KBRA Releases RMBS Credit Indices (KCI) for May 2021

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases its RMBS Credit Indices (KCI) for May 2021. The indices track early-, mid-, and late-stage delinquencies, observed modifications, prepayment speeds, and other performance metrics across four major RMBS 2.0 subsectors.

KBRA includes modified (%) in its RMBS KCIs, which represents the portion of loans for each deal that Intex reports as having a modification or “suspected” modification. Intex advises that loan modification data via its data providers may be lagged by one or two months, and the reported data has been normalized by Intex. “Suspected” modifications represent a determination made by Intex when servicer/trustee data is deemed to be insufficient but where the historical data and performance of the loans “strongly suggest” that a loan modification has occurred.

Click here to view the report.

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Contacts

Analytical Contacts

Brian Ford, CFA, Structured Finance Research

+1 (646) 731-2329

[email protected]

Jack Kahan, Senior Managing Director

+1 (646) 731-2486

[email protected]

Ashish Sharda, Senior Director

+1 (646) 731-2415

[email protected]

Andrew Ye, Senior Analyst

+1 (646) 731-1232

[email protected]

Business Development Contact

Michele Patterson, Managing Director

+1 (646) 731-2397

[email protected]

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