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KBRA Releases Marketplace Consumer Loan Indices for October

November 9, 2018

NEW YORK--(BUSINESS WIRE)--Nov 9, 2018--Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for October.

Marketplace consumer loan collateral performance improved in October, with annualized net loss rates falling MoM and YoY in all three of our indices. Annualized net losses in KBRA’s Tier 1 and Tier 2 marketplace consumer loan indices fell to 4.90% and 10.57%, respectively. Meanwhile, KBRA’s Tier 3 Index experienced strong collateral performance metrics again this month, driven by solid performance in Avant’s (AVNT) 2017 and 2018 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181109005434/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 BANKING FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2018.

PUB: 11/09/2018 11:47 AM/DISC: 11/09/2018 11:46 AM

http://www.businesswire.com/news/home/20181109005434/en

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