KBRA Releases Auto Loan ABS Indices for March 2021

b'Kroll Bond Rating Agency (KBRA) releases its auto loan ABS indices for March 2021.\nMarch remittance reports showed auto loan credit trends remained strong during the February collection period.

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Thursday, April 15, 2021
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  • b'Kroll Bond Rating Agency (KBRA) releases its auto loan ABS indices for March 2021.\nMarch remittance reports showed auto loan credit trends remained strong during the February collection period.
  • Early-stage delinquencies (30-59 days past due) in the KBRA Prime Auto Loan Index rose 1 basis point (bp) month-over-month (MoM) to 0.90%, while late-stage delinquencies (60+ days past due) declined 1 bp to 0.35%.
  • Meanwhile, early- and late-stage delinquencies in the KBRA Non-Prime Auto Loan Index were up 31 bps and down 14 bps MoM, respectively, coming in at 6.88% and 3.91%.
  • Annualized net losses in both indices came down from the prior month due to rangebound roll rates and favorable delinquency metrics earlier this year.


Kroll Bond Rating Agency (KBRA) releases its auto loan ABS indices for March 2021.

March remittance reports showed auto loan credit trends remained strong during the February collection period. Early-stage delinquencies (30-59 days past due) in the KBRA Prime Auto Loan Index rose 1 basis point (bp) month-over-month (MoM) to 0.90%, while late-stage delinquencies (60+ days past due) declined 1 bp to 0.35%. Meanwhile, early- and late-stage delinquencies in the KBRA Non-Prime Auto Loan Index were up 31 bps and down 14 bps MoM, respectively, coming in at 6.88% and 3.91%. Annualized net losses in both indices came down from the prior month due to rangebound roll rates and favorable delinquency metrics earlier this year. In both indices, delinquency rates remain meaningfully lower than year-ago levels, as government stimulus and hardship assistance programs have helped to keep many borrowers current on their loan payments.

Click here to view the report.

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.

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