Market Overview

KBRA Releases Monthly Auto Loan Indices for November


Kroll Bond Rating Agency (KBRA) released its monthly auto loan indices
for the month of November. The accompanying commentary highlights the
fact that auto loan ABS collateral performance was surprisingly strong.
Notably, November was the first month where KBRA's Non-Prime Index
posted a year-over-year improvement in net loss rates and 60+ day
delinquencies in over 24 months. The improvement is likely a result of
relief programs offered by auto lenders in hurricane affected areas of
Texas and Florida. Meaning that the year-over-year improvement will
likely be transitory, as collections practices begin to normalize, and
seasonal factors push losses higher as the holiday season approaches.

To view the report, click here.

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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
recognized by the National Association of Insurance Commissioners as a
Credit Rating Provider and a certified Credit Rating Agency (CRA) by the
European Securities and Markets Authority (ESMA). Kroll Bond Rating
Agency Europe Limited is registered with ESMA as a CRA.

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