KBRA Releases its Monthly Auto Loan Indices for May
NEW YORK--(BUSINESS WIRE)--Jun 12, 2018--Kroll Bond Rating Agency (KBRA) releases its auto loan indices for the month of May. The accompanying commentary highlights the fact that auto loan collateral performance metrics improved for the fourth consecutive month, with annualized net losses and 60+ day delinquencies falling in both KBRA’s Prime and Non-Prime Indices. This month should mark a low point in net loss and delinquency rates in both indices, as the benefit of tax refunds has likely been exhausted and summer travel expenses and other seasonal factors should cause auto loan performance to weaken for the remainder of the year.
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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.
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CONTACT: Kroll Bond Rating Agency
Brian Ford, CFA, 646-731-2329
Structured Finance Research
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Kroll Bond Rating Agency
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PUB: 06/12/2018 07:30 AM/DISC: 06/12/2018 07:30 AM