Moody's Investors Service launched a monthly newsletter focused on credit risks in the automotive industry.
The newsletter extends the rating agency's coverage of credit instruments directly impacted by the declining consumer credit quality.
In the new publication called Moody"s Auto Navigator, analysts examine breaking developments in all auto-related areas of finance such as ABS deals, automotive financing firms, and the fundamental credit quality of the automakers.
The new cross-sector report features articles written by the rating agency's structured finance, financial company, retail, and industrial analysts, as well as by Moody's Economy.com economists.
This publication follows Moody's Credit Card Statement newsletter, which was launched in November, which was designed to increase the amount of information that the agency provides investors related to consumer credit.
"Moody"s extensive bench of seasoned analysts across a multiple sectors enables us to provide unique insights into the uncertain times facing automakers and U.S. consumers," said Claire Robinson, senior managing director for asset finance and chair of the editorial board of Moody's Auto Navigator. "The newsletter gives investors access to Moody"s most current thinking on all credit topics related to autos."
The first issue of "Moody"s Auto Navigator" includes a discussion of the likely impact of rising jobless claims on the loan performance of securitizations, an analysis of the decline in auto sales, and a discussion of Moody"s recent rating actions on floorplan securitizations.