NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has released a financial guaranty research report entitled, “Bond Insurance Capital: Can you Ever Have Too Much?” The report makes the following key points:
- All active bond insurers have either implemented or announced plans to extract capital.
- KBRA expects that returning capital to shareholders will slow but not reverse the downward trend in leverage ratios for the bond insurers that KBRA rates.
- The reduction of leverage since the Great Recession has generally strengthened the overall credit profile of the bond insurance industry.
To read the report, please click here.
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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).