Counter to initial concerns, performance during the past 18 months in the structured finance consumer ABS sector has generally fared well. Specifically, auto loan ABS performance has been strong despite the economic stress resulting from the impacts of the COVID-19 pandemic.
Meanwhile, the performance of U.S. auto finance companies has been solid and better than anticipated. Unique to this economic cycle, unlike prior periods of economic stress, the unprecedented level of U.S government stimulus packages during this pandemic in the form of one-time payments and additional unemployment benefits provided obligors with much needed cash flow and support.
Join us on September 9th at 11 a.m. EDT as senior DBRS Morningstar analysts Ines Beato, Mark Nolan and Stephanie Mah discuss performance and the current state of the market. A Q&A session will follow the presentation.