Published reports that Mitsubishi Motors Corp. is close to receiving an additional $3 billion in fresh capital from its banks and affiliates, its second bail out package in less than a year, had the ABS market buzzing once again about the fate of the automaker's outstanding ABS bonds.

"It appears that the Mitsubishi Group is willing to continue capital contributions to MMC for as long as it takes the company to recover. Continued capital infusions are good for MMCA ABS as they will allow MMC to continue operations and stay out of bankruptcy," wrote Barclays Capital researcher Joe Astorina in response to the headlines.

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