S&P Releases U.S. Auto Loan ABS Report
22 August 2000
S&P Releases U.S. Auto Loan ABS Report
NEW YORK--Standard & Poor's--Aug. 22, 2000--Standard & Poor's has released its review of the U.S. auto loan ABS market for the first half of 2000. "Auto Loan ABS Review: First Half 2000" reports that despite rising interest rates, the auto loan ABS market in the U.S. showed significant strength, with public issuance rising 15% to $25 billion from $21.8 billion for the first six months of 1999. Further, credit performance remained stable and recent structural innovations gained wider acceptance.The report also notes that, excluding an extraordinary first-half 1999 private bank transaction of $9 billion, total volume for the first half of 2000 was up 24% to $29.4 billion. The report describes, on a segment-by-segment basis, first half issuance activity and credit performance for this critical ABS market. It also discusses structural innovations that developed in the first half of the year, and provides an outlook for the rest of 2000.
A copy of this report is available on RatingsDirect, Standard & Poor's web-based credit analysis system, at www.ratingsdirect.com. The report is also available on Standard & Poor's Ratings Services web site at www.standardandpoors.com/ratings. Under Structured Finance, select Commentary. -- CreditWire
Contact: Amanda M Soriano, New York (1) 212-438-2609 Copyright 2000, Standard & Poor's Ratings Services
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