Introducing the Auto ABS Performance Tracker for Australian Transactions

March 21, 2024
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The Australian Securitisation Forum has released an Auto ABS (asset-backed securities) Performance Tracker designed specifically for Australian transactions. Developed by Moody’s, the tracker leverages data analysis to provide insight into the credit performance of ABS in the Australian market where the collateral is passenger and light commercial vehicles.

Commenting on the launch, Chris Dalton (Chief Executive Officer, Australian Securitisation Forum), stated "The ASF is pleased to introduce the Auto ABS Performance Tracker to the Australian market, particularly at a time when we are seeing strong growth in the sector. We believe it will be a useful tool to support increasing domestic and international investor interest in the Australian auto ABS market.”

Australian Auto ABS public issuance more than doubled in 2023, reaching a record amount of close to AUD13 billion of new issuance.

“The tracker covers all Australian public term transactions rated by any one of the licensed credit rating agencies, providing unprecedented coverage of the auto ABS market,” said Vladimirs Zlotnikovs (Associate Director, Moody’s).

The tracker includes aggregated arrears and outstanding balance information as well as a breakdown of the types of vehicles and loans underlying the transactions. Updated monthly, the Tracker will provide an overview of market trends and enable transactions to be benchmarked to the market. The Auto ABS Performance Tracker is available on a complimentary basis. To access the information, click here.