NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its Equipment Loan & Lease indices for June 2021.
June remittance reports showed that securitized equipment loan and lease credit performance remained relatively stable during the May collection period. KBRA’s headline Equipment Loan & Lease Index posted an annualized net loss rate of 0.03%, up 12 basis points (bps) month-over-month (MoM) but down 47 bps year-over-year (YoY). Meanwhile, the percentage of payments 60+ days past due came in at 0.60%, an increase of 7 bps versus the previous month but a decline of 57 bps compared with year-ago levels.
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KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.