Fitch revises auto outlook to ‘worsening’

© Can Stock Photo / carroteater

Despite a stronger than expected finish to the year, Fitch Ratings has revised its outlook on the auto finance sector to “worsening” from “stable,” largely due to an expected deterioration of credit quality as a result of the COVID-19 pandemic. Captive finance companies, such as American Honda Finance Corp., Ford Motor Credit and GM Financial […]

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