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