Kroll Bond Rating Agency (KBRA) released its Equipment Loan & Lease indices for October 2021.

KBRA’s Equipment Loan & Lease Index exhibited relatively stable credit performance during the October reporting period. Annualized net losses remained below zero, as recoveries outpaced new defaults, while 60+ day delinquencies ticked up 11 basis points versus the previous month, coming in at 0.77 percent.

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 2021. Delinquency rates were also relatively stable versus the previous month and remain close to their year-ago levels.

Click here to view the report.