Dipanshu Rustagi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 rem...

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 o...

 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 ...

“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,” says Dipanshu Rustagi, Moodys Assistant Vice President.