Report|2 Feb 2024

Equipment Loan & Lease ABS Indices: January 2024

January remittance reports showed mixed credit performance across securitized equipment loan and lease ABS collateral pools during the December collection period. In KBRA’s headline Equipment Loan & Lease Index, delinquencies (60+ days) rose 6 basis points (bps) month-over-month (MoM) and 31 bps year-over-year (YoY) to 1.06% (see Figure 1). Meanwhile, delinquencies climbed 25 bps MoM and 28 bps YoY to 1.42% in our Small-Medium Ticket sub-index (see Figure 2) and fell 4 bps MoM but rose 34 bps YoY to 0.83% in the Large Ticket sub-index (see Figure 3).

Annualized net losses in our headline Equipment Loan & Lease Index remained unchanged MoM but increased 7 bps YoY, landing at 0.61%. Small-Medium Ticket annualized net losses declined 15 bps MoM but rose 1 bp YoY to 0.89%, while Large Ticket net losses moved up 11 bps MoM and 13 bps YoY to 0.44%.

The data shown in this report and other indices metrics can be found

About the Indices

KBRA calculates the index values using monthly…

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