-

KBRA Releases Auto Loan ABS Indices for February 2022

NEW YORK--(BUSINESS WIRE)--KBRA releases its auto loan ABS indices for February 2022.

February remittance reports showed that auto loan credit performance continued to soften across prime and non-prime loan pools during the January collection period. Broadly, we expect credit performance to continue to weaken in both indices throughout 2022, as inflationary pressures and the lack of further stimulus weigh on consumer balance sheets. However, tight labor markets, excess savings built up throughout the pandemic, and the approaching tax refund season should help to hamper any sudden or meaningful deterioration in credit. It is also probable that auto loan net loss rates will eventually come under increasing pressure as used vehicle values begin to normalize, but this may not occur in 2022.

Click here to view the report.

About KBRA

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.

Contacts

Analytical Contact

Brian Ford, CFA, Managing Director
Structured Finance Research
+1 (646) 731-2329
brian.ford@kbra.com

Business Development Contact

Ted Burbage, Managing Director
+1 (646) 731-3325
ted.burbage@kbra.com

KBRA

Details
Headquarters: New York City, New York
CEO: Jim Nadler
Employees: 400+
Organization: PRI

Release Versions

Contacts

Analytical Contact

Brian Ford, CFA, Managing Director
Structured Finance Research
+1 (646) 731-2329
brian.ford@kbra.com

Business Development Contact

Ted Burbage, Managing Director
+1 (646) 731-3325
ted.burbage@kbra.com

More News From KBRA

KBRA Assigns Preliminary Ratings to RCKT Mortgage Trust 2026-CES2 (RCKT 2026-CES2)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 21 classes of mortgage-backed notes from RCKT Mortgage Trust 2026-CES2 (RCKT 2026-CES2). RCKT Mortgage Trust 2026-CES2 (RCKT 2026-CES2) is a $551.0 million RMBS transaction, as of the cut-off date, sponsored by Woodward Capital Management LLC, a wholly owned affiliate of Rocket Mortgage, LLC, and Loan Funding Structure VI LLC, and consists entirely of newly originated closed-end second lien mortgages (CES; 100.0%). The underlying po...

KBRA Releases Research – CMBS Loan Performance Trends: January 2026

NEW YORK--(BUSINESS WIRE)--The 30+ day delinquency rate among KBRA-rated U.S. private label commercial mortgage-backed securities (CMBS) increased to 8.1% in January from 7.6% in December, while the distress rate (which reflects delinquent plus current-but-specially-serviced loans) increased to 10.7% from 10.4%. The office delinquency rate increased 156 basis points (bps) this month to 13.9%. This jump is mainly attributed to One New York Plaza ($835 million in ONYP 2020-1NYP), which transferre...

KBRA Assigns A+ Rating to City of Chicago O'Hare International Airport Revenue Bonds Series 2026A

NEW YORK--(BUSINESS WIRE)--KBRA assigns an A+ long-term rating to the City of Chicago (the City) Chicago O'Hare International Airport (O'Hare) General Airport Senior Lien Revenue Bonds (O'Hare GARBs), Series 2026A (Non-AMT). Concurrently, KBRA affirms the A+ rating on the City's approximately $10.8 billion of Chicago O'Hare International Airport General Airport Senior Lien Revenue Bonds. The Outlook is Stable. The City's O'Hare GARBs are secured by a first lien pledge of Net Revenues derived fr...
Back to Newsroom