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KBRA Releases Marketplace Consumer Loan Indices for June 2021

July 9, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Jul 9, 2021--

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.

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/20210709005328/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

Ted Burbage, Managing Director

+1 (646) 731-3325

ted.burbage@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES INSURANCE FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2021.

PUB: 07/09/2021 11:25 AM/DISC: 07/09/2021 11:25 AM

http://www.businesswire.com/news/home/20210709005328/en