Credit Fundamentals Remain Strong in Consumer ABS Sector Driven by Shifting Supply and Demand
May 31, 2012
Its a good time to be on the playing field in the consumer ABS sector, as long as youre on top of the trends in a perhaps more focused market environment characterized largely by shifting supply and demand dynamics, top industry representatives suggest. John McElravey, senior analyst and head of consumer ABS research at Wells Fargo Securities, told participants at last weeks national meeting of the American Securitization Forum that hes seeing a revival of consumer ABS, noting rising issuance with a focus on the auto sector, along with a shorter maturity profile. Prime auto is about 32.1...