NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) released its inaugural U.S. consumer credit update quarterly report today. The report highlights trends within the U.S. economic and consumer landscape and provides insight into the potential impact of these trends on the performance of consumer asset-backed securities.
The report discussed changes to employment, the gross and discretionary income levels of U.S. consumers. KBRA provides insight regarding changes in the health of the consumer balance sheet composed of elements such as consumer debt, bankruptcies and defaults. When reviewing consumer data, KBRA focuses on changes over the past quarter in relation to the historical trends and highlights certain variables that may impact consumer credit quality going forward. KBRA notes that its ratings of individual transactions will relate to the specific performance to each transaction. However, KBRA monitors trends in the U.S. economy and consumer landscape in order to assess potential areas of concern for new and outstanding transactions within the Consumer ABS sector.
Please visit www.krollbondratings.com to view the report, Second Quarter 2013 U.S. Consumer Credit Update.
About Kroll Bond Rating Agency
KBRA was established in 2010 by Jules Kroll to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate, clear and transparent ratings. KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).