BRIEF-Fitch Ratings Coronavirus To Pressure China's Near-Term Auto-Abs Performance
- Country:
- China
FITCH: * CORONAVIRUS TO PRESSURE CHINA'S NEAR-TERM AUTO-ABS PERFORMANCE
* EXPECT SHORT-TERM RISE IN EARLY DELINQUENCY RATIOS IN CHINA IN 1Q20 DUE TO EXTENDED HOLIDAYS & LOSS OF INCOME FROM COVID-19 CONTAINMENT MEASURES * BELIEVE IMPACT ON CHINA'S OUTSTANDING AUTO ABS WILL BE LIMITED AS MOST ISSUERS MATCH INTEREST-RATE EXPOSURE ON BOTH ASSET & LIABILITY SIDES
* DO NOT EXPECT DEFAULTS IN CHINA'S NEAR TERM AUTO-ABS TO INCREASE SIGNIFICANTLY AT THIS STAGE Source text for Eikon:
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