S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDICES SHOW FOURTH CONSECUTIVE COMPOSITE RATE INCREASE IN MARCH 2022

All Loan Types Show Higher Default Rates

NEW YORK, April 19, 2022 /PRNewswire/ — The S&P Dow Jones and Experian Indices today released data through March 2022 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of the evolution of consumer credit defaults and show that the composite rate rose two basis points to 0.48%. The delinquency rate for bank cards rose 12 basis points to 2.27%. The default rate on auto loans rose four basis points to 0.56%, while the default rate on first mortgages rose one basis point to 0.35%.

Four of the five major Metropolitan Statistical Areas (“MSAs”) posted higher default rates compared to last month. New York saw the largest increase, up 16 basis points to 0.80%. Los Angeles rose four basis points to 0.39%. Chicago gained three basis points to 0.52% while Dallas rose one basis point to 0.56%. Miami was down 19 basis points to 0.76%.

The table below summarizes March 2022 results for the S&P/Experian Consumer Credit Default Indices. These data are not seasonally adjusted and are not subject to revision.

Index levels – National indices

Hint

March 2022

February 2022

March 2021

Composite

0.48

0.46

0.54

First mortgage

0.35

0.34

0.37

Bank card

2.27

2.15

3.15

Car loans

0.56

0.52

0.48

Source: S&P/Experian Consumer Credit Default Indices

Data through March 2022

The table below provides the index levels for the top five MSAs tracked by the S&P/Experian Consumer Credit Default Indices.

Index Levels – Major MSAs

MSA

March 2022

February 2022

March 2021

New York

0.80

0.64

0.86

Chicago

0.52

0.49

0.59

dallas

0.56

0.55

0.59

Los Angeles

0.39

0.35

0.50

Miami

0.76

0.95

1.23

Source: S&P/Experian Consumer Credit Default Indices

Data through March 2022

For more information on the S&P Dow Jones Indices, please visit www.spglobal.com/spdji/fr/.

ABOUT THE S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDEXES

Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are released on the third Tuesday of each month at 9:00 a.m. ET. They are designed to track the default experience of consumer balances in four key loan categories: auto, credit card, first mortgage lien and second mortgage lien. The indices are calculated based on data extracted from Experian’s consumer credit database. This database is populated with individual consumer loan and payment data submitted by lenders to Experian each month. Experian’s database of contributors includes leading banks and mortgage companies, and covers approximately $11 trillion in outstanding loans from 11,500 lenders.

For more information, please visit: www.spindices.com/indices/indicators/sp-experian-consumer-credit-default-composite-index.

ABOUT THE S&P DOW JONES INDICES

S&P Dow Jones Indices is the world’s largest resource for essential index-based concepts, data and research, and is home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than in products based on indices of any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has innovated and developed across the spectrum of asset classes helping to define how investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential information for individuals, businesses and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/fr/.

ABOUT EXPERIAN

Experian is the world leader in information services. During life’s big moments – from buying a house or car, to sending a kid to college, to growing a business by connecting with new customers – we enable consumers and our customers to manage their data with confidence. We help individuals take financial control and access financial services, businesses make smarter decisions and thrive, lenders lend more responsibly, and organizations prevent identity theft and crime. .

We have 17,800 people operating in 45 countries and every day we invest in new technologies, talented people and innovation to help all of our customers maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are part of the FTSE 100 index.

Learn more about www.experianplc.com or visit our global content hub on our world news blog for the latest news and insights from the Group.

FOR MORE INFORMATION:

Ray McConvilleNorth America CommunicationsNew York, USA (+1) 212 438 [email protected]

Annie RussellExperian Public Relations(+1) 714 830 [email protected]

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SOURCES S&P Dow Jones Indices