From the ratings agency today
- Specifically, 30+ day delinquencies for Australian auto loan ABS transactions fell to 1.60% in August 2017 from 1.64% in July 2017, but rose from 1.42% in August 2016.
- Delinquencies for prime RMBS transactions fell to 1.55% in August 2017 from 1.60% in July 2017, but rose from 1.49% in August 2016.
- "Looking ahead, we expect that delinquencies for Australian auto loan ABS and prime RMBS will rise for the remainder of 2017," says Alena Chen, a Moody's Vice President and Senior Analyst.
I bolded the y/y rises .... which sort of contradicts the headline, as does we expect that delinquencies for Australian auto loan ABS and prime RMBS will rise for the remainder of 2017
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Australian auto loan asset-backed securities (ABS)
prime residential mortgage-backed securities (RMBS)
