Wednesday, February 28, 2024
spot_img
HomeNewsBusiness WireKBRA Releases Auto Loan ABS Indices for March 2022

KBRA Releases Auto Loan ABS Indices for March 2022

NEW YORK–(BUSINESS WIRE)–#KBRA–KBRA releases its auto loan ABS indices for March 2022.

March remittance reports showed improved auto loan credit performance across both prime and non-prime loan pools during the February collection period. The month-over-month improvements in both indices is consistent with typical seasonal trends as borrowers receive tax refunds, providing an additional source of cash to catch up on past due loan payments. While we wouldn’t be surprised to see stable or improving credit metrics next month, we broadly expect credit performance to weaken in both indices throughout 2022 as inflationary pressures and the lack of further stimulus weigh on consumer balance sheets.

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

Analytical Contact

Brian Ford, CFA, Managing Director

Structured Finance Research

+1 (646) 731-2329

[email protected]

Business Development Contact

Ted Burbage, Managing Director

+1 (646) 731-3325

[email protected]

spot_img
RELATED ARTICLES
spot_img
spot_img
spot_img

Caribbean News

More effort needed to remove existing trade barriers, says CARICOM’s deputy SG

GEORGETOWN, Guyana, (DPI) - Deputy Secretary General of CARICOM, Dr Armstrong Alexis said that to remove existing trade barriers, the CARICOM member states must...

Global News

Tanzania set to host Commonwealth law ministers meeting on equal justice for all

TANZANIA, East Africa - The United Republic of Tanzania is all set to welcome ministers and attorneys-general to the Commonwealth Law Ministers Meeting, which...