Kroll Bond Rating Agency Releases Research Report “Bond Insurance Capital: Can You Ever Have Too Much?”

NEW YORK--()--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).

Contacts

Analytical Contacts:
Kroll Bond Rating Agency
Peter Giacone, 646-731-2407
Senior Director
pgiacone@kbra.com
or
Paul Kwiatkoski, 646-731-2387
Managing Director
pkwiatkoski@kbra.com
or
Karen Daly, 646-731-2347
Senior Managing Director
kdaly@kbra.com
or
Jack Morrison, 646-731-2410
Associate Director
jmorrison@kbra.com
or
Josh Deligdish, 646-731-2437
Analyst
jdeligdish@kbra.com

Contacts

Analytical Contacts:
Kroll Bond Rating Agency
Peter Giacone, 646-731-2407
Senior Director
pgiacone@kbra.com
or
Paul Kwiatkoski, 646-731-2387
Managing Director
pkwiatkoski@kbra.com
or
Karen Daly, 646-731-2347
Senior Managing Director
kdaly@kbra.com
or
Jack Morrison, 646-731-2410
Associate Director
jmorrison@kbra.com
or
Josh Deligdish, 646-731-2437
Analyst
jdeligdish@kbra.com