Monthly Overview
KBRA’s U.S. Marketplace Consumer Loan ABS Index displayed a modest softening in credit performance in June. Annualized net loss and 30+ day delinquency rates increased 66 basis points (bps) and 43 bps month-over-month (MoM), respectively. This more moderate increase in losses and delinquencies follows three months of volatile reversals in March through May, driven by the shorter day count in the February collection period. Meanwhile, both credit metrics improved compared to year-ago levels, with net losses down 141 bps year-over-year (YoY), landing at 12.71%, and delinquencies falling 10 bps to 5.78%.
Current index values as well as MoM and YoY changes are presented in the table below. The data shown in this report and other indices metrics can be found here.