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KBRA Releases Equipment Loan & Lease Indices for September

October 04, 2021, 07:05 AM
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Topic: Industry News

Kroll Bond Rating Agency (KBRA) released 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 percent, remaining near historical lows.

View the Kroll Bond Rating Agency indices here.

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