MSME loans against property at higher default risk: Moody's
"Delinquencies will increase, but structural protections will curb deals' exposure to losses. We expect loan delinquency rates for LAP ABS, which have increased over the past year, to continue to rise. However, LAP ABS are well protected, because of the deals' structural protections, including non-amortising cash reserves and excess spread," Moody's said.
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