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

Monthly Overview

KBRA’s headline Equipment Loan and Lease ABS Index showed mixed performance in August, with annualized net losses essentially unchanged and the headline delinquency rate (60+ days) improving month-over-month (MoM). Headline net losses increased 1 basis point (bps), as an 11-bp rise in the Large Ticket sub-index was largely offset by a 12-bp decline in the Small-Medium Ticket sub-index. Meanwhile, headline delinquencies improved 8 bps MoM, driven by a 15-bp decline in the Large Ticket sub-index and partially offset by a 5-bp increase in the Small-Medium Ticket sub-index.

On a year-over-year (YoY) basis, net losses remained essentially unchanged, while delinquencies moved lower. Headline annualized net losses declined 1 bp YoY, resulting from an 18-bp decline in the Small-Medium Ticket sub-index and a 9-bp increase in the Large Ticket sub-index. Meanwhile, headline delinquencies fell 10 bps YoY, given the 14-bp drop in the Small-Medium Ticket sub-index and a 10-bp decline…