KBRA Releases Research – Recurring Revenue Loan Metrics Dashboard: May 2024 Update
May 15 2024 - 10:31AM
Business Wire
KBRA releases an updated report that tracks several reported
metrics within recurring revenue loan (RRL) securitizations. This
is an update to our February analysis.
In this reports, KBRA continues to track several key metrics (in
dashboard form) sourced from quarterly collateral loan tapes
provided by the issuers of KBRA-rated RRL securitizations. Changes
in such metrics can provide an indication of the general health and
credit quality of the portfolios. The February analysis used
collateral tapes dated through December 2023, and for this update
we utilized reports dated through March 2024. Notably, cash and
liquidity figures have stabilized and increased
quarter-over-quarter (QoQ), but remain down year-over-year (YoY).
ARR continues to increase across the names in the portfolios, while
weighted average life (WAL) continues to fall.
Click here to view the report.
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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.
Doc ID: 1004309
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