NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (“KBRA”) has assigned an issuer and senior unsecured debt rating of BBB- to Arlington Asset Investment Corp. (“AI”), a publicly-traded company headquartered in Arlington, Virginia. AI is a principal investment firm that acquires on a leveraged basis residential agency-backed and private-label mortgage-backed securities (“MBS”). The outlook on the ratings is stable.
The ratings are supported by AI’s financial condition, strong liquidity, and seasoned management team. These strengths are balanced by the Company’s reliance on the repurchase market for funding, the potential for volatility in the markets, and concentration on a single asset class. The rating is based on KBRA’s General Corporate Rating Methodology, published on November 15, 2013 and Finance Company Rating Methodology, published on April 1, 2013.
The rating report can be found here: https://www.krollbondratings.com/show_report/1790.
About Kroll Bond Rating Agency
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).