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KBRA Releases Research – Auto Loan ABS: Grappling With Elevated Used Car Values

NEW YORK–(BUSINESS WIRE)–#KBRA–Kroll Bond Rating Agency (KBRA) releases research that analyzes the impacts of skyrocketing used vehicle prices on auto loan credit performance metrics, as well as discusses future implications as the economy marches toward a return to pre-pandemic norms. We expect supply and demand imbalances to gradually abate, which may negatively affect recovery rates on future defaults, leading to higher net losses. However, strengthened underwriting criteria amid the rising values may help mitigate this risk.

Click here to view the report.

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Contacts

Analytical Contacts

Brian Ford, CFA, Senior Director

Structured Finance Research

+1 (646) 731-2329

brian.ford@kbra.com

Eric Neglia, Senior Managing Director

ABS Consumer

+1 (646) 731-2456

eric.neglia@kbra.com

Andrew Ye, Senior Analyst

Structured Finance Research

+1 (646) 731-1232

andrew.ye@kbra.com

Business Development Contact

Ted Burbage, Managing Director

+1 (646) 731-3325

ted.burbage@kbra.com

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