NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its auto loan indices for the month of February. Credit performance improved across most securitized auto loan pools in February and performance is expected to improve again in March, as borrowers continue to 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 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, is 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.