NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases commentary focusing on KBRA’s rated sovereign portfolio. KBRA expects that most countries in our portfolio can adequately absorb COVID-19 risk at their present rating levels. In the near term, rating actions could happen more quickly for sovereigns where liquidity and debt service risks are becoming meaningfully worse, or where there are visibly heightened debt sustainability concerns. Further out, rating actions could follow as economic fallout, fiscal impacts, and policy solutions become clearer, providing a higher resolution picture of longer-term credit risk.
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- Coronavirus (COVID-19): Sovereigns: Broad Shoulders Needed to Soften the Blow
- Coronavirus (COVID-19): Cross Sector Update: Fed/Treasury Partnership Goes Big, But Far Enough?
- KBRA Monitors Coronavirus (COVID-19) Credit Impact by Sector
- KBRA’s Continued Coverage on COVID-19
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) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.