Auto ABS: A look at the industry’s golden goose [Feature]

The auto asset-backed securities market has long been known for its resiliency. During the credit crisis, securitized pools of auto loans posted a strong performance, largely because consumers need vehicles to commute to work. From 2006 to 2011, S&P Global Ratings upgraded 531 tranches in auto securitizations, 16 were downgraded and only two defaulted. As […]