KBRA Releases European RMBS Rating Methodology and UK Addendum

NEW YORK--()--Kroll Bond Rating Agency (KBRA) is pleased to release its methodology for rating securities backed by European residential mortgages and the related UK Addendum. The European RMBS Methodology addresses KBRA’s approach to rating mortgage securitisations consisting of residential collateral originated in European countries. The UK Addendum is a country specific addendum that addresses analytical considerations specific to prime, buy-to-let, and non-conforming mortgages in the United Kingdom.

The publication outlines several determinants used in formulating KBRA ratings, which include the following: (i) Review and analysis of the loan originator, servicer, and other key transaction participants, (ii) Review of Agreed Upon Procedure Report(s), (iii) Loan credit analysis and RMBS modelling, (iv) Assessment of the securitisation framework from a structural and legal perspective; and (v) Ongoing surveillance of the transaction.

For more details, please click here for access to the methodology.

The release of this RMBS methodology follows KBRA’s publication of its Reverse Mortgage Securitisation Global Rating Methodology on March 8, 2018.

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

Kroll Bond Rating Agency
Analytical Contacts:
Stephen Kemmy, +353 1 907 9213
Director
skemmy@kbra.com
or
Gopal Narsimhamurthy, +353 1 907 9246
Associate Director
gnarsimhamurthy@kbra.com
or
Jack Kahan, +1 646-731-2426
Managing Director
jkahan@kbra.com
or
Ed DeVito, +1 646-731-2419
Senior Director
edevito@kbra.com

Contacts

Kroll Bond Rating Agency
Analytical Contacts:
Stephen Kemmy, +353 1 907 9213
Director
skemmy@kbra.com
or
Gopal Narsimhamurthy, +353 1 907 9246
Associate Director
gnarsimhamurthy@kbra.com
or
Jack Kahan, +1 646-731-2426
Managing Director
jkahan@kbra.com
or
Ed DeVito, +1 646-731-2419
Senior Director
edevito@kbra.com