It could be a slippery road ahead for existing auto lease-backed securitizations, thanks to inflating residual values of cars that are coming off three-, four- and five-year leases originated in the mid-1990's.

According to Joe Astorina, an analyst at Fitch IBCA, inflated residual values set by the lessors at the point of origination are poised to disrupt cash flows in these deals as these leases mature.

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