World News: 14:55 GMT Wednesday 11th July 2018. [Kroll Bond Rating Agency via Businesswire via SPi World News]
Kroll Bond Rating Agency (KBRA) releases its auto loan indices for the month of June. The accompanying commentary highlights the fact that auto loan collateral performance metrics were mostly positive during the month, with annualized net losses and 60+ day delinquencies falling in KBRA’s Prime Auto Loan Index. Annualized net losses also feel in our Non-Prime Index, but delinquency rates climbed, reversing a three-month downward trend. Last month we predicted that auto loan credit performance would begin to deteriorate in June. We saw this, to some extent, in non-prime delinquency rates, but we expect both prime and non-prime collateral performance to worsen in July, as seasonal factors should push losses and delinquency rates incrementally higher each month through the remainder of the year.
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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 recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and 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.
Business Wire: 14:55 GMT Wednesday 11th July 2018
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