Kroll Bond Rating Agency’s equipment loan and lease index exhibited relatively stable credit performance during the October 2021 reporting period. Annualized net losses remained below zero, as recoveries outpaced new defaults, while 60-plus day delinquencies ticked up 11 basis points versus the previous month, coming in at 0.77%.

Meanwhile, KBRA’s large-ticket and small-medium-ticket sub-indices each showed a similar trend in credit performance during the month. Annualized net losses have oscillated in and out of negative territory in both indices since Q2/21. Delinquency rates were also relatively stable versus the previous month and remain close to their year-ago levels.