TEXT-Fitch: U.S. auto ABS hit speed bump, though likely to be brief

Newswire

Feb 25 - Prime and subprime U.S. auto ABS losses have risen in recent months, though the trend is likely to be fleeting as the sector enters a seasonally strong period, according to the latest index results from Fitch Ratings. Prime annualized net losses (ANL) rose 5% in January recording the fifth consecutive increase. That said, prime losses are still at their lowest levels seen over the past 10 years. Additionally, losses are well below the strong 2005-2006 vintages (which ranged from ...

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