TEXT-Fitch upgrades 2 Driver GmbH auto deals; affirms 3 others

Newswire

(The following statement was released by the rating agency) March 31 - Fitch Ratings has today upgraded two auto loan receivables transactions under the Driver GmbH series and affirmed the remaining three, following a review of the performance. The performance of all transactions has been robust. Fitch's Cumulative Net Loss Ratio (Fitch CNLR) has remained well below the agency's base case assumptions set at closing for the five transactions. The delinquency ratio (DR) has increased for ...

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