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Fitch Ratings

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.

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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.

Fitch: Profitable Dealerships Elevate Floorplan ABS

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

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.

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.

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.

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.

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.

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.

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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.

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