KBRA Releases Report on Environmental, Social and Governance (ESG) Risk by Sector

NEW YORK--()--Kroll Bond Rating Agency (KBRA) releases its report on Environmental, Social and Governance (ESG) Risk by Sector. This research report provides a sector-by-sector synopsis of how ESG factors may affect KBRA’s credit analysis.

The main takeaways from the report are:

  • KBRA weighs all relevant factors when assessing credit risk, including ESG factors, where applicable. In addition, KBRA assesses the relevance of ESG factors to key credit metrics and their possible effects on the credit risk of an issuer.
  • ESG factors are broad and diverse, and there is no precise definition as to what constitutes an ESG investment. The factors, metrics, and data used in assessing ESG can vary.
  • KBRA is actively monitoring evolving ESG trends to provide investors with insightful credit analyses to aid in their decision-making. KBRA expects investor demand for ESG-related investments to increase as demographics, public opinion on social justice issues, and the effect of climate change continue to evolve.

As the first credit rating agency to rate securities in both the property assessed clean energy (PACE) and distributed power bond markets, KBRA has been a leader in the ESG space. KBRA is committed to its continued evaluation of ESG trends as they relate to credit analysis and will be transparent about the credit impact of ESG factors in its rating reports, alongside all factors that influence credit.

To access the full report, click here.

Related Publications: (available at www.kbra.com)

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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. KBRA is also 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.

Contacts

Analytical Contacts:

Pat Welch, Chief Credit Officer
(646) 731-2481
pwelch@kbra.com

Joan Feldbaum-Vidra, Managing Director, Sovereigns
(646) 731-2362
jfeldbaumvidra@kbra.com

Cecil Smart, Jr., Managing Director, ABS Commercial
(646) 731-2381
csmart@kbra.com

Marisol Gonzalez De Cosio, Senior Director, Project Finance
(646) 731-2463
mgonzalezdecosio@kbra.com

Carol Pierce, Senior Director, Insurance
(646) 731-3307
cpierce@kbra.com

Alan Madden, Director, Sovereigns
+353 (1) 588-1230
amadden@kbra.com

Patricia McGuigan, Director, Public Finance
(646) 731-3350
pmcguigan@kbra.com

Ashley Phillips, Director, Financial Institutions
(301) 969-3185
aphillips@kbra.com

Shane Olaleye, Associate Director, Corporates
(646) 731-2432
solaleye@kbra.com

Contacts

Analytical Contacts:

Pat Welch, Chief Credit Officer
(646) 731-2481
pwelch@kbra.com

Joan Feldbaum-Vidra, Managing Director, Sovereigns
(646) 731-2362
jfeldbaumvidra@kbra.com

Cecil Smart, Jr., Managing Director, ABS Commercial
(646) 731-2381
csmart@kbra.com

Marisol Gonzalez De Cosio, Senior Director, Project Finance
(646) 731-2463
mgonzalezdecosio@kbra.com

Carol Pierce, Senior Director, Insurance
(646) 731-3307
cpierce@kbra.com

Alan Madden, Director, Sovereigns
+353 (1) 588-1230
amadden@kbra.com

Patricia McGuigan, Director, Public Finance
(646) 731-3350
pmcguigan@kbra.com

Ashley Phillips, Director, Financial Institutions
(301) 969-3185
aphillips@kbra.com

Shane Olaleye, Associate Director, Corporates
(646) 731-2432
solaleye@kbra.com