10.01.2014 20:37:00
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Moody's: Auto Loan ABS Recoveries to Continue to Decline in 2014
New York, January 10, 2014 -- Average recoveries on defaulted auto loans in both prime and non-prime pools in auto loan asset-backed securities (ABS) will fall over the next 12 months and start to stabilize at the beginning of 2015, according to a new report from Moody's Investors Service, "Auto Loan ABS Recoveries Will Continue to Slide in 2014."