U.S. ABS Subprime Auto Loan Losses Will Continue Their Cyclical Upswing This Year




S&P Ratings show

Summary: After declining from their recession peak, U.S. subprime auto loan losses rose in 2013, as measured by average managed portfolio and average securitization net loss data. Moreover, the trend will likely continue this year. In this CreditMatters TV segment, Standard & Poor’s Senior Director Amy Martin and Director Rahel Avigdor discuss what’s driving the losses and the impact on ratings.