NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases its methodology assessing counterparty risk in structured finance transactions. The methodology addresses risks related to financial counterparties such as swap and cap providers, liquidity providers, letter of credit banks, and risks related to transaction service counterparties such as servicers, trustees and account banks. The methodology also addresses KBRA’s approach to reviewing eligibility criteria for permitted investments in a structured finance transaction. This methodology serves as a general framework for KBRA’s approach to evaluating general counterparty risks in structured finance transactions, although KBRA will continue to review counterparty risks on a case-by-case basis.
Please click here to access the methodology.
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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 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.
