NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for June.
Based on June remittance reports, marketplace consumer loans continued to exhibit solid credit performance during the May collection period. Annualized net losses in our Tier 2 and Tier 3 indices fell 105 and 137 basis points (bps) month-over-month (MoM), respectively, coming in at 5.74% and 6.17%, while Tier 1 losses rose 33 bps to 4.3% versus the previous month. Net loss rates in all three indices remained well below their year-ago levels.
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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.
