KBRA Releases Monthly Auto Loan Indices for May

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases its Auto Loan Indices for the
month of May and reports on delinquency roll rates from asset-level
disclosures.

Servicer reports in May showed credit performance continued to improve
across securitized prime and non-prime auto loan collateral pools during
the April collection period. Both indices may have benefited from the
waning effects of tax filing season, as many late filers received their
refunds in late April. However, with the effects of the tax season now
in the rear-view mirror, we expect credit performance to slowly
deteriorate over the coming months.

Although our indices showed improved month-over-month metrics,
asset-level disclosures told a different story. The percentage of
borrowers who went from 60+ days delinquent to current in April was
22.8% and 16.8%, respectively, down from 24.8% and 21.5% during the
previous month.

To view the report, click here.

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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 Contact:
Brian Ford,
CFA, Structured Finance Research
(646) 731-2329
bford@kbra.com