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Used-Car Dealer Halts Plans for Subprime Auto Loan Offering

(Bloomberg) Private equity-backed used-car dealer Byrider chose not to proceed with its latest subprime auto asset-backed security deal, a sign that investors may be growing reluctant to buy some lower-rated securitizations. Most Read from BloombergIsrael Latest: Iranian Minister Warns US Over Support of IsraelHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingS&P 500 Extends Slide From Its July Peak to 10%: Markets WrapEverything Apple Plans to Launch at Oct. 30 ‘ ....

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Used-Car Dealer Halts Plans for Subprime Auto Loan Offering

Used-Car Dealer Halts Plans for Subprime Auto Loan Offering
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United States , Tricolor Holdings , Deutsche Bank , Indiana Based Byrider , Altamont Capital Partners ,