NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its methodology for rating structured credit transactions. The Global Structured Credit Methodology addresses KBRA’s approach to rating structured credit transactions backed by portfolios of corporate credits, amongst others, including transactions backed by corporate loan portfolios referred to as Collateralized Loan Obligations (CLOs).
The rating determinants include: (i) Review and analysis of the underlying collateral, (ii) Portfolio-level default analysis, (iii) Transaction and structural analysis, including the review of transaction documents, (iv) Cash-flow analysis, and (v) Review and analysis of the collateral manager, when applicable.
Please click here to access the methodology.
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KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is 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.