Kroll Bond Rating Agency (KBRA) releases its Equipment Loan & Lease indices for June 2021.
June remittance reports showed that securitized equipment loan and lease credit performance remained relatively stable during the May collection period. KBRA’s headline Equipment Loan & Lease Index posted an annualized net loss rate of 0.03 percent, up 12 basis points (bps) month-over-month (MoM) but down 47 bps year-over-year (YoY). Meanwhile, the percentage of payments 60+ days past due came in at 0.60 percent, an increase of 7 bps versus the previous month but a decline of 57 bps compared with year-ago levels.
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