Reuters logo
BRIEF-Moody's says Asia Pacific auto ABS market shows strong performance in Q2 2017
August 31, 2017 / 7:48 AM / 3 months ago

BRIEF-Moody's says Asia Pacific auto ABS market shows strong performance in Q2 2017

Aug 31 (Reuters) - Moody’s -

* Asia Pacific auto ABS market shows strong performance in Q2 2017

* Performance of loans backing auto abs in China, Australia,Japan was strong in Q2, while the market in India showed signs of stabilization

* Expects China’s GDP to grow by 6.8% in 2017, which will also support auto loan performance

* Outstanding China auto ABS continued to perform well; delinquencies likely to remain at their current low levels throughout 2017

* In Japan, annualized default rate for auto loan ABS that Moody’s rates increased to 0.70% at end-Q1 2017 from 0.49% at end-Q4 2016

* For Australian auto ABS, average 30+ days delinquency rate increased to 1.74% at end-Q2, from 1.53% at end-Q1 2017 and 1.46% at end-Q2 2016

* In India, average 30+ days delinquency rate decreased to 6.08% in June 2017 from 6.58% in March 2017 Source text - bit.ly/2elbf3B (Bengaluru Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below