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» Fewer Investor Protections Seen in Current Subprime Auto Loan ABS Deals Compared to 1990s Issuances
Fewer Investor Protections Seen in Current Subprime Auto Loan ABS Deals Compared to 1990s Issuances
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There are fewer structural protections in today’s speculative-grade securities backed by subprime auto loans compared to below-investment grade issuances in the 1990s, according to an S&P Global analysis of the subprime auto loan ABS sector.