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Covid to impact performance of asset-backed securities: Moody s

Covid to impact performance of asset-backed securities: Moody s ​ By IANS | ​ 0 Views Moody s.. Image Source: IANS News Chennai, June 1 : The economic slowdown caused by the resurgence of Covid-19 in India will impact the performance of asset backed securities (ABS) such as commercial vehicle loans, among others, said Moody s Investors Service. Slowing economic activity in India due to the second wave (of Covid-19) will constrain commercial vehicle owners capacity to pay auto loans. As a result, commercial vehicle loan delinquencies will increase in India and collection rates will remain below the March levels over the next three to six months, said Dipanshu Rustagi, Assistant Vice President and Analyst at Moody s.

Resurgence of Coronavirus to hurt commercial vehicle loans: Moody s

Resurgence of Coronavirus to hurt commercial vehicle loans: Moody’s SECTIONS Share Synopsis Slowing economic activity in India due to the second wave will constrain commercial vehicle owners capacity to pay auto loans. As a result, commercial vehicle loan delinquencies will increase in India and collection rates will remain below March levels over the next three to six months, says Dipanshu Rustagi, a Moody s Assistant Vice President and Analyst. Getty Images Representative Image India s coronavirus resurgence has delayed the country s economic recovery, which will hurt the performance of asset-backed securities backed by commercial vehicle loans, according to a report by Moody s Investors Service.

Indian asset-backed securities performance risks remain despite better collections: Moody s

 0 Indian asset-backed securities (ABS) performance risks will remain elevated over the next 12 months, as weak economic conditions will continue to hurt borrowers ability to repay loans, Moody s Investors Service said in a new report on Thursday.   As payment moratoriums came to an end in August, collections in rated Indian ABS improved markedly in September and October, although they remain below pre-coronavirus levels, said Dipanshu Rustagi, a Moody s Assistant Vice President and Analyst.   According to Moody s Investors Service, delinquency rates for rated auto and micro, small and mid-size enterprise (MSME) loan ABS have increased, indicating that some borrowers are not able to resume or sustain repayments amid the deep economic contraction.

Coronavirus pandemic to keep repayment risks elevated for securtised loans

Coronavirus pandemic to keep repayment risks elevated for securtised loans
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