Servicer reports showed mixed credit performance in securitized marketplace consumer loan pools in September. Annualized net losses rose sharply in KBRA’s Tier 2 index, while performance was stable or improved in KBRA’s Tier 1 and Tier 3 indices.
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KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.