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KBRA Releases Marketplace Consumer Loan Indices for November

December 7, 2018

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

Marketplace consumer loan collateral performance weakened in November, as annualized net losses moved higher in all three of KBRA’s indices month-over-month (MoM). The MoM weakness may be due to seasonal factors, similar to what we see in subprime auto loan collateral pools, where losses peak from November to January, as borrowers use excess cash for their holiday spending. Loss rates were fairly stable on a year-over-year (YoY) basis in KBRA’s Tier 1 and Tier 2 indices and improved in KBRA’s Tier 3 index.

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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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005364/en/

CONTACT: Analytical:

Brian Ford, CFA, Structured Finance Research

(646) 731-2329

bford@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE INSURANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2018.

PUB: 12/07/2018 11:25 AM/DISC: 12/07/2018 11:24 AM

http://www.businesswire.com/news/home/20181207005364/en

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