Auto ABS adequately supported but weakness seen-S&P


NEW YORK, Dec 20 (Reuters) - Standard & Poor's said a review of $113.5 billion of U.S. auto loan asset-backed securities showed adequate credit support to maintain current ratings but warned delinquencies and losses were growing. S&P said its review comprised 143 auto ABS transactions originated during 2006 and 2007. "Although expected losses were revised upward in many cases, we currently believe that all auto ABS transactions remain adequately enhanced at their assigned ...

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