NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan
indices for December.
Marketplace consumer loan performance was mixed in December as
delinquency rates moved higher in KBRA’s three indices, while annualized
net loss rates saw some improvements month-over-month. The rise in
delinquencies may be due to seasonal factors, similar to what we see in
subprime auto loan collateral pools, where loan performance typically
deteriorates from November to January, as borrowers use excess cash for
their holiday spending.
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About KBRA and KBRA Europe
KBRA is a full service credit rating agency registered with the U.S.
Securities and Exchange Commission as an NRSRO. In addition, KBRA is
designated as a designated rating organization by the Ontario Securities
Commission for issuers of asset-backed securities to file a short form
prospectus or shelf prospectus, is recognized by the National
Association of Insurance Commissioners as a Credit Rating Provider, and
is a certified Credit Rating Agency (CRA) by the European Securities and
Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is
registered with ESMA as a CRA.
Brian Ford, CFA,
Structured Finance Research