KBRA Releases Marketplace Consumer Loan Indices for September
NEW YORK--(BUSINESS WIRE)--Oct 5, 2018--Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for September.
Annualized net losses in KBRA’s Tier 1 Index climbed to 4.98%, while Tier 2 Index loss rates fell to 11.07%, down 14bp MoM and 150bp YoY. Meanwhile, KBRA’s Tier 3 Index experienced strong collateral performance metrics again this month, driven by stronger performance in Avant’s (AVNT) 2017 and 2018 vintage deals versus their 2016 vintage.
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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: Kroll Bond Rating Agency
Brian Ford, CFA, Structured Finance Research
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE INSURANCE
SOURCE: Kroll Bond Rating Agency
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PUB: 10/05/2018 01:22 PM/DISC: 10/05/2018 01:22 PM