NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for October.
Servicer reports showed mixed credit performance in securitized marketplace consumer loan pools in October. October credit performance in KBRA’s Tier 1 index worsened on both a month-over-month and year-over-year basis, while credit metrics in our Tier 2 index showed varied results. Finally, our Tier 3 index continued to show solid improvements driven by Avant’s tighter underwriting.
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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. KBRA is also 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.
Brian Ford, CFA, Structured Finance Research
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