Subprime Auto Loan Asset-Backed Securities: A 25 Year Retrospective
Senior Director, S&P Global Inc.
From 1996 through 2021, the subprime auto ABS industry grew from $3 billion in annual issuance to $30 billion while weathering multiple downturns. Learn the history of this asset class and how the collateral and ratings performed through various economic periods, including the COVID-19-induced recession. Also learn of how the credit rating agency responded to the pandemic and how they are determining expected losses and stress scenarios for subprime issuers.