0

Suggestions

0

Fitch: Indian SF Performance Robust in Q211; Outlook Stable

July 18, 2011
by
1 min read

The FINANCIAL — Mumbai/Singapore-18 July 2011: Fitch Ratings has said that five publicly rated Indian structured finance tranches were upgraded during Q211 and a further 24 were affirmed.

The five upgrades related to the second loss credit facilities of four transactions backed by tractor and commercial vehicle (CV) loans and one transaction backed by auto loans. The upgrades were driven by an increase in credit enhancement, defaults being lower than Fitch's expectations and amortisation of the underlying assets.

The tranches affirmed during the quarter related to 11 transactions backed solely by CV loans, six by a mixed pool of tractor and CV loans, two by auto loans and five by mortgage loans.

The Outlook assigned to most ratings is Stable, with four second loss credit facilities having Positive Outlooks.

The FINANCIAL
The FINANCIAL Latest posts
  1. KfW strengthens social protection in Asia and Africa
  2. Health and consumer crisis: Europeans remain cautious
  3. British Airways’ Customers and Colleagues Helping Communities in Need
  4. Bitcoin Hits $500K on Russian Crypto Exchange After Hackers Take Control — Users Cry Exit Scam

Leave a Reply

Related stories


Fatal error: Uncaught Error: Call to a member function have_posts() on null in /home/slonfcxh/public_html/wp-content/themes/fox/data/archive.php:731 Stack trace: #0 /home/slonfcxh/public_html/wp-content/themes/fox/widgets/latest-posts/widget.php(273): fox56_blog_list() #1 /home/slonfcxh/public_html/wp-content/themes/fox/widgets/latest-posts/register.php(33): include('/home/slonfcxh/...') #2 /home/slonfcxh/public_html/wp-includes/class-wp-widget.php(394): Wi_Widget_Latest_Posts->widget() #3 /home/slonfcxh/public_html/wp-includes/widgets.php(847): WP_Widget->display_callback() #4 /home/slonfcxh/public_html/wp-content/themes/fox/data/single.php(418): dynamic_sidebar() #5 /home/slonfcxh/public_html/wp-content/themes/fox/data/single.php(136): fox56_single_sidebar() #6 /home/slonfcxh/public_html/wp-content/themes/fox/data/single.php(7): fox56_single_inner() #7 /home/slonfcxh/public_html/wp-content/themes/fox/single.php(23): fox56_single() #8 /home/slonfcxh/public_html/wp-includes/template-loader.php(132): include('/home/slonfcxh/...') #9 /home/slonfcxh/public_html/wp-blog-header.php(19): require_once('/home/slonfcxh/...') #10 /home/slonfcxh/public_html/index.php(17): require('/home/slonfcxh/...') #11 {main} thrown in /home/slonfcxh/public_html/wp-content/themes/fox/data/archive.php on line 731