Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for November.
Marketplace consumer loan credit performance softened in November, with net losses and delinquency rates climbing year-over-year across all three of our indices. KBRA’s Tier 3 index was the worst performing, as losses rose a whopping 658bp versus October and 252bp compared to a year ago. The underperformance of our Tier 3 index was primarily driven by a spike in losses across Avant’s securitized collateral pools, due to a one-time servicing change.
To access 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/20191206005444/en/
Contacts:
Brian Ford, CFA, Structured Finance Research
(646) 731-2329
bford@kbra.com