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» S&P Alternates Method to Analyze Subprime Auto Loan ABS Losses Due to Longer Amortization
S&P Alternates Method to Analyze Subprime Auto Loan ABS Losses Due to Longer Amortization
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Longer auto loan terms and softer collection practices by some lenders are slowing amortization schedules and backloading losses in certain subprime auto loan ABS, said S&P Global Ratings.