KBRA Announces the Creation of Its Monthly Auto Loan Indices

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Kroll Bond Rating Agency (KBRA) has published its prime and non-prime auto loan ABS indices for the first time, providing high-level commentary, as well as making the underlying data available to investors. The indices include data from all outstanding securitized auto loan collateral pools, not just from deals that KBRA rates. The report makes the following key points:

  • Credit performance continued to weaken across auto loan ABS collateral pools in September (as shown in October remittance reports). With net loss rates and 60+ day delinquencies rising year-over-year in both indices.
  • Much of the month-over-month rise in loss rates is likely a function of seasonal effects, while we believe much of the year-over-year deterioration has been caused by mix shift in both indices.

Related Publications: (available at www.kbra.com)


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About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

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Business Wire: 22:33 GMT Monday 30th October 2017

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