KBRA publishes ABS indices for auto loans for July 2021

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NEW YORK–() – Kroll Bond Rating Agency (KBRA) publishes ABS indices for auto loans for July 2021.

July remittance reports showed a decline in credit scores across most securitized auto loan pools during the June collection period, in line with typical seasonal trends. Early-stage delinquencies (30-59 days delinquency) in the Prime Auto Loan Index from KBRA increased by 3 basis points (bp) month-over-month (MoM) to 0.77%, while delinquencies at the late stage (60+ days overdue) grew 2 bp. up to 0.26%. Meanwhile, early and late delinquencies on the KBRA Index of Indirect Auto Loans rose 56 and 42 basis points, respectively, to 6.68% and 3.43%.

Click on here to view the report.

About KBRA

KBRA is a full service rating agency registered in the US, EU and UK and dedicated to providing structured finance ratings in Canada. KBRA ratings can be used by investors for capital regulation purposes in multiple jurisdictions.

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