News

KBRA Releases Monthly Auto Loan Indices for June

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

Servicer reports showed mixed results across securitized prime and non-prime auto loan pools in June. KBRA’s Prime Auto Loan Index showed year-over-year improvements for the 17th consecutive month, driven by index mix shift and tighter credit underwriting. However, KBRA’s Non-Prime Auto Loan Index underperformed as losses rose on both a month-over-month and year-over-year basis.

To access 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:

Brian Ford, CFA, Structured Finance Research

(646) 731-2329

bford@kbra.com

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