NEW YORK--(BUSINESS WIRE)--Sep 7, 2018--Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for August.

The primary market was active again this month, with Upstart and Prosper pricing a total of $688 million of marketplace consumer loan bonds. Looking at collateral performance in August, the results were mixed, but fundamentals remain solid. Annualized net losses in KBRA’s Tier 1 Index rose to 4.60%, while Tier 2 Index loss rates came in at 11.21%, down 89bp MoM, but up 50bp YoY. Meanwhile, KBRA’s Tier 3 Index experienced strong collateral performance metrics, driven by stronger performance in Avant’s (AVNT) 2017 vintage deals versus their 2016 vintage.

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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.

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CONTACT: Analytical:

KBRA

Brian Ford, CFA, 646-731-2329

Structured Finance Research

bford@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Kroll Bond Rating Agency

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PUB: 09/07/2018 12:36 PM/DISC: 09/07/2018 12:36 PM

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