NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its monthly auto loan indices for the month of February. The accompanying commentary highlights the fact that auto loan ABS collateral performance improved in February. However, Non-Prime Index delinquency rates remain at elevated levels, mostly driven by a change in issuer mix. We expect auto loan collateral performance to continue to improve next month as borrowers receive tax refunds, providing an additional source of cash flow to help them pay their auto loans.
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KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and 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.