NEW YORK--(BUSINESS WIRE)--The recent sharp decline in auto sales in Brazil will contribute to further shrinkage of auto loan portfolios within the country's banks, adding to the headwinds of those banks dependent on auto lending, says Fitch Ratings. We believe it is unlikely that the auto loan growth will recover over the near term given our forecast for a 1% contraction in GDP in 2015. With the prospect that the end of Brazil's asset quality recovery for auto loans is nearing and the expected
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