London, March 6, 2017 – ARC Ratings has published its Auto Loans and Leases Addendum Rating Criteria. ARC’s Auto Loan Addendum Criteria (the “Criteria”) applies to the long-term financing of ABS transactions for auto loans or leases. This should be read in conjunction with ARC’s Global Consumer ABS Criteria, which details how ARC analyses default and prepayment risk for these types of transactions. This criteria will discuss how ARC analyses Residual Value risk (‘RV’) and other items specific to auto transactions.