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Get The file Please report any dead link if you see Who is Four-Mod? Twenty-two-year-old Sakonratt Worn-aurai (Four) and 17-year-old Chutimon Chairat (Mod) are currently at the top of Thailand’s girl-group heap. Since they made their debut two years ago, Four-Mod have been popping up everywhere — on TV, in the papers, on posters and on the radio. |
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Interesting Money Resource
This has nothing to do with 4-Mod but it's a pretty good to get to know this. The performance of auto loan asset-backed securities is expects to be pressured by rising delinquencies this year. So be prepared!
Acording to Fitch forecast, delinquency and annualized net loss levels on auto loans will increase by more than 40 percent in 2009 as the unemployment rate balloons.
"Declining asset performance will make certain transactions more vulnerable to downgrades throughout this year, with subordinate bonds likely to absorb most of the negative rating actions," said Hylton Heard, Fitch senior director, in a statement.
However, Fitch said triple-A rated prime auto ABS should remain fairly stable this year.
In 2008, upgrades outnumbered downgrades in prime auto ABS by 8 to 1, the ratings service said. Most transactions were able to absorb losses without material credit deterioration, Fitch said.
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