KBRA Releases Research – 2019 Residential Solar Loan ABS Year in Review and 2020 Outlook

NEW YORK--()--Kroll Bond Rating Agency (KBRA) releases its 2019 Residential Solar Loan ABS Year in Review and 2020 Outlook research report.

The residential solar loan ABS sector saw remarkable growth in 2019 as 144A and public issuance doubled to $1.35 billion from $0.68 billion in 2018. Competition among solar finance companies intensified as new lenders entered the market and companies identified ways to make the loan origination process more efficient and reduce friction for both installers and customers. KBRA’s outlook for the sector in 2020 remains positive, as loan products gain popularity over lease/PPA in residential solar financing, investors increasingly incorporate ESG factors into their investing decisions, and U.S. households are expected to remain financially healthy.

This report provides KBRA’s review of the sector in 2019 in terms of ABS supply, loan originations, collateral performance, among others, and its outlook for 2020.

To view the report, click here.

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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:

Eric Neglia, Managing Director
(646) 731-2456
eneglia@kbra.com

Melvin Zhou, CFA, Director
(646) 731-2412
mzhou@kbra.com

Michael Pettigrew, Director
(646) 731-2309
mpettigrew@kbra.com

Brian Ford, Senior Director
(646) 731-2329
bford@kbra.com

Business Development Contact:

Ted Burbage, Managing Director
(646) 731-3325
tburbage@kbra.com

Contacts

Analytical Contacts:

Eric Neglia, Managing Director
(646) 731-2456
eneglia@kbra.com

Melvin Zhou, CFA, Director
(646) 731-2412
mzhou@kbra.com

Michael Pettigrew, Director
(646) 731-2309
mpettigrew@kbra.com

Brian Ford, Senior Director
(646) 731-2329
bford@kbra.com

Business Development Contact:

Ted Burbage, Managing Director
(646) 731-3325
tburbage@kbra.com