I forgot to post this from 6th June.Fitch has upgraded 7 note classes and affirmed 13 from four Flexi and humm ABS Trusts from the consumer book.
It "reflects asset performance that has been better than Fitch expected".An early YE update would be nice - we won't get it!I am reminded of the 5th May update - “The combination of higher gross income and the benefits of cost saving initiatives are expected to mitigate the seasonal impact of credit losses and margin compression, resulting in a second half normalised cash profit higher than the first half.“So the June upgrade on Consumer is welcome, how much has changed in the last few weeks?
AA still buying before the trading blackout in a couple of days.
I forgot to post this from 6th June.Fitch has upgraded 7 note...
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