Kroll Bond Rating Agency (KBRA) released its equipment loan and lease indices for June 2021.

June remittance reports showed that securitized equipment loan and lease credit performance remained relatively stable during the May collection period. KBRA’s headline equipment loan and lease index posted an annualized net loss rate of 0.03%, up 12 basis points month over month but down 47 basis points year over year. Meanwhile, the percentage of payments more than 60 days past due came in at 0.6%, an increase of seven basis points versus the previous month but a decline of 57 basis points compared with year-ago levels.