NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its marketplace consumer loan indices for January.
Marketplace consumer loan performance was mixed last month, as annualized net losses climbed in KBRA’s Tier 1 and Tier 2 indices but fell in our Tier 3 index. Meanwhile, delinquency rates were stable or inched higher across all three indices, likely driven by seasonal factors, as some loan borrowers recover from holiday spending and the partial government shutdown.
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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, is 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.
