TEXT-Fitch: Downshift of U.S. Auto Loan ABS Performance

Newswire

(The following statement was released by the ratings agency) Aug 26 - Performance for U.S. auto loan ABS are starting to exhibit negative trends as is typical for this time of year, according to the latest auto loan ABS indices results from Fitch Ratings. While delinquencies and losses reached their lowest in level in three years in June, summer's seasonal pressures finally manifested this past month as delinquencies and losses both rose. Fitch expects auto loan ABS delinquencies and ...

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