TEXT-S&P highlights renewed European Auto ABS issuance

Newswire

(The following statement was released by the ratings agency) Feb 24 - OVERVIEW -- In the first four weeks of 2011, auto ABS accounted for almost half of all European investor-placed securitization issuance, with more transactions in the pipeline. -- We expect continued stable collateral performance in auto ABS across northern European countries throughout 2011, where new issuance is most active, although performance in weaker economies, notably Spain and Portugal, remains more ...

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