KBRA Releases Research – Recurring Revenue Loan Metrics Dashboard: May 2024 Update

NEW YORK--()--KBRA releases an updated report that tracks several reported metrics within recurring revenue loan (RRL) securitizations. This is an update to our February analysis.

In this reports, KBRA continues to track several key metrics (in dashboard form) sourced from quarterly collateral loan tapes provided by the issuers of KBRA-rated RRL securitizations. Changes in such metrics can provide an indication of the general health and credit quality of the portfolios. The February analysis used collateral tapes dated through December 2023, and for this update we utilized reports dated through March 2024. Notably, cash and liquidity figures have stabilized and increased quarter-over-quarter (QoQ), but remain down year-over-year (YoY). ARR continues to increase across the names in the portfolios, while weighted average life (WAL) continues to fall.

Click here to view the report.

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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.

Doc ID: 1004309

Contacts

Sean Malone, Managing Director
+1 646-731-2436
sean.malone@kbra.com

Eric Hudson, Senior Managing Director
+1 646-731-3320
eric.hudson@kbra.com

Eric Thompson, SMD, Global Head of Structured Finance Ratings
+1 646-731-2355
eric.thompson@kbra.com

Media Contact

Adam Tempkin, Director of Communications
+1 646-731-1347
adam.tempkin@kbra.com

Business Development Contact

Jason Lilien, Senior Managing Director
+1 646-731-2442
jason.lilien@kbra.com

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Contacts

Sean Malone, Managing Director
+1 646-731-2436
sean.malone@kbra.com

Eric Hudson, Senior Managing Director
+1 646-731-3320
eric.hudson@kbra.com

Eric Thompson, SMD, Global Head of Structured Finance Ratings
+1 646-731-2355
eric.thompson@kbra.com

Media Contact

Adam Tempkin, Director of Communications
+1 646-731-1347
adam.tempkin@kbra.com

Business Development Contact

Jason Lilien, Senior Managing Director
+1 646-731-2442
jason.lilien@kbra.com