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-Announcement: Moody's: Performance of Indian auto ABS stabilizes in January following deterioration immediately post demonetization

Mar 02, 2017 - ENP Newswire

Moody's Investors Service says the performance of rated Indian auto asset backed securities (ABS) leveled off in January 2017 after worsening immediately after demonetization, and expects auto ABS performance to not deteriorate beyond March 2017, as the economy recovers, and oil prices remain range-bound and budget policy initiatives provide support.

Signs of stabilization appeared in January 2017, with collection efficiency rising half a percentage point to 93.0% from December 2016, but w...