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KBRA Releases Monthly Auto Loan Indices for August

September 11, 2019

NEW YORK--(BUSINESS WIRE)--Sep 11, 2019--

Kroll Bond Rating Agency (KBRA) releases its Auto Loan Indices for the month of August and reports on delinquency roll rates from asset-level disclosures.

Servicer reports showed mixed results across securitized prime and non-prime auto loan pools in August. KBRA’s Prime Auto Loan Index showed year-over-year (YoY) improvements for the 19th consecutive month, driven by index mix shift and tighter credit underwriting. However, KBRA’s Non-Prime Auto Loan Index underperformed as losses rose on both a month-over-month and YoY basis.

Meanwhile, an analysis of loan level data showed some improvements in credit as the percentage of prime and non-prime borrowers who went from 60+ days delinquent to current rose to 21.5% and 14.7%, respectively, up from 20.8% and 12.8% during the previous month.

To access the report, click here.

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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. KBRA is also 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190911005605/en/

CONTACT: Analytical:

Brian Ford, CFA, Structured Finance Research

(646) 731-2329

bford@kbra.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES INSURANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2019.

PUB: 09/11/2019 11:37 AM/DISC: 09/11/2019 11:37 AM

http://www.businesswire.com/news/home/20190911005605/en

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