Majority of ABS rated by ICRA shows strong credit performance

Ratings agency ICRA on Monday said a majority of the 73 asset-backed securitisation (ABS) rated by it continued to demonstrate a strong credit performance. The total amount securitised was around Rs 17,255 crore and the cash collateral utilisation in most pools had been low to moderate, a release said, adding the quarterly update was till December.

The receivables included car, commercial vehicles, construction equipment, passenger vehicles, three-wheelers, two-wheelers, gold, micro-finance and unsecured personal loans, it added. Originators of the loans, include HDFC Bank and ICICI Bank, and non-bank lenders like Cholamandalam DBS, Grama Vidiyal Microfinance, Reliance Capital, Religare Finvest, Shram Transport Finance.