-

KBRA Releases 12 Things in Credit: September 2021

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases topical and timely commentary on credit markets, compiled from our weekly podcast, 3 Things in Credit, hosted by our Chief Strategist, Van Hesser. Among the wide-ranging issues Van has addressed over the past month are the case for stretched valuations, credit deterioration in the “buy now, pay later” space, and the maturation of the CLO investor base.

The pandemic has dramatically reset the global economic and markets landscape as massive government intervention and fluid developments on the scientific front meet extreme valuations in markets. Each week, we dig into and provide perspective on issues credit-market participants care about. Tune in every Friday to Van’s podcast for the latest. And look for our monthly published recap to catch up on what you might have missed.

Click here to view the report.

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

Van B. Hesser, Senior Managing Director and Chief Strategist
+1 (646) 731-2305
van.hesser@kbra.com

Kroll Bond Rating Agency

Details
Headquarters: New York City, New York
CEO: Jim Nadler
Employees: 400+
Organization: PRI

Release Versions

Contacts

Van B. Hesser, Senior Managing Director and Chief Strategist
+1 (646) 731-2305
van.hesser@kbra.com

More News From Kroll Bond Rating Agency

KBRA Assigns AAA Rating to Dallas Independent School District, TX: Unlimited Tax Bonds Series 2026A and 2026B

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the Dallas Independent School District, TX: Unlimited Tax School Building Bonds, Series 2026A; and Variable Rate Unlimited Tax School Building Bonds, Series 2026B. KBRA additionally affirms the long-term rating of AAA for the District's outstanding Unlimited Tax Bonds (PSF) and Unlimited Tax Bonds (Non-PSF). The Outlook for each obligation is Stable. The Series 2026A and 2026B Bonds have received conditional approval for and a...

KBRA Comments on Burke & Herbert Financial Services Corp.'s Proposed Acquisition of LINKBANCORP, Inc.

NEW YORK--(BUSINESS WIRE)--On December 18, 2025, Burke & Herbert Financial Services Corp. (NASDAQ: BHRB) (KBRA senior unsecured rating of BBB / Stable Outlook), the parent company of Burke and Herbert Bank and Trust Company, announced a definitive merger agreement with LINKBANCORP, Inc. (NASDAQ: LNKB), the parent company of LINKBANK, pursuant to which BHRB will acquire LNKB in an all-stock transaction. The transaction, which had an estimated value of approximately $354 million, is expected...

KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2025-12MPR (JPMMT 2025-12MPR)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 11 classes of mortgage pass-through notes from J.P. Morgan Mortgage Trust 2025-12MPR (JPMMT 2025-12MPR). The pool comprises 344 first-lien, fixed rate residential mortgage loans with an aggregate principal balance of $449.5 million as of the cut-off date. The pool includes both non-agency (91.3%) and agency-eligible (8.7%) loans. The weighted average original credit score is 758, which is well within the prime mortgage range. KBRA’s...
Back to Newsroom