Subprime Auto ABS: Claudia Assis and Rachel Koenig Beals say “yes” to riskier but “no” to viral.

This is a very balanced article on the state of auto ABS in which Claudia Assis and Rachel Koenig Beals say “yes” to riskier but “no” to viral. The article also does a thorough job of reviewing fundamental factors influencing the demand for auto ABS. This was a good dialogue on the my recent posting about “near prime” in auto ABS. The key to managing risk prudentially is measuring it with precision and consistency.