Kroll Bond Rating Agency (KBRA) releases its inaugural Equipment Loan & Lease indices for April 2021. In reviewing credit trends for the sector, this new index aims to complement KBRA’s series of monthly auto, consumer loan, and residential index publications.

Based on April remittance reports, credit performance remained on solid footing as of the March collection period. KBRA’s headline Equipment Loan & Lease Index posted an annualized net loss rate of 0.14% in April, down 7 basis points (bps) month-over-month (MoM) and 43 bps year-over-year (YoY), while the percentage of lease payments 60+ days past due came in at 0.55%, down 18 bps MoM and 28 bps YoY. Although delinquency rates and annualized net losses rose during the first few months of the pandemic, both metrics have recovered and are now trending at historically low levels.

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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.

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