NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has been recognized as an eligible external credit assessment institution (ECAI) by the Office of the Superintendent of Financial Institutions (OSFI) in Canada. OSFI is an independent federal government agency that regulates and supervises more than 400 Canadian federally regulated financial institutions and 1,200 pension plans. Federally regulated financial institutions include all banks in Canada, and all federally incorporated or registered trust and loan companies, insurance companies, cooperative credit associations, fraternal benefit societies and private pension plans.
OSFI is releasing for public consultation revisions to the Capital Adequacy Requirements (CAR) Guideline for implementation and is recognizing KBRA as an ECAI for capital purposes, for both long-term and short-term ratings effective immediately.
“We are pleased to continue our global expansion now into Canada and look forward to serving market participants with timely, transparent and forward-looking ratings and research,” said Jim Nadler, President and CEO of KBRA.
KBRA is a full service global rating agency whose mission is to set a standard of excellence by providing users of our ratings with transparent, responsive and timely analysis. KBRA offers market participants with an alternative solution by delivering in-depth research as well as the tools needed to make informed investment decisions. With over 300 employees globally across the United States and Europe, KBRA is headquartered in New York with additional offices in Pennsylvania, Maryland and Dublin, Ireland. The experienced and extensive team expands across the Structured Finance, Public Finance, Financial Institutions, Project Finance, Insurance and Corporate markets, collectively publishing over 10,000 ratings.
CONNECT WITH KBRA
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.