April 12, 2018 / 3:37 AM / 2 months ago

BRIEF-Moody's Says Indian Auto ABS Benefits From Higher Economic Growth

April 11 (Reuters) - Moody’s:

* MOODY’S SAYS INDIAN AUTO ABS BENEFITS FROM HIGHER ECONOMIC GROWTH, DELINQUENCY RATES TO STAY STABLE THROUGH 2018

* MOODY’S EXPECTS THAT THE INDIAN ECONOMY WILL GROW 7.6% IN 2018 COMPARED WITH 6.2% IN 2017

* MOODY’S SAYS INDIAN AUTO ABS DELINQUENCY RATES WILL REMAIN STABLE AT CURRENT LEVELS THROUGH 2018

* MOODY'S SAYS INDIAN DELINQUENCY RATES FOR SMALL- AND MEDIUM-SIZE ENTERPRISE ABS BACKED BY LOANS AGAINST PROPERTY WILL CONTINUE TO RISE Source: bit.ly/2qp7kcv

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