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According to a new report released by Moody's investor services, due to the slowdown of economic growth, trade tensions and the increase of household debt, the default rate and default rate of most of China's structured financing asset classes will rise slightly on the basis of low level in 2020.
Wu Yuning, vice president of Moody's and senior credit rating director, said: "we expect that in 2020, the default rate and default rate of auto loan ABS, consumer loan ABS and clo will rise slightly, but the default rate and default rate of RMB's loan will remain stable at a low level."
In terms of automobile loan ABS, supported by the strong characteristics of the asset pool, the loan default rate and default rate will only rise slightly, and the quality of new loans will be generally good. But the downturn in auto sales may prompt some auto financing companies to adopt more relaxed loan review standards.

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