TEXT-Fitch:U.S. auto lease residuals speeding ahead of expectations


(The following statement was released by the rating agency) Dec 20 - Residuals on U.S. auto lease ABS are still producing substantial gains versus initial forecasts through third-quarter-2011 (3Q'11), according to the latest index results from Fitch Ratings. In fact, residual realizations on Fitch-rated auto lease ABS have exceeded the securitization value of returned lease residuals every month since July 2009 after a period of protracted losses which began in 2008. The index has continued ...

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