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Press release content from Business Wire. The AP news staff was not involved in its creation.

KBRA Releases Marketplace Consumer Loan Indices for September 2021

October 8, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Oct 8, 2021--

Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for September.

September remittance reports showed stable credit performance in securitized marketplace consumer loan pools during the August collection period. Annualized net losses increased slightly in both our Tier 1 and Tier 2 indices on a month-over-month (MoM) basis, while 30+ day delinquency rates remained relatively flat versus the previous month. Meanwhile, prepayment rates remained at elevated levels, as labor marker gains and low rates likely supported borrower debt reduction.

Click here to view the report.

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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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211008005444/en/

CONTACT: Brian Ford, CFA, Senior Director

Structured Finance Research

+1 (646) 731-2329

brian.ford@kbra.com

Andrew Ye, Senior Analyst

Structured Finance Research

+1 (646) 731-1232

andrew.ye@kbra.com

Business Development Contact

Ted Burbage, Managing Director

+1 (646) 731-3325

ted.burbage@kbra.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2021.

PUB: 10/08/2021 12:46 PM/DISC: 10/08/2021 12:46 PM

http://www.businesswire.com/news/home/20211008005444/en