KBRA Releases Equipment Loan & Lease Indices for August 2021

NEW YORK–(BUSINESS WIRE)–#KBRA–Kroll Bond Rating Agency (KBRA) releases its Equipment Loan & Lease indices for August 2021.

The equipment loan and lease securitization sector continued to display positive credit performance during the July collection period (based on August remittance reports). KBRA’s headline Equipment Loan & Lease Index posted its second consecutive month of negative net losses. These negative annualized net loss values are not uncommon in periods of relatively low gross losses, because recoveries come in over several months and may outpace new defaults, especially when new defaults are low. Meanwhile, the percentage of payments 60+ days past due fell 16 basis points month-over-month and 34 basis points year-over-year to 0.55%, remaining near historic lows.

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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.

Contacts

Analytical


Brian Ford, CFA, Senior Director

Structured Finance Research

+1 (646) 731-2329

brian.ford@kbra.com

Joanne DeSimone, Senior Director

ABS Commercial

+1 (646) 731-2306

joanne.desimone@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