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European Auto ABS Index Report Q4 2008—Overall Delinquency Rates Remain Broadly Stable, But Spanish Arrears Continue To Increase Mar 09 Product Image

European Auto ABS Index Report Q4 2008—Overall Delinquency Rates Remain Broadly Stable, But Spanish Arrears Continue To Increase Mar 09

  • ID: 1711446
  • March 2009
  • Region: Europe, Spain
  • Standard & Poors

FEATURED COMPANIES

  • Bumper 2 S.A.
  • Driver UK One PLC
  • FCT Eurotruck Lease II
  • LTR Finance No. 6 PLC
  • LTR Finance No. 7 Ltd.
  • VCL No. 8 Ltd.
  • MORE

Abstract
Overall delinquency rates in Standard & Poor's Ratings Services' European auto ABS indices have remained broadly stable during Q4 2008 compared with their levels at the end of Q3. Loans more than 90 days in arrears increased by 12 basis points (bps) to 1.19% in December 2008, from 1.07% at the end of Q3. Loans more than 90 days in arrears in the Spanish auto asset-backed securities (ABS) sector increased to 3.17% at the end of Q4 from 2.41% at the end of Q3. During Q4 we have raised ratings in one deal and lowered ratings in four others. We also placed the notes of one deal on CreditWatch positive and the notes of four others on CreditWatch negative. The...

Companies mentioned in this report are:
- SAGRES Sociedade de Titularizacao de Creditos, S.A.
- BBVA Autos 2, Fondo de Titulizacion de Activos
- VCL No. 8 Ltd.
- LTR Finance No. 6 PLC
- BBVA Finanzia Autos 1, Fondo de Titulizacion de Activos
- Driver UK One PLC
- FCT Eurotruck Lease II
- Bumper 2 S.A.
- LTR Finance No. 7 Ltd.

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Note: Product cover images may vary from those shown

- SAGRES Sociedade de Titularizacao de Creditos, S.A.
- BBVA Autos 2, Fondo de Titulizacion de Activos
- VCL No. 8 Ltd.
- LTR Finance No. 6 PLC
- BBVA Finanzia Autos 1, Fondo de Titulizacion de Activos
- Driver UK One PLC
- FCT Eurotruck Lease II
- Bumper 2 S.A.
- LTR Finance No. 7 Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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