KBRA Releases Marketplace Consumer Loan Indices for April
NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases its Marketplace Consumer Loan
Indices for April.
Marketplace consumer loan performance showed mixed results in April,
despite many borrowers receiving a tax refund, providing an additional
source of cash to catch-up on late payments. Annualized net losses in
KBRA’s Tier 1 and Tier 2 indices rose 43bp and 63bp to 5.96% and 11.71%,
respectively. Meanwhile, KBRA Tier 3 index outperformed, with annualized
net losses falling 809bp to 15.73% in April.
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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. 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.
Contacts
Analytical Contacts:
Brian Ford, CFA, Structured Finance Research
(646) 731-2329
bford@kbra.com