Please join us in welcoming Min Xu to KBRA! Min joins the #funds team as Managing Director with extensive experience in #CLOs, #ABS, and #StructuredCredit. Min is a CFA Chartholder, also holding an MBA in Finance & Accounting from NYU Stern School of Business and a BA in Economics from Smith College. Welcome to the team, Min!
KBRA
Financial Services
New York, NY 11,363 followers
We're a global rating agency providing transparent, timely credit ratings and research through an innovative approach.
About us
KBRA was established in 2010 in an effort to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate and transparent ratings. KBRA provides the investment community with an alternative solution by delivering timely and in-depth research. KBRA is a full service global rating agency whose mission is to set a standard of excellence and integrity.
- Website
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http://www.kbra.com
External link for KBRA
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Specialties
- Credit Ratings, Financial Research, Credit Analysis, ABS, CMBS, RMBS, REITs, Project Finance, Corporates, Public Finance, Financial Guaranty, Financial Institutions, Insurance, Funds, Sovereigns, and Structured Credit
Locations
Employees at KBRA
Updates
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July 23 marked Wisconsin’s ‘second forward delivery deal in recent months’ when $253.755 million GO ‘refunding #bonds for forward delivery’ were priced. Retaining its AAA rating from KBRA the ‘state's #financial performance’ is clear, however our recent report does note that a ‘decrease in #tax collections’ has contributed to Wisconsin’s lower than estimated ‘general fund net balance,’ as Doug Kilcommons, a Managing Director within our #PublicFinance group told The Bond Buyer recently. ““Lower marginal tax rates for the state's bottom two tax brackets, enacted as part of Act 19, and higher refunds as a result of withholding tables not being indexed to #inflation, are driving the lower individual #incometax collections.”” Access our rating reports on kbra.com or read the full story here: https://lnkd.in/egaSHTHH
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Please join us in welcoming Scott Duggal to KBRA! Scott joins the funds team as a Senior Director with over 20 years’ experience in credit, with a core focus on #CLOs, #RMBS and #ABS. Scott graduated from King's College London with First-Class Honours BSc in Computer Science with Management and an MSc in Investment Management from Bayes Business School (City Business School, University of London). Welcome to the team, Scott!
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KBRA released the July 2024 issue of #CMBS Trend Watch. U.S. private label CMBS issuance continued at a steady pace in July, bringing the year-to-date (YTD) total to $55.6 billion, which represents a 182.7% year-over-year (YoY) increase. With the Federal Reserve hinting that a #ratecut could be on the table in September, coupled with the 10-Year Treasury falling below 4% for the first time since early February, the anticipation of lower rates could help support deal flow. Read the full report here: https://lnkd.in/eNbs4SNQ | #insightfulresearch #commercialbacked
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KBRA released research discussing the continuing gap between #retail sales growth and #inflation across many states. The report examines this trend against a backdrop of resilient Q2 2024 GDP growth, a strong but slowing #employmentmarket, and the Fed's recent decision to hold interest rates steady following its July 30-31 meeting, while hinting at a potential rate cut in September. Read the full report here: https://lnkd.in/ez6Yk8en | #insightfulresearch #pubfinance
KBRA Releases Research – Retail Sales Lag Inflation Again in Many States
kbra.com
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KBRA released its U.S. Equipment Loan & Lease #ABS Indices: July 2024, providing monthly credit trends across securitized loan and lease pools. Annualized net losses in KBRA’s headline equipment loan and lease index fell 44 basis points (bps) month-over-month (MoM), while our Small-Medium Ticket and Large Ticket sub-indices posted MoM declines of 2 bps and 71 bps, respectively. Read the full report here: https://lnkd.in/eqtGiKcs | #insightfulresearch #assetbacked
KBRA Releases U.S. Equipment Loan & Lease ABS Indices: July 2024
kbra.com
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KBRA released its U.S. Marketplace Consumer Loan #ABS Indices: July 2024, providing monthly credit trends across securitized loan pools. July remittance reports showed a month-over-month (MoM) improvement in #delinquencyrates across both KBRA’s Tier 1 and Tier 2 Marketplace #ConsumerLoan ABS Indices. Read the full report here: https://lnkd.in/eXbGevMg | #insightfulresearch #assetbacked
KBRA Releases U.S. Marketplace Consumer Loan ABS Indices: July 2024
kbra.com
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In KBRA’s Q2 #middlemarket (MM) surveillance compendium, we examine how revenue and #EBITDA growth have cushioned the blow of higher #interestcosts among private credit borrowers. The analysis is especially interesting due to the dearth of observed defaults so far, relative to our expectations. Read the full report here: https://lnkd.in/eDtJ5TD6 | #insightfulresearch #privatecredit
KBRA Private Credit: Q2 2024 Middle Market Borrower Surveillance Compendium–EBITDA to the Rescue
kbra.com
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If the economy continues on its current path, September is likely to bring lower interest rates to the fore – news that the financial markets ‘more or less’ anticipated. ““The Fed did what the market really hoped it would do, and that is, acknowledge the attention given to both sides of its dual mandate, and we're seeing that shift now from being inflation-focused to a better balance between stable prices and maximum employment,”” KBRA’s Chief Strategist Van Hesser said, in conversation with Investopedia. ““That acknowledgment suggests that we're moving toward that September cut.”” Check out Van’s weekly credit focused podcast at https://lnkd.in/gCGAce44 or read the full story here: https://lnkd.in/eqEbTgCB | #ratecuts #economicnews #Fed #interestrates
Fed Chair Powell Opens the Door For Lower Interest Rates in September
investopedia.com
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KBRA will participate as a bronze sponsor for the Irish team at this year’s ITA’s U18 European Championship this summer! Follow ITA's page for more information: https://irelandtouch.ie/ | #kbrasponsor #rugby #communitybuilding