U.S. Equipment Loan & Lease ABS Indices: March 2026
Monthly Overview
Credit performance in KBRA’s headline Equipment Loan and Lease ABS Index improved this month, with both annualized net loss and delinquency rates declining month-over-month (MoM). Headline net losses fell 16 basis points (bps) MoM, driven by a sizable decline in KBRA’s Large Ticket sub-index (dropping 37 bps), but was partially offset by an 18-bp increase in KBRA’s Small-Medium Ticket sub-index. Meanwhile, the headline delinquency rate (60+ days) declined 14 bps MoM, as both sub-indices posted similar drops.
On a year-over-year (YoY) level, the headline index and sub-indices displayed weaker performance. Net loss and delinquency metrics deteriorated in both sub-indices, leading to the headline index posting a 17-bp increase in loss rate and 14-bp rise in the 60+ day delinquency rate.
Current index values as well as MoM and YoY changes are presented in the table below. The data shown in this report and other indices metrics can be found
About the Indices
KBRA’s headline…
Log in or Subscribe to KBRA Premium to view this report.
Trusted Ratings. Actionable Intelligence.
With a KBRA Premium subscription, you gain full access to KBRA’s authoritative ratings, deep research, and industry-leading analytics. Built for market professionals who require clarity, context, and confidence in every decision.