to 0.74%; the nonprime index experienced a 52 bps increase to 9.45% […]

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