S&P Global Ratings explains why risk within prime ABS is intensifying
Premium Content
Tuesday, Aug. 6, 2019, 02:36 PM
SubPrime Auto Finance News Staff
NEW YORK -
Typically, the most risk in auto loan asset-backed securities (ABS) resides in the subprime space stemming from the lower credit tiers connected to that paper. Well, S&P Global Ratings is seeing risk grow within prime ABS, too. Because finance companies are addressing consumers’ shifting preference for larger, more expensive vehicles by extending contract terms up to […]