Increased the loss expectations have weakened some credit metrics for Westlake Services’ latest securitization of subprime vehicle loan receivables.

The heightened risk is offset, though, by a continued expansion of its partnerships with franchise dealers that are putting customers into more reliable, and more expensive, vehicles.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.