TEXT-Fitch:Indian tractor loan ABS's unique performance drivers

Newswire

(The following statement was released by the rating agency) Sept 21- Fitch Ratings in its report published today, analyses the key aspects that differentiate tractor loans from other asset classes like commercial vehicle and construction equipment loans and their resulting impact on asset-backed securitisations of tractor loans. The report analyses close to 80,000 loans amounting to INR21.9bn, originated between 2004 to 2010 by Mahindra & Mahindra Financial Services Limited ('Fitch ...

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