Performance of asset-backed securities to improve, Moody's says
Vincent Tordo, a Moody's Analyst said, "Although retail loans originated by non-bank financial companies (NBFCs) -- subject to the tighter criteria since 1 March 2016 -- account for the bulk of assets backing Indian ABS, we expect improving macroeconomic conditions and more rigorous collection processes by originators will boost their underlying performance."
Moody's on Thursday said that the performance and asset quality of retail loans backing Indian asset-backed securities (ABS) will improve over the next two years. Photo: Pixabay