Tag: S&P Global

S&P Global recently downgraded six classes of notes across most of Carvana’s prime asset-backed securitization deals issued in 2023 due to higher-than-expected losses.  “These ...

S&P Global is forecasting a drop in auto asset-backed securitization issuance, prompted by projected lower vehicle sales.   The rating agency projects a 4%, about ...

Early-stage delinquencies rose across prime and nonprime securitized auto loans in October, while net losses improved, and auto asset-backed securitization ...

Auto lender Prestige Financial Services’ decision to stop originations is not expected to negatively affect ratings across its securitization transactions, ...

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 ...

Subprime auto securitizations are experiencing heightened stress and increased delinquencies, while transactions with large concentrations of loans to immigrant borrowers ...

Kroll Bond Rating Agency is eyeing a potential uptick in losses across subprime auto lender First Help Financial’s securitization transactions ...

MIAMI — Auto securitization ratings experts are expecting further losses for lenders that specialize in servicing consumers with thin credit ...