Moody's revises rating approach to Japan auto ABS

(Media release provided by Moody's Investor Service)

Tokyo, July 9, -- Moody's Investors Service has reviewed its approach to rating auto loan-backed ABS (asset-backed securities) in Japan.

The adjusted approach will ensure that Moody's ratings better represent the credit qualities of Japanese auto loan-backed ABS. Since the emergence of auto loan-backed securitization in Japan, Moody's has accumulated data on the performance on the underlying auto-loan pools.