Kroll Bond Rating Agency releases its equipment loan and lease indices for September 2021.

The index posted a full 12 months of positive credit performance in September. Annualized net losses remained near zero and 60 or more day delinquencies were low and stable, as reported in September remittance reports (based on August month-end data). As KBRA mentioned in previous months, near-zero annualized net losses can occur during periods of relatively low defaults because recoveries from previous defaults come in over several months and may outpace new defaults during the month. The percentage of payments 60 or more days past due increased 13 basis points month over month but fell 20 basis points year over year to 0.68%, remaining near historical lows.