NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) released its marketplace consumer loan indices for June.
Credit performance was somewhat mixed again this month, but fundamentals remain stable. Performance in KBRA’s Tier 1 Index deteriorated, as higher losses in some of SoFi’s (SCLP) 2017 vintage pools pushed index annualized net losses higher for the month. However, performance metrics in KBRA’s Tier 2 and Tier 3 indices improved, driven by loan seasoning and tighter underwriting from some issuers.
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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.