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KBRA Releases Marketplace Consumer Loan Indices for NovemberKroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for November. Marketplace consumer loan credit performance softened in November, with net losses and delinquency rates climbing year-over-year across all three of our indices. KBRA's Tier 3 (News - Alert) index was the worst performing, as losses rose a whopping 658bp versus October and 252bp compared to a year ago. The underperformance of our Tier 3 index was primarily driven by a spike in losses across Avant's securitized collateral pools, due to a one-time servicing change. To access the report, click here. CONNECT WITH KBRA YouTube 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) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. View source version on businesswire.com: https://www.businesswire.com/news/home/20191206005444/en/ |