A 1% drop in delinquent loans in Germany is largely credited for improved performance of European automobile asset-backed securities in the fourth quarter, according to Fitch Ratings. Overall, Fitch’s 60-180 delinquency index slipped from 1.2% in the third quarter to 1%, while the Fitch Net Loss Index fell from 0.9% to 0.7% over the same period.

Click here to read the release from Fitch.