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Moody’s Warns about the Impact of the Coronavirus on the Collection of Doubtful Debts

Moody's has warned that the coronavirus is "directly and severely affecting" the operation of judicial systems, which is delaying the recovery of non-performing loan securitisations, the so-called NPLs.

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Moody’s has warned that the measures imposed to contain the spread of the coronavirus are directly and severely affecting the operation of judicial systems, which is delaying the recovery of non-performing loan securitisations, the so-called NPLs.

The credit rating agency explained that the closure of the courts directly affects rulings, which is being further compounded by the lack of property inspections and the suspension of auctions.

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