NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases Macro-Market research report entitled, “Congress Gives Nod to Jumpstart GSE Reform – Comment”. The report makes the following key points:
- KBRA notes that the current legislation seems well-considered and does not pose any concerns for investors in the “AAA” rated debt securities.
- So long as the Jumpstart GSE effort is confined to the limited provisions reportedly in the spending bill, KBRA does not believe that the legislation will be concerning to investors. Indeed, the legislation virtually ensures that nothing will happen on the GSEs until well after next year’s election.
- KBRA believes that the most difficult task in pushing reform forward will be to develop a compelling model for the future that can garner the support of both parties in Congress that today have different visions for the future of housing finance and the role of the enterprises in that market.
To view the full report, please use the following link:
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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).