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KBRA released its Equipment Loan & Lease indices for May 2022, providing monthly credit trends across securitized loan and lease pools.
May remittance reports showed a slight softening of credit performance across securitized equipment loan and lease pools. Annualized net losses in KBRA’s headline Equipment Load & Lease Index rose 0.13 percent, an increase of 9 basis points (bps) month over month (MoM) and 22 bps compared with a year-ago level. Meanwhile the percentage of accounts 60+ days past due rose 19 bps MoM and 11 bps year over year (YoY) to 0.64 percent.
See the full report here.