KBRA Releases Equipment Loan & Lease Indices for September 2021
NEW YORK–(BUSINESS WIRE)–#KBRA–Kroll Bond Rating Agency (KBRA) releases its Equipment Loan & Lease indices for September 2021.
KBRA’s Equipment Loan & Lease Index posted a full 12 months of positive credit performance in September. Annualized net losses remained near-zero and 60+ day delinquencies were low and stable, as reported in September remittance reports (based on August month-end data). As mentioned in previous months, near-zero annualized net losses can occur during periods of relatively low defaults because recoveries from previous defaults come in over several months and may outpace new defaults during the month. The percentage of payments 60+ days past due increased 13 basis points (bps) month-over-month but fell 20 bps year-over-year to 0.68%, remaining near historical 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