KBRA released research examining trends across the structured credit landscape, including issuance, spreads and macro risks. The market for structured credit and collateralized loan obligations (CLOs) was off to a promising start midway through the first quarter of 2023.
KBRA assigned preliminary ratings to five classes of debt issued by Monroe Capital ABS Funding II (MCAF II), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.
KBRA released a report examining trends across the structured credit landscape, including issuance, spreads and document features. Despite many obstacles, structured credit transactions and CLOs have pushed forward with robust issuance so far in 2022.
Kroll Bond Rating Agency entered a deal with private equity firm Parthenon Capital Partners, which will acquire a majority stake in the company. KBRA is a global credit rating agency that was founded in the wake of the global financial crisis.
Kroll Bond Rating Agency assigned a rating to one class of notes issued by Golub Capital Partners ABS Funding 2019-1, L.P., a securitization backed by a portfolio of recurring revenue and middle-market corporate loans that has been amended to refinance the existing notes.
Credit rating agency KBRA released a project finance report exploring how the bankruptcy of Pacific Gas & Electric will affect project financings and power purchase agreements.
Hercules Capital Funding Trust 2018-1, a newly-formed wholly owned subsidiary of specialty finance company Hercules Capital, issued $200 million of class A notes rated A(sf) by KBRA.