Kroll Bond Rating Agency (KBRA) releases its auto loan indices for the month of September. The accompanying commentary highlights the fact that credit performance weakened across most securitized auto loan pools in September (August collection period). Month-over-month deterioration in both indices should continue through the remainder of the year, as holiday spending weighs on borrower finances.
To view the report, click here.
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KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is 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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Brian Ford, CFA, Structured Finance Research