World News: 18:52 GMT Friday 11th January 2019. [Kroll Bond Rating Agency via Businesswire via SPi World News]
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.
Business Wire: 18:52 GMT Friday 11th January 2019
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