TEXT-Fitch: Positive streak continues for U.S. Auto ABS

Newswire

(The following statement was released by the ratings agency) Dec 22 - Positive momentum in the U.S. used vehicle market continues to buck seasonal trends, translating to ongoing uncharacteristically stable U.S. auto ABS collateral performance for the month of November, according to Fitch Ratings. 'Tight vehicle supply continues to push used vehicle values to record levels,' said Senior Director Hylton Heard. While Fitch remains optimistic of the effect used vehicle values will have in ...

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