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.
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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
[email protected]
Eric Neglia, Senior Managing Director
ABS Consumer
+1 (646) 731-2456
[email protected]
Andrew Ye, Senior Analyst
Structured Finance Research
+1 (646) 731-1232
[email protected]
Business Development Contact
Ted Burbage, Managing Director
+1 (646) 731-3325
[email protected]
