NEW YORK--(BUSINESS WIRE)--Sep 11, 2018--Kroll Bond Rating Agency (KBRA) releases its auto loan indices for the month of August. The accompanying commentary highlights the fact that securitized auto loan credit performance was stable to slightly weaker in August remittance reports, but continues to improvement YoY, as the used car market has rebounded and many issuers have tightened their credit box. MoM deterioration in both indices should continue through the remainder of the year, as summer travel and holiday spending weigh on borrower finances.

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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 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.

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CONTACT: Analytical:

Kroll Bond Rating Agency

Brian Ford, CFA, Structured Finance Research

646-731-2329

bford@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE INSURANCE

SOURCE: Kroll Bond Rating Agency

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PUB: 09/11/2018 10:00 AM/DISC: 09/11/2018 10:01 AM

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