NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases the ABS Q4 2019 Outlook: Holding Steady report, which examines recent ABS credit trends, spread performance, and supply expectations, as well as recent performance in our auto loan and unsecured consumer loan indices.
The ABS market looks to be on solid footing heading into the fourth quarter. ABS spreads have held firm despite a surge in supply, which was easily absorbed by investors, and most deals have priced at or through the low end of guidance. ABS credit fundamentals also appear supportive heading into the final months of 2019, although there are some pockets of weakness.
To view the report, 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.
Brian Ford, CFA, Structured Finance Research