Fitch Offers Crash Test of Manufacturer Bankruptcy Effect on U.S. Auto ABS.
Business Wire › January 03, 2007
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Fitch Offers Crash Test of Manufacturer Bankruptcy Effect on U.S. Auto ABS.
NEW YORK -- Given the current state of the U.S. auto industry and manufacturer rating downgrades that have occurred throughout 2006, it is no surprise that the impact of an auto manufacturer bankruptcy on the performance of U.S. auto ABS transactions continues to pervade investors' thoughts, according to Fitch Ratings. The likely sequence of events and potential impact of a manufacturer bankruptcy on various auto ABS asset types ar...
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