NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its monthly auto loan indices. The accompanying commentary highlights the fact that auto loan collateral performance metrics improved month-over-month, with annualized net losses and 60+ day delinquencies falling in both KBRA’s Prime and Non-Prime Indices. However, non-prime index losses and delinquencies remain elevated compared to a year ago, mostly driven by a change in issuer mix and servicing changes.
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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.