Aug 31 (Reuters) - Moody's -
* Asia Pacific auto ABS market shows strong performance in Q2 2017
* Performance of loans backing auto abs in China, Australia,Japan was strong in Q2, while the market in India showed signs of stabilization
* Expects China's GDP to grow by 6.8% in 2017, which will also support auto loan performance
* Outstanding China auto ABS continued to perform well; delinquencies likely to remain at their current low levels throughout 2017
* In Japan, annualized default rate for auto loan ABS that Moody's rates increased to 0.70% at end-Q1 2017 from 0.49% at end-Q4 2016
* For Australian auto ABS, average 30+ days delinquency rate increased to 1.74% at end-Q2, from 1.53% at end-Q1 2017 and 1.46% at end-Q2 2016
* In India, average 30+ days delinquency rate decreased to 6.08% in June 2017 from 6.58% in March 2017