Kroll Bond Rating Agency (KBRA) releases its Auto Loan Indices for the month of December and reports on delinquency roll rates from asset-level disclosures.
Auto loan ABS credit performance showed signs of improvement in December, with KBRA’s Prime Auto Loan Index and Non-Prime Auto Loan Index posting stable or lower delinquency and loss rates. Despite the favorable month-over-month and year-over-year performance, we expect delinquency and loss rates to remain elevated over the next couple of months, before beginning a downward trend in March (February collection period), as borrowers begin to receive tax refunds, providing an additional source of cash flow to help them pay their auto loans.
To view the report, click here.
CONNECT WITH KBRA
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200117005458/en/
Contacts:
