S&P lowers Tricolor auto ABS ratings
Unpaid interest across six classes of notes in Tricolor Auto’s asset-backed securitization deal rated by S&P Global has prompted the agency to reinstate and lower its ...
Tag: S&P Global
Subprime auto ABS market sees ‘stress’ as immigration enforcement mounts, DQs rise
Subprime auto securitizations are experiencing heightened stress and increased delinquencies, while transactions with large concentrations of loans to immigrant borrowers ...
Subprime lender First Help Financial put on watch for ratings downgrade
Kroll Bond Rating Agency is eyeing a potential uptick in losses across subprime auto lender First Help Financial’s securitization transactions ...
S&P projects losses for no-FICO lenders, puts notes on CreditWatch Negative
MIAMI — Auto securitization ratings experts are expecting further losses for lenders that specialize in servicing consumers with thin credit ...
Hurricane Helene spurs uptick in payment extensions
Some auto lenders saw a rise in payment extensions following Hurricane Helene, with Hurricane Milton expected to affect extension rates ...
Higher losses prompt rating downgrades on subprime securitizations
S&P Global has again lowered its ratings on a 2022 Flagship Credit Acceptance auto securities transaction as loss expectations rise ...
Opdahl named CEO of Source One Financial Services, and other personnel moves …
Opdahl takes over as CEO at Source One Financial Services Mike Opdahl, has been named chief executive of specialized finance ...
Banks offload auto debt as deposits shrink
Banks offloaded auto debt in the second quarter as deposit activity slowed and financiers got more stringent on how they ...
