NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) publishes its 2019 Small Business Lending ABS Year in Review and 2020 Outlook. KBRA has seen a substantial increase in the issuance of securitizations backed by receivables from small businesses in the U.S. KBRA is the leading rating agency in the sector, having rated over $1.5 billion in notes across six issuers in 2019, compared to $227 million in rated notes across three issuers in 2018.
This report is intended to give a market update on the issuance volume, companies that securitize small business receivables, key characteristics of the outstanding transactions, trends, and expectations for the small business lending ABS sector in 2020.
To view the report, click here.
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 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.