U.S. Equipment Loan & Lease ABS Indices: September 2026
Monthly Overview
KBRA’s headline Equipment Loan and Lease ABS Index showed mixed performance in September, with annualized net losses declining 7 basis points (bps) and 60+ day delinquencies increasing 4 bps month-over-month (MoM). The decline in net losses was driven by a 19-bp decrease in the Large Ticket sub-index, which was offset by a 13-bp increase in the Small-Medium Ticket sub-index. Meanwhile, delinquencies moved up 7 bps in the Large Ticket sub-index and remained broadly stable in the Small-Medium Ticket sub-index, rising 1 bp MoM.
On a year-over-year (YoY) basis, annualized net losses and delinquencies declined 36 bps and 14 bps, respectively. Net losses decreased 21 bps in the Small-Medium Ticket sub-index and 46 bps in the Large Ticket sub-index. Meanwhile, delinquencies fell 12 bps in the Small-Medium Ticket sub-index and 16 bps in the Large Ticket sub-index.
Current indices values as well as MoM and YoY changes are presented in the table below. The data shown in this…
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