A top infrastructure lender in India is now being questioned by regulators over its $12.6 billion debt, just months after creditors gave the lender a seal of approval. Reports in Bloomberg said Infrastructure Leasing & Financial Services (IL&FS) Group, a top financier of infrastructure projects,...
Borrowers in the U.S. are defaulting on subprime auto loans at a higher rate than during the financial crisis in 2008. Data from Fitch Ratings shows that the delinquency rate for subprime auto loans more than 60 days past due reached the highest since 1996...
May 15, 2018
Borrowers in the U.S. are defaulting on subprime auto loans at a higher rate than during the financial crisis in 2008. Data from Fitch Ratings shows that the delinquency rate for subprime auto loans more than 60 days past due reached the highest since 1996 at 5.8 percent. The default rate during the 2008 financial […]
