NEW YORK–(BUSINESS WIRE)–#KBRA–Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for October.
October remittance reports showed stable credit performance within securitized marketplace consumer loan pools during the September collection period. Annualized net losses declined slightly in our Tier 1 index but ticked up in our Tier 2 index on a month-over-month (MoM) basis, while 30+ day delinquency rates were flat versus the previous month. Meanwhile, prepayment rates remained at elevated levels, as economic recovery, higher personal savings rate, child tax credit payments, and low interest rates likely continue to support borrower debt reduction.
Click here to view the report.
About KBRA
KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.
Contacts
Brian Ford, CFA, Senior Director
Structured Finance Research
+1 (646) 731-2329
brian.ford@kbra.com
Andrew Ye, Senior Analyst
Structured Finance Research
+1 (646) 731-1232
andrew.ye@kbra.com
Business Development Contact
Ted Burbage, Managing Director
+1 (646) 731-3325
ted.burbage@kbra.com
