NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its Auto Loan Indices for the month of October and reports on delinquency roll rates from asset-level disclosures.
Auto loan ABS credit performance weakened again this month, with net loss and delinquency rates climbing in KBRA’s Prime and Non-Prime indices. The month-over-month increase was expected as seasonal factors will likely continue to cause credit performance to deteriorate for the remainder of the year. On a year-over-year basis, both indices continued to show signs of improvement.
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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.