Consumer ABS

The low delinquency rates reflect both lenders' conservative underwriting and consumers prioritizing card payments, TransUnion's Ezra Becker said.

The Rhode Island Student Loan Authority series 2012-1, worth $111 million, will be rated by both S&P and Fitch..

The credit card ABS market's recovery continues at a quick pace with new-issue volume increasing as spreads in the sector tighten, Wells Fargo said.

The recent weaknesses in the U.S. and struggles in the eurozone's sovereign debt loans have continued to keep prices lower for structured products, SecondMarket said.

New issue volume for credit card ABS has already surpassed 2011 volumes despite the contraction of receivables balances for existing credit card trusts.

The automobile finance firm has acquired subprime auto loan lender Resurgent Auto Finance and has secured fresh capital for growth.

Moody's said that the increasing number of consolidated loans will lessen excess spread availability to cover loan losses from poorer-quality borrowers.

Ally is seeking to divest more than $30 billion of assets in Canada, Mexico, Europe and Latin America.

The trust is backed by retail installment sale contracts of new and used Honda and Acura automobiles and light-duty trucks as well as new and used Honda motorcycles.

Credit card ABS quality improved moderately in 2Q12 despite the sluggish U.S. economy and the 8.2% unemployment rate, Standard & Poor's said in a report released yesterday.