Fitch: Auto ABS Delinquencies at 10-Year High

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Fitch Rat­ings report­ed 60-plus day delin­quen­cies in prime and sub­prime auto asset-backed secu­ri­ties (ABS) hit its high­est lev­el in ten years in Jan­u­ary. The 60-plus delin­quen­cy index from Fitch Rat­ings was 0.77%, a jump of 11.6% since Decem­ber, and a jump of 44% over Jan­u­ary 2007.