TEXT-Fitch U.S. auto ABS index: fork in the road widening for prime & subprime loans

Newswire

Feb 05- Performance for U.S. prime auto ABS is still on solid footing, while subprime loans are showing more weakness of late, according to Fitch Ratings in its new U.S. auto ABS index. Auto loan ABS produced the strongest performance on record last year. Annualized net losses (ANL) on prime auto loan ABS are still resoundingly low (0.40% at December 2012), further testament to their resiliency. 'As the wholesale vehicle market begins to normalize, losses ...

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