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Home » Store » News » Sagging Economy Hurting ABS Market, Rating Agency Says

Sagging Economy Hurting ABS Market, Rating Agency Says

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Investors in the non-mortgage asset-backed securities market could be in for a rough ride this year as a worsening economy takes its toll on performance, Fitch Ratings has warned. “Consumers remain pressured on a number of fronts,” said Mike Dean, a managing director in Fitch’s consumer ABS unit in a teleconference held this week. “The negatives continue to outweigh the positives and Fitch remains concerned with consumer
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