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TAG SEARCH RESULT: Fitch Ratings

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February 27, 2017 - Industry News

Black Book/Fitch: Vehicle Depreciation to Reach 17.8% in 2017

The vehicle valuation firm said the depreciation rate will rise from 17.3% in 2016 to 17.8%, while Fitch said Auto ABS performance will continue to slow in 2017 as losses slowly rise to more normalized levels.

Tags: Auto ABS, Black Book, Fitch Ratings, vehicle depreciation

December 1, 2016 - Industry News

Fitch: Subprime Auto ABS Losses Creep Up, Prime Stable

Annualized net losses for prime auto loan ABS declined on a monthly basis in October, while subprime losses rose 32 basis points to 9.61%, according to the ratings agency. Subprime ANL, however, remain within levels recorded earlier this year.

Tags: Auto ABS, auto finance, Fitch Ratings, prime financing, subprime auto finance

February 3, 2015 - Industry News

Black Book: Vehicle Depreciation to Rise in 2015

Vehicle depreciation is expected to increase in 2015 as a larger used-car supply and off-lease volumes place pressure on retention rates, according to a report from Black Book and Fitch Ratings.

Tags: Black Book, Fitch Ratings, Report, used-vehicle values, vehicle depreciation

July 22, 2014 - Industry News

Depreciation Nearing Recession Levels, Black Book Reports

Depreciation rates on used vehicles are nearing levels not seen since the recession, but the trend is expected to reverse, leading to marginally higher losses for U.S. auto ABS, according to a new joint report from Black Book and Fitch Ratings.

Tags: Black Book, Fitch Ratings, vehicle depreciation

August 5, 2013 - Industry News

Fitch: U.S. Auto ABS Performance Going Strong

U.S. auto loan ABS asset performance continues to be solid with historically low delinquency rates and loss rates at or near record lows, despite a slight uptick in loss rates during June.

Tags: ABS ratings, Auto ABS, Delinquencies, Fitch Ratings, loans, subprime

March 7, 2013 - Industry News

Black Book, Fitch Ratings: Rise in Vehicle Depreciation Poses No Threat to Auto ABS

New report from Black Book and Fitch Ratings says rise in vehicle depreciation poses no detriment to U.S. Auto ABS.

Tags: ABS, automotive, Black Book, Fitch Ratings, vehicle, vehicle depreciation

September 18, 2012 - Industry News

Fitch: Losses Hold Steady for U.S. Auto ABS

Fitch Ratings’ latest index reading indicates steady performance within the auto ABS segment, with prime annualized net losses dropping 24 percent.

Tags: Auto ABS, Fitch Ratings

August 24, 2012 - Industry News

Fitch: Stress Tests Not Able to Dent U.S. Prime Auto Loan ABS

Fitch said a majority of 'AAAsf' rated U.S. Prime Auto Loan ABS would be able to withstand a recession and serious declines in used-vehicle values.

Tags: AAAsf, ABS, Auto Loans, Fitch Ratings, investment grade

August 2, 2012 - Industry News

Fitch: Prime U.S. Auto ABS Off to Solid Second-Half Start

Prime delinquencies are stable and prime cumulative net losses have improved, but the ratings agency says economic volatility and the European financial crisis could dampen growth prospects.

Tags: Auto ABS, Delinquencies, European financial crisis, Fitch Ratings

May 29, 2012 - Industry News

Fitch: Profitable Dealerships Elevate Floorplan ABS

Rising auto sales are strengthening the already-solid performance of dealer floorplan ABS, Fitch Ratings reports.

Tags: Fitch Ratings, Floorplan ABS

May 8, 2012 - Industry News

Fitch: Underwriting Looser, But Reasonable

In a note to bondholders, Fitch Ratings said it believes the move toward slightly riskier borrowers in prime auto ABS pools is unlikely to present a near-term risk.

Tags: Auto ABS, Auto Loans, Fitch Ratings, Manheim

March 20, 2012 - Industry News

Losses for Prime Auto Loan ABS at Record Low, Fitch Reports

Performance remained stellar for U.S. prime auto ABS, with losses dropping to a new record low, according to the latest index results from Fitch Ratings.

Tags: Auto ABS, Auto Loans, Fitch Ratings, Subprime Analytics

February 21, 2012 - Industry News

Consumer Auto Demand Provides Loan Growth for Banks, Fitch Says

Fitch Ratings announced U.S. banks have a chance to foster loan growth via their auto portfolios, as consumer demand and sales of both new and used vehicles increases.

