Prime ABS Loans Did Much Better than Subprime

Subprime loan

Used Car News - January 8, 0013

The end of 2012 saw strong per­for­mance for US prime auto asset backed secu­ri­ties (ABS) while sub­prime loans again took a step back, accord­ing to the lat­est index results from Fitch Rat­ings. Sub­prime auto ABS per­for­mance has declined over the past six months, dri­ven by the typ­i­cal weak fall sea­son going into late 2012, as Fitch had predicted.

Tags: