Despite tumbling stock prices and negative news nearly every week, subprime auto lenders are still finding buyers for their asset-backed securities.

Issuance of securities backed by loans to consumers with poor credit histories was higher during the first quarter than in the same period a year earlier, said John C. Speaks, vice president at Moody's Investors Service, although companies must offer higher yields than before.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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