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Prime quality U.S. vehicle leases back an issue comprising 91% class A notes.
July 17 -
The deal has a slightly higher weighted-average FICO and slightly lower exposure to longer-term loans than its predecessor but a slightly worse FICO tier distribution.
July 17 -
The dollar-denominated auto loan notes are protected by currency swaps.
July 11 -
The underlying portfolio of car, utility vehicle and light-duty truck loans has a weighted average FICO score of 782.
July 11 -
The concentration of FICO scores over 750 in the collateral pool is the highest for Hyundai auto ABS transactions since 2017.
July 10 -
The underlying collateral pool is smaller than in the automaker's comparable ABS transaction in 2022, but with larger principal balances and higher APRs.
July 10 -
Both credit card and student loan issuers made up for tepid starts to 2023 by leaping over their first-quarter production numbers, but it wasn't enough to overcome an overall slide.
July 10 -
DriveTime's latest has initial hard credit enhancement that ranges from 55.70% for the class A notes to 15.40% for the class E notes, and the company just bumped up its warehouse commitment.
July 7 -
Tesla features prominently in the collateral, representing 41.73% of receivables from borrowers with higher FICO scores than the overall pool.
July 5 -
The percentage of loans in ACM's top customer score, 6, was 33.24%, a decrease from 35.17%, but deal's WA loan-to-value ratio was 113.83%, up from 112.72%.
June 22