Tags: Auto Loans, consumer demand, Fitch Ratings

January 5, 2012 - Industry News

U.S. Automakers Well Positioned for 2012, Fitch Says

Fitch Ratings said it expects the financial profiles of U.S. automakers and parts suppliers to remain strong in 2012 despite sluggish global economic growth and weaker-than-expected North American light-vehicle demand.

Tags: Fitch Ratings, Forecast

December 21, 2011 - Industry News

Auto Lease Residuals Still Trending Upward, Fitch Reports

Residuals on U.S. auto lease ABS are still producing substantial gains vs. initial forecasts through third quarter 2011, according to the latest index results from Fitch Ratings.

Tags: Fitch Ratings, leasing, residual values, vehicle leasing

March 15, 2011 - Industry News

Fitch: Rising Gas Prices Not a Concern for Auto ABS

Rising gas prices are likely to have a limited impact on U.S. auto loan and lease asset-back securities (ABS) performance, particularly compared to 2008 — when the price of regular grade gasoline spiked to nearly $4.15 a gallon, according to Fitch Ratings.

Tags: Auto ABS, Finance, Fitch Ratings

November 9, 2010 - Industry News

Fitch: 2009 U.S. Prime Auto ABS Exceeding Expectations

Lower than expected losses for 2009 U.S. prime auto ABS loans are positioning this vintage for continued positive rating performance as the broader economy slowly improves, according to Fitch Ratings.

Tags: Auto ABS, Fitch Ratings

November 2, 2010 - Industry News

Fitch Upgrades General Motors Financial Company's Rating to ‘BB-’

Fitch Ratings has upgraded the long-term issuer default rating (IDR) of General Motors Financial Company Inc. (GMF, f/k/a AmeriCredit Corp.) to 'BB-' from 'B+' . The upgrade was based on the company's relationship with General Motors Company (GM), which was recently assigned an IDR of 'BB-' by Fitch.

Tags: Fitch Ratings, GM Financial

October 26, 2010 - Industry News

Fitch: U.S. Auto ABS Losses Rise in 3Q; Softness to Continue

The prolonged stressed state of the U.S. consumer and seasonal pressures pushed U.S. auto loan ABS losses and delinquencies higher in the most recent period, according to the latest Auto Loan ABS index results from Fitch Ratings.

Tags: Auto ABS, Delinquencies, Fitch Ratings

August 31, 2010 - Industry News

Auto Loan ABS Performance Follows Seasonal Downshift

The performance of U.S. auto loan ABS is starting to exhibit seasonal negative trends, according to the auto loan ABS indices results from Fitch Ratings.

Tags: Auto ABS, Delinquencies, Fitch Ratings, prime financing, subprime

June 1, 2010 - Industry News

Fitch Upgrades AmeriCredit Corp.'s Rating to B+

Fitch Ratings upgraded the long-term issuer default rating (IDR) of AmeriCredit Corp. to 'B+' from 'B-' and the senior debt rating to 'BB-/RR3' from 'B/RR3'. The rating outlook is stable. Approximately $532.6 million of debt, at par, is affected by this action.

Tags: AmeriCredit, Fitch Ratings

March 5, 2010 - Industry News

Seasonality Results in Higher Losses for Prime Auto ABS

Seasonal weakness drove U.S. prime auto loan ABS losses slightly higher in January versus prior months, according to Fitch Ratings.

Tags: ABS ratings, Delinquencies, Fitch Ratings, used vehicles, Wholesale Pricing

January 12, 2010 - Industry News

Fitch Raises Ratings on Ford, Ford Motor Credit

Fitch Ratings has upgraded the issuer default rating for Ford Motor Company and Ford Motor Credit Company to 'B-' from 'CCC'; the outlook remains positive.

Tags: Fitch Ratings, Ford, Ford Credit, TALF

January 7, 2010 - Industry News

Fitch Lifts Moratorium on Rating Dealer Floorplan Transactions

Fitch Ratings has lifted the moratorium on rating auto dealer floorplan transactions and published a revised Global Dealer Floorplan (DFP) ABS criteria report. It supersedes, in its entirety, the reports titled “Rating Criteria for U.S. Dealer Floorplan ABS”, dated May 14, 2008 and “European Auto Dealer Floorplan ABS Criteria”, dated Feb. 6, 2008.

Tags: Auto ABS, Fitch Ratings, Floorplan Financing

December 29, 2009 - Industry News

New Year Brings Continued Performance Pressure for Auto ABS

Annualized net losses (ANL) on U.S. auto ABS rose again in November in a trend likely to continue into 2010, according to Fitch Ratings.

Tags: Auto ABS, Delinquencies, Fitch Ratings

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