NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases commentary on state-level unemployment data in April 2020 compared with respective peaks experienced during the Great Recession.
In KBRA’s view, the data reveal wide differences in the timing and magnitude of unemployment levels on the state level. In some instances, we observed impacts that are significantly different from what a particular state experienced during the Great Recession. Given the depth, breadth, and velocity of the current economic crisis, these relative comparisons are subject to change.
There will be more data and analysis in the coming days, but so far, it appears that the pandemic and related economic dislocations will have divergent impact on states relative to their prior experiences.
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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.