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Rating Outlook Positive For Auto ABS

The rating outlook this year for U.S. auto loan asset-backed securities is positive, while performance for the auto ABS assets is stable, according to Fitch Ratings.

The rating outlook this year for U.S. auto loan asset-backed securities is positive, while performance for the auto ABS assets is stable, according to Fitch Ratings. Fitch said loss performance on the securities is currently within the pre-crisis range and it predicts that collateral from 2009-2010 vintages will produce low cumulative net losses compared with those of 2007-2008.

Click here to read the release from Fitch.

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