TEXT-Fitch:Seasonality tks bck seat to stability for US auto ABS


(The following statement was released by the ratings agency) Nov 24 - Unprecedented seasonal strength in the U.S. used vehicle market combined with two months of lower new jobless claims bolstered performance for auto ABS in October, according to Fitch Ratings. 'Historically high used vehicle values brought on by positive supply and demand dynamics by manufacturers are helping to contain loss levels,' said Senior Director Hylton Heard. 'Lower loss levels are expected for the remainder of ...

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