Moody's: Chinese auto ABS recovery rates to improve due to surge in used vehicle sales
Announcement: Moody's: Chinese auto ABS recovery rates to improve due to surge in used vehicle sales. Global Credit Research- 04 Jul 2017. Hong Kong, July 04, 2017-- Moody's Investors Service says that the significant increase in used vehicle trading volumes in China is credit positive for Chinese auto ABS, because the higher volumes will boost recovery rates on the defaulted loans in the deals.
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