NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for February.
Credit performance was mixed across KBRA’s three marketplace consumer loan indices in February, as net losses in KBRA’s Tier 1 and Tier 3 indices climbed slightly on a month-over-month (MoM) basis, while KBRA’s Tier 2 index showed improved credit metrics compared to January. We expect loss rates to generally decline over the next few months as borrowers begin to receive their tax refunds, providing an additional source of cash flow.
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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. 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.