Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Oct 12, 2018 06:17 AM IST | Finance

IL&FS default shows ABS servicer continuity risk: Fitch

 Recent defaults by Infrastructure Leasing and Financial Services (IL&FS) have highlighted the continuity risks of the country's asset-backed security (ABS) servicers, Fitch said in its report Thursday.
It further said the failure of IL&FS has significantly undermined market sentiment towards the country's non-bank financial institution (NBFI) sector and their ABS issuance.
Transaction flow has stalled and there is a rise in yields on the securitisation notes of NBFIs, it added.
IL&FS default shows ABS servicer continuity risk: Fitch
Published Date: Oct 11th, 2018 04:06 PM | Updated Date: Oct 12, 2018 06:17 AM IST
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

More From
Live TV