KBRA Releases Research – Structured Credit Trend Watch: Record Issuance and an Evolving Marketplace

NEW YORK--()--Kroll Bond Rating Agency (KBRA) releases a report examining trends in the structured credit landscape, including issuance, spreads, notable structures, and document features. While issuance volumes for broadly syndicated loan (BSL) collateralized loan obligations (CLO) are poised to set historical records, KBRA has also observed several developing trends across the broader structured credit landscape. These include innovations in the U.S. middle market (MM) space, a renewed risk appetite in Europe, and a moderate decline in the issuance of trust preferred collateralized debt obligations (TruPS CDOs).

In addition to the sectors noted above, we discuss current developments surrounding the London Interbank Offered Rate (LIBOR) transition and provide a recap of KBRA’s rating and surveillance activity in 2021.

The report also includes the Structured Credit Publication Index, which contains links to recent KBRA reports within the structured credit sector.

Click here to view the report.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Contacts

Sean Malone, CFA, Senior Director
+1 (646) 731-2436
sean.malone@kbra.com

Gabriele Gramazio, Director
+44 208 148 1001
gabriele.gramazio@kbra.com

Eric Hudson, Senior Managing Director
+1 (646) 731-3320
eric.hudson@kbra.com

Business Development Contact

Jason Lilien, Managing Director
+1 (646) 731-2442
jason.lilien@kbra.com

Contacts

Sean Malone, CFA, Senior Director
+1 (646) 731-2436
sean.malone@kbra.com

Gabriele Gramazio, Director
+44 208 148 1001
gabriele.gramazio@kbra.com

Eric Hudson, Senior Managing Director
+1 (646) 731-3320
eric.hudson@kbra.com

Business Development Contact

Jason Lilien, Managing Director
+1 (646) 731-2442
jason.lilien@kbra.com