KBRA Releases Research – Recurring Revenue Loan Metrics Dashboard: May 2024 Update

KBRA releases an updated report that tracks several reported metrics within recurring revenue loan (RRL) securitizations.

In this report, KBRA continues to track several key metrics (in dashboard form) sourced from quarterly collateral loan tapes provided by the issuers of KBRA-rated RRL securitizations. Changes in such metrics can provide an indication of the general health and credit quality of the portfolios. The February analysis used collateral tapes dated through December 2023, and for this update we utilized reports dated through March 2024. Notably, cash and liquidity figures have stabilized and increased quarter-over-quarter (QoQ), but remain down year-over-year (YoY). ARR continues to increase across the names in the portfolios, while weighted average life (WAL) continues to fall.

Click here to view the report.

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