According to Kroll Bond Rating Agency’s equipment loan and lease indices for December 2021, credit performance weakened somewhat across most securitized equipment loan and lease pools during the November collection period.
In addition, annualized net losses in KBRA’s equipment loan and lease index turned positive for the first time since June 2021, rising to 0.06%, or up 24 basis points month over month. However, this mark was down 15 basis points year over year, as gross charge-offs and loan severity rates edged slightly higher.
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