DBRS Morningstar Hosts a Frontline Perspectives Webinar: U.S. Consumer ABS 2023 Outlook

This year, we face a challenging and uncertain economic backdrop. In the spring of 2022, the U.S. had its first quarterly decline in real GDP following six consecutive quarters of growth. The Federal Reserve reversed course and pulled back from its accommodative monetary policy with seven successive interest rate increases beginning in March 2022. While consumers displayed resiliency throughout the Coronavirus Disease (COVID-19) pandemic, much of that strength was heavily supported by federal stimulus measures, which have since expired. Nonetheless, DBRS Morningstar has a stable credit rating outlook across U.S. consumer asset-backed securities (ABS).

DBRS Morningstar expects to see some deterioration in underlying consumer ABS collateral performance amid this inflationary environment with rising costs of goods, particularly across subprime auto and consumer loans, but we believe structural mechanisms such as deleveraging and credit enhancement will help to mitigate this expected decline in collateral performance.

Join DBRS Morningstar on January 31 at 2:00 p.m. EST for a Frontline Perspectives webinar moderated by Stephanie Mah, Senior Vice President, Structured Finance Research. We will focus on the U.S. consumer ABS outlook for 2023, with shared perspectives from U. S. ABS Senior Vice Presidents Ines Beato, Jon Riber, and Du Trieu. We will present an overview of major factors affecting the ABS market as well as specifics across consumer ABS sectors including auto loans, credit card receivables, consumer loans, student loans, and timeshares. The discussion will be followed by a Q&A session for the audience to participate in the conversation.

WEBINAR DETAILS
Date: January 31, 2023
Time: 2:00 p.m. EST/1:00 p.m. CST

To register for the webinar, click here: https://www.brighttalk.com/webcast/15677/571819

DBRS Morningstar uses BrightTALK to host its webinars. There is a free one-time registration required with BrightTALK to access the platform.

If you are unable to join the webinar live, a replay will be available at the same link listed above.

You can also read DBRS Morningstar’s commentary on the same topic here: https://www.dbrsmorningstar.com/research/408194/us-abs-2023-outlook.

Notes:
For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

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