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.
To access ratings, reports and disclosures, click here.
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
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