Moody's: Stabilized loan underwriting, steady used car prices will help US auto ABS in 2017
New York, December 05, 2016-- The collateral quality of US auto loans backing new asset-backed securities in 2017 will be comparable to that of recent transactions, thanks largely to the stabilization of underwriting standards by auto lenders. Lifetime expected losses on outstanding auto loan ABS will remain within expectations despite a rise in year-over-year annualized losses in 2017, according to Moody's Investors Service's 2017 Auto ABS Outlook.
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