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

KBRA Releases Auto Loan ABS Indices for November

December 22, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Dec 22, 2020--

Kroll Bond Rating Agency (KBRA) releases its auto loan ABS indices for November.

Early-stage delinquencies in the KBRA Prime Auto Loan Index rose 4 basis points (bps) month-over-month (MoM) to 0.95% in November, while late-stage delinquencies dropped 2 bps to 0.35%. Meanwhile, early- and late-stage delinquencies in the KBRA Non-Prime Auto Loan Index climbed to 6.89% and 3.90%, respectively, up 14 bps and 5 bps versus the previous month. However, both delinquency metrics remained meaningfully lower on a year-over-year (YoY) basis, while annualized net loss rates are at their lowest levels in years, as a result of a strong used car market and low delinquency rates throughout the spring and summer months.

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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 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. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201222005466/en/

CONTACT: Analytical

Brian Ford, CFA

Structured Finance Research

+1 (646) 731-2329

bford@kbra.com

Andrew Ye, Senior Analyst

Structured Finance Research

+1 (646) 731-1232

aye@kbra.com

Business Development

Ted Burbage, Managing Director

+1 (646) 731-3325

tburbage@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES AUTOMOTIVE GENERAL AUTOMOTIVE INSURANCE FINANCE BANKING

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2020.

PUB: 12/22/2020 10:28 AM/DISC: 12/22/2020 10:28 AM

http://www.businesswire.com/news/home/20201222005466/en