TEXT-Moody's issues report on Q3 auto loan credit indexes

Newswire

(The following statement was released by the rating agency) NEW YORK, Dec 30 - Prime-quality auto loans underlying asset backed securities (ABS) showed improved performance during the third quarter of 2003, says Moody's Investors Service in a new report on its auto loan indexes. The net-loss rate index reached 1.19% of all outstanding loans during third quarter 2003, dropping 10% from a loss rate of 1.33% during third quarter 2002, says Moody's analyst, Peter McNally, co-author of the ...

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