NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for June.
June remittance reports, which reflect collections in May (the second full month of pandemic-related stress) showed that delinquency rates continue to trend downward. While these early indicators are positive from a credit perspective, more elevated credit stress may transpire in the coming months due to a number of factors. These include high levels of unemployment, diminishing impact of stimulus checks, the looming expiration of enhanced unemployment benefits at month end, and increasing COVID-19 cases in a number of states.
Click here to view the report.
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) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.
