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Subprime auto ABS delinquencies reach pre-Covid levels 

June and July marked normalization in ABS performance metrics 

Amanda Harris

Delinquencies on subprime auto asset-backed securitization (ABS) transactions are normalizing against a backdrop of macroeconomic uncertainty that could result in higher losses in the coming year.   ABS performance in June and July points to normalization over the next few months, multiple credit rating agencies told Auto Finance News.  In fact, losses will potentially reach […]

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