Auto Finance Performance Improves Featured

By Staff Writer March 11, 2018

Auto finance asset-backed security collateral performance improved in February, according to Kroll Bond Rating Agency.

However, Non-Prime Index delinquency rates remain at elevated levels, mostly driven by a change in issuer mix.

The agency expects auto finance collateral performance to continue to improve next month as borrowers receive tax refunds, providing an additional source of cash flow to help them pay their auto loans.

Last modified on Sunday, 11 March 2018 15:11