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Fitch IBCA Issues Report On Balloon Loans In Auto ABS

27 March 2000

Fitch IBCA Issues Report On Balloon Loans In Auto ABS

    NEW YORK--March 24, 2000--Competition in the automobile finance industry continues to drive product innovation.
    Hybrid, or balloon, loans are a recent manifestation of such developments. Fitch IBCA has issued a special report describing how hybrid loans work, credit risks to securitizations and potential mitigants, and Fitch IBCA's treatment of hybrid loans within retail auto securitizations.
    The report is available on Fitch IBCA's web site at `www.fitchibca.com'.