U.S. Equipment Loan & Lease ABS Indices: June 2026

Monthly Overview

KBRA’s headline Equipment Loan and Lease ABS Index showed improved credit performance, with lower month-over-month (MoM) annualized net losses and delinquency rates. The headline net loss rate fell 21 basis points (bps) MoM, driven by both a 34-bp decline in KBRA’s Small-Medium Ticket sub-index and a 13-bp decrease in the Large Ticket sub-index. Similarly, the headline delinquency rate (60+ days) also improved MoM, declining 14 bps, with both sub-indices posting comparable improvements.

Similarly, on a year-over-year (YoY) basis, the headline index and sub-indices also showed improved results compared to last year. Headline net losses improved significantly, falling 31 bps YoY, primarily driven by a 73-bp decline in the Small-Medium Ticket sub-index. Meanwhile, headline delinquencies improved 37 bps YoY, with stronger performance across both subsectors.

Current indices values as well as MoM and YoY changes are presented in the table below. The data shown in this report…