KBRA Releases Marketplace Consumer Loan Indices for December

NEW YORK--()--Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for December.

Servicer reports showed mixed credit performance across securitized marketplace consumer loan pools in December. On a month-over-month basis, annualized net losses and 60+ day delinquencies were flat or down in KBRA’s Tier 1 and Tier 2 indices; however, both metrics were up on a year-over-year basis. Meanwhile, annualized net losses remained elevated in KBRA’s Tier 3 index due to a one-time change in the payment method in mid-2019 for a small segment of Avant’s customers. Avant expects performance metrics to return to normal levels in January, which should lead an improvement in our Tier 3 index’s credit performance.

To access the report, click here.

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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.

Contacts

Analytical Contact:

Brian Ford, CFA, Structured Finance Research
(646) 731-2329
bford@kbra.com

Business Development Contact:

Ted Burbage, Managing Director
(646) 731-3325
tburbage@kbra.com

Contacts

Analytical Contact:

Brian Ford, CFA, Structured Finance Research
(646) 731-2329
bford@kbra.com

Business Development Contact:

Ted Burbage, Managing Director
(646) 731-3325
tburbage@kbra.com