NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases research focusing on the U.S. Treasury’s coronavirus (COVID-19) spending. To date, the budgetary impact is expected to be $2.4 trillion, well below the headline number of $3.6 trillion, with the lion’s share allocated toward economic considerations. Households take the largest slice of the pie.
In KBRA’s view, the Fed’s active purchase of Treasuries suggests that taxpayers may not be on the hook for the full sum.
Click here to view the report.
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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) 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.