the agency said that most indian auto abs are backed by commercial vehicle loans mumbai the ongoing economic growth slowdown will have an adverse impact on trucking fleet operators revenues and ability to repay loans global ratings agency moodys investors service warned on thursday the losses to assetbacked securities abs will also rise as the economy slows it said gdp growth slipped to a sixyear low of 5 per cent for the june quarter leading many to worry about what will be sectoral impact of such a development soft consumption and weak services activity in india will constrain demand for freight transport by commercial vehicle operators in turn reducing operators revenue and weakening their ability to repay loans its analyst dipanshu rustagi said advt the agency said that most indian auto abs are backed by commercial vehicle loans and past episodes of slowing economic growth such as during the 201214 financial years have witnessed an increase in auto abs loss rates it made it clear that abs delinquencies have not increased significantly in the present slowdown however slowdown the performance of commercial vehicle loans backing abs deals could deteriorate significantly if economic conditions remain subdued for a prolonged period rastogi said pti published on sep 5 2019 at 0925 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app trucks gdp assetbacked security moody auto slowdown indian economy homenewseconomic slowdown may adversely impact truck operators revenue