NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for May.
Marketplace consumer loan performance showed mixed results in May, with annualized net losses in KBRA’s Tier 1 and Tier 2 indices falling 95bp and 49bp to 5.06% and 11.22%, respectively. Meanwhile, KBRA Tier 3 index underperformed, with annualized net losses rising 253bp month-over-month to 18.25%. With the tax refund season now behind us, we expect performance to slowly deteriorate through the summer months.
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About KBRA and KBRA Europe
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. KBRA is also 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.