ELFA index: Leasing portfolios saw increased delinquencies last month

10/27/2009 | Forbes

Delinquencies on loans, leasing and lines of credit related to capital expenditure increased in September, the Equipment Leasing and Finance Association said Monday. There was a marked worsening of portfolio quality, according to Ralph Petta, interim president of the association. ELFA's capex-financing index, which tracks lending for equipment purchases, fell 30.9% in September from the same month in the previous year to $4.7 billion.

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