#KBRANews: "We believe that lowering the U.S. rating because of its current fiscal deficits or for its rancorous politics is ill-conceived," KBRA said in a statement, adding that another rating agency's "decision to hide behind comparative ratios to justify an arbitrary and

#KBRANews: ESG scoring frameworks within credit ratings don’t work, according to Patrick Welch, chief #ESG and #ratings policy officer at KBRA. With a 1-to-5 scale “you’re putting one scoring system – an ESG one – inside another scoring system, which is the #creditrating,” Welch

Recent news surrounding a #WeWork #office in San Francisco forces us to look at what can happen when the ‘roles as owner and tenant collide.’ Changes to ‘rent and lease obligations in the past four years’ means it’s difficult to define the company’s ‘exposure to the U.S.

KBRA ratings universe grows heading into 14th year in public finance bondbuyer.com/news/global-ra…

William Cox, Global Head of CFG Ratings at KBRA, joins #BloombergBusinessweek Podcast and shares his thoughts on the #privatecredit market. Listen to Bill's intriguing insights here: bloomberg.com/news/audio/202…

Wall Street is back in the #PrivateEquity game! "An example of the move can be seen with the pricing of unitranche loans, a blend of senior and subordinated debt, that non-bank lenders have increasingly offered to borrowers. The average premium for unitranche loans over broadly

We are excited to announce that KCP content is now available on the Bloomberg Terminal. For 10 years, #CMBS and CRE investors have relied on #KCP to provide objective, thoughtful, and comprehensive #creditanalysis. Each month, KCP's team of 40+ analysts publishes deal- and

Kicking off our daily #ChartoftheDay series, we highlight our expanded #PrivateCredit landscape of rated products. #KBRA has over 900+ ratings across 800+ transactions and issuers for 100+ different sponsors. Read more in our new #privatecredit #middlemarketborrower Surveillance

#FreddieMac’s proposed ‘home-equity loan pilot’ intended for use on “programmatic purchases of closed-end #secondliens” has the potential to “overlap with a #privatemarket when more broadly executed.” Learn more about KBRA’s view of the potential effect of the GSE program on the

“We’re seeing some defaults, but so far not as many as one might think, given the higher interest costs,” said William Cox, Global Head of Corporate, Financial and Government Ratings at KBRA, in a Bloomberg article today titled “KBRA Sees Quality Slip in Mid-Sized Private Credit

The booming #privatecredit market continues to grow but as this ‘industry has not experienced a downturn at scale,’ CNBC asks, what happens if it does? Using #KBRADLD’s latest data, CNBC shows that the implied default recovery rate for #privatecreditloanspresents a nuanced

9fin’s recent article on the health of middle-market companies points to KBRA’s Q2 middle-market surveillance compendium, which shows that overall, these companies are successfully managing growth strategies amid higher interest costs. However, small companies may be riskier,

KBRA’s Global Head of Corporate, Financial and Government Ratings William Cox explains how BlackRock acquisition of #HPS for $12 billion will impact the market. Explore our private credit expertise: privatecredit.kbra.com | #privatecredit #creditratingoutlook #financialeconomy

A new set of rules from the Maryland Office of Financial Regulation may put all residential mortgage #securitizations at risk, as it is based on a recent decision from a Maryland appellate court saying that a #homeequity line of credit was ‘subject to licensing’. This means that

Direct lenders face rising default risks in 2025, with 5% of middle-market borrowers struggling under heavy debt and worsening business performance, according to a report by KBRA wsj.com/articles/direc… via The Wall Street Journal

Today The Wall Street Journal highlighted results of KBRA’s Q4 2024 Middle Market Borrower Compendium: “The prolonged high-interest-rate environment has put pressure on certain sectors, based on KBRA’s analysis of 1,903 private-equity-owned middle-market companies in the U.S. and Europe that hold a

wsj.com/articles/direc…

Exciting to see Van Hesser, Chief Strategist at KBRA, quoted in Fortune! He offers valuable insight into the potential return of stagflation, warning that the combination of high inflation and slow growth could spell trouble for the economy. Check out the full article for his

The Wall Street Journal’s “Heard on the Street” column highlighted KBRA #privatecredit data today, helping to analyze which middle-market private businesses may or may not be impacted by #tariffs. Out of roughly 1,900 private credit middle-market borrowers tracked by KBRA, nearly

Beyond devastated to learn of the passing of my lifelong guitar hero, Ace Frehley. Truly one of a kind. He influenced an entire generation of guitarists, and inspired them to pick up a guitar in the first place. An absolute legend and icon. Tough day for us KISS fans. #Spaceman