Fri, Jun 20, 5:05 PM (23 days ago)
**Honda Auto Receivables 2024-4 Owner Trust (No Ticker)** **Financial Performance (Fiscal Year Ended March 31, 2025):** - **Revenue**: Not explicitly stated, as the trust's income is derived from the pool of auto receivables. - **Net Income**: Not explicitly stated. - **Operating Expenses**: Not explicitly stated. - **Earnings Per Share**: Not applicable, as the trust does not have common equity outstanding. **Strategic Overview & Future Outlook:** - The trust's strategic focus is on managing and servicing the pool of auto receivables. - The trust does not have a significant obligor, with no single obligor representing more than 10% of the pool assets. - There is no external credit enhancement or derivative instruments used to alter cash flows. **Risk Factors:** - Legal proceedings involving U.S. Bank and BNY Mellon, as trustees for other RMBS and student loan trusts, could potentially impact the trustee's reputation and operations. - No material legal proceedings are pending against the trust, sponsor, or depositor. **Financial Condition:** - The trust's financial condition is tied to the performance of the auto receivables pool. - No material instances of noncompliance with servicing criteria have been identified. **Market Position Changes:** - The trust does not have securities registered under Section 12 of the Exchange Act, and no market position changes are reported. **Key Takeaways:** - The trust's financial performance is dependent on the auto receivables pool. - Legal proceedings involving trustees for other trusts could pose indirect risks. - The trust maintains compliance with servicing criteria, and no material legal proceedings are pending against it.