Moody's Investors Service on Tuesday affirmed its Aaa rating for $27 million of securities issued by Jayhawk Acceptance Corp., which filed for bankruptcy protection last week.

The rating agency's action was a dose of good news for investors who have been spooked by troubles at Jayhawk and Mercury Finance Co., two subprime auto lenders that ran into severe financial troubles this month.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.