TEXT-Fitch:European auto ABS performance remains stable

Newswire

(The following statement was released by the ratings agency) Aug 27 - Fitch Ratings says in a quarterly report today that the overall performance of the European auto ABS sector remained stable in Q210 despite slight increases in delinquency and net loss rates. A breakdown of the second quarter's performance shows that the Fitch 60-180 day Delinquency Index (Fitch DI) increased to 1.4% in Q210 from 1.3% in Q110. The Fitch Net Loss Index (Fitch NLI) increased 10bp to 0.9% as a result of ...

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