KCP Releases Expected Losses for CMBX 1-5

NEW YORK--()--Kroll Bond Rating Agency (KBRA) is pleased to introduce our inaugural research publication on vintage deals, leveraging data and information from our new surveillance service, KBRA Credit Profile (KCP). The report highlights our projected losses on CMBX Series 1 through 5.

The surveillance service provides monthly KCP reports, which contain color and commentary on CMBS transactions in a concise format. The reports provide multiple valuations for the collateral securing top 10 loans, as well as KBRA Loans of Concern (K-LOCs), which include all delinquent/defaulted, and credit impaired loans. For more information on KCP please visit www.kcp.kbra.com.

For the purposes of this report, we have aggregated each transaction’s losses in the Concluded Scenario for CMBX Series 1-5, which contain transactions securitized between 2005 and 2008. The losses are highlighted in the attached report and were derived using April 2014 remittance report data. We detail historical losses, along with KBRA’s future expected losses for each series.

About Kroll Bond Rating Agency

KBRA was established in 2010 by Jules Kroll to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate, clear and transparent ratings. KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

Contacts

Kroll Bond Rating Agency
Terri Magnani, 646-731-2415
Senior Director
tmagnani@kbra.com
or
Nicoletta Kotsianas, 646-731-2308
Associate Director
nkotsianas@kbra.com
or
Steve Kuritz, 215-882-5866
Senior Director
skuritz@krollbondratings.com

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Contacts

Kroll Bond Rating Agency
Terri Magnani, 646-731-2415
Senior Director
tmagnani@kbra.com
or
Nicoletta Kotsianas, 646-731-2308
Associate Director
nkotsianas@kbra.com
or
Steve Kuritz, 215-882-5866
Senior Director
skuritz@krollbondratings.com