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.

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