KBRA Releases Monthly Auto Loan Indices for November

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) released its monthly auto loan indices for the month of November. The accompanying commentary highlights the fact that auto loan ABS collateral performance was surprisingly strong. Notably, November was the first month where KBRA’s Non-Prime Index posted a year-over-year improvement in net loss rates and 60+ day delinquencies in over 24 months. The improvement is likely a result of relief programs offered by auto lenders in hurricane af