auto asset-backed securities

Australian auto loan defaults likely to rise – Moody’s Ratings

Key points of a Moody’s Ratings report on auto asset-backed securities (ABS) comparing credit traits of rated deals in Australia, China and Japan include macroeconomic conditions weighing on borrowers, with delinquency and default rates set to increase this year in Australia and China.

Automotive lender’s first ABS issuance in Australia

The Avanti Finance Group has successfully completed its first issuance of automotive asset-backed securities (ABS) in Australia, which it attributes to the growth of its auto lending business.