Bulletin: GM Financial Consumer Automobile Receivables Trust 2024-2 ECNL Lowered Following Annual Review - S&P Global Ratings’ Credit Research

Bulletin: GM Financial Consumer Automobile Receivables Trust 2024-2 ECNL Lowered Following Annual Review

Bulletin: GM Financial Consumer Automobile Receivables Trust 2024-2 ECNL Lowered Following Annual Review - S&P Global Ratings’ Credit Research
Bulletin: GM Financial Consumer Automobile Receivables Trust 2024-2 ECNL Lowered Following Annual Review
Published May 05, 2025
Published May 05, 2025
Price Free  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) May 5, 2025--S&P Global Ratings completed its annual review of GM Financial Consumer Automobile Receivables Trust 2024-2 on April 28, 2025. We adjusted and lowered our expected cumulative net loss (ECNL) for the series 2024-2 notes to 1.00% because the series is performing better than expected and its losses are lower than our initial loss expectations of 1.15%. The notes are backed by prime auto loan receivables that are originated and serviced by General Motors Financial Co. Inc. In its annual review, S&P Global Ratings reviews its credit ratings on the issuer and issue(s), their most recent performance data, and any recent market developments. Annual reviews may, depending on their outcome, result in a referral of

  
Report Type:

Bulletin

Issuer
Sector
Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: GM Financial Consumer Automobile Receivables Trust 2024-2 ECNL Lowered Following Annual Review" May 05, 2025. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-GM-Financial-Consumer-Automobile-Receivables-Trust-2024-2-ECNL-Lowered-Following-Annual-Review-3363862>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: GM Financial Consumer Automobile Receivables Trust 2024-2 ECNL Lowered Following Annual Review May 05, 2025. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-GM-Financial-Consumer-Automobile-Receivables-Trust-2024-2-ECNL-Lowered-Following-Annual-Review-3363862>
  
Free
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.