Differential impact of demonetisation across ABS transactions: Ind-Ra
Credit ratings agency India Ratings and Research (Ind-Ra) on Monday said it has observed differential impact of demonetisation across asset-backed securities (ABS) transactions. According to the agency's report -- Indian ABS Escape Demonetization Stress Tests with Bruises -- while the impact of demonetisation in the commercial vehicle (CV) and construction equipment (CE) loans has been marginal, it was more telling…