TEXT-S&P reports on growth in auto ABS sector

Newswire

(The following statement was released by the ratings agency). LONDON, March 26 - Standard & Poor's Ratings Services said today that the growth in issuance backed by auto leases and loans in the European market has led to auto ABS being recognized as a distinct asset class. As a consequence, Standard & Poor's is publishing a new quarterly report on performance in the sector. This adds to the quarterly report on credit card ABS, which gives information on key variables in ...

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