Performance for U.S. automobile-loan asset-backed securities continued to be positive in February, according to Fitch Ratings. Fitch reported that prime annualized net losses fell 3.2% last month to 0.90% compared with January, and is now 42% lower than a year earlier. The trend is likely to continue through the second quarter, a traditionally strong period for auto loan ABS, according to Brian Vorderbrueggen, a Fitch director.

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