Dutch Auto ABS: Electric Vehicles on the Charge
This commentary discusses the transition towards alternatively fuelled vehicles and the relevance for auto asset-backed securities (ABS) in the Netherlands. DBRS Morningstar reviewed recent vehicle fuel type-related trends in the Netherlands and discusses their impact on auto ABS transactions, including:-- The shift away from internal combustion engine (ICE) vehicles, predominantly diesel, towards zero- and low-emission vehicles (ZLEVs);
-- The direct effect of taxation policies on vehicle fuel type mix;
-- The impact of these changes on existing Dutch auto ABS; and
-- Residual value uncertainty for both ZLEVs and ICE vehicles.
DBRS Morningstar expects the collateral supporting receivables in auto ABS transactions it rates in the Netherlands to continue shifting towards alternatively fuelled vehicles.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.