The Canadian auto securitization market has exhibited healthy vital signs through the recent economic turmoil, in part because of the existence of robust enhancement and bankruptcy-remote structures, according to a DBRS commentary published today.

 “A significant bright spot throughout this period has been the performance of structured auto transactions, which have continued to perform within expectations, supported by a healthy diet of strong enhancement levels and bankruptcy-remote legal structures,” said Tim O’Neil, vice president  at DBRS.

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