TEXT-Fitch: April another strong month for U.S. auto ABS

Newswire

(The following statement was released by the rating agency) May 31 - It was not a case of April showers for U.S. auto loan ABS performance, which again was stellar this past month, according to the latest index results from Fitch Ratings. Prime auto asset-backed securities (ABS) delinquencies and losses dropped in April to the lowest levels recorded in 2012. Performance was buoyed by the solid 2009-2011 vintages, which are recording record low loss rates to date. Over 50 transactions from ...

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