Delinquency Rates on Commercial Mortgage-Backed Securities Rose Again in December

According to Kroll Bond Rating Agency, the delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities rose eight basis points in December to 2.97%, up from 2.89% in November and a low of 2.76% in September.

January 3, 2023 Kroll Bond Rating Agency Ian Koplin

KBRA Assigns Preliminary Ratings to Kapitus’ Fifth Securitization

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by Kapitus Asset Securitization II LLC, Series 2022-3. This transaction is the fifth securitization for Kapitus, formerly known as Strategic Funding Source.

November 23, 2022 Kapitus | Kroll Bond Rating Agency Ian Koplin

Kapitus Closes $200MM Securitization

Kapitus, a provider of small business financing, closed a $200 million asset-backed securitization, expandable to $600 million.

February 14, 2022 Andrew Reiser | Guggenheim Securities | Kapitus | Kroll Bond Rating Agency Ian Koplin

KBRA Rates Golub Capital Partners’ ABS Funding in Connection with Refinancing

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.

June 21, 2021 GC Investment Management | Golub Capital | Golub Capital Partners ABS Funding 2019-1 | KBRA | Kroll Bond Rating Agency | L.P. Phil Neuffer

KBRA Assigns Preliminary Ratings to Golub Capital Partners ABS Funding 2021-1

Kroll Bond Rating Agency assigned preliminary ratings to three classes of notes issued by Golub Capital Partners ABS Funding 2021-1, a securitization backed by a portfolio of recurring revenue and middle market corporate loans.

March 17, 2021 Golub Capital | Kroll Bond Rating Agency Phil Neuffer

KBRA Assigns Preliminary Ratings to Carlyle US CLO 2021-3S

Kroll Bond Rating Agency assigned preliminary ratings to three classes of notes issued by Carlyle US CLO 2021-3S (Carlyle 2021-3S), a cash flow collateralized loan obligation back by a portfolio of broadly syndicated corporate loans.

March 15, 2021 Carlyle Global Credit | Kroll Bond Rating Agency Phil Neuffer

KBRA Assigns BBB+ Subordinated Debt Rating to NBT Bank

Kroll Bond Rating Agency assigned a subordinated debt rating of BBB to NBT Bancorp and a subordinated debt rating of BBB+ to the company’s principal subsidiary, NBT Bank.

June 11, 2020 Kroll Bond Rating Agency | NBT Bancorp | NBT Bank Phil Neuffer

KBRA Releases Q1/20 U.S. Bank Ratings Compendium

Kroll Bond Rating Agency released its U.S. Bank Ratings Compendium, which provides the latest view of the U.S banking sector during the COVID-19 pandemic and analyzes Q1/20 results of U.S. banks with KBRA long-term ratings.

May 19, 2020 Kroll Bond Rating Agency Phil Neuffer

KBRA Assigns BBB- Rating, Stable Outlook to Crescent Capital

Kroll Bond Rating Agency assigned an issuer rating of BBB- with a stable outlook to Crescent Capital, citing the company’s well-established franchise in the middle market lending space.

May 14, 2020 Crescent Capital | Kroll Bond Rating Agency Phil Neuffer

Hercules Capital Completes $200MM Securitization

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.

November 2, 2018 Hercules Capital | Hercules Capital Funding Trust | KBRA | Kroll Bond Rating Agency | Manuel A. Henriquez Amanda Koprowski