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KBRA Releases Research – Structured Credit: Under the SOFR Cushion

NEW YORK--(BUSINESS WIRE)--KBRA releases a brief slide presentation summarizing our recent conversations with market participants regarding the transition from the London Interbank Offered Rate (LIBOR) to the Secured Overnight Finance Rate (SOFR).

In speaking with several collateral managers and arranging banks, KBRA has observed several themes emerge as these participants think about new and outstanding collateralized loan obligations (CLO) and other structured credit transactions in 2022. Key discussion points highlighted in the slide presentation include portfolio transitions, benchmark replacement events, basis risk, credit spread adjustments, and loan floors.

Click here to view the slide presentation.

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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

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

Business Development Contact

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

Industry:

KBRA

Details
Headquarters: New York City, New York
CEO: Jim Nadler
Employees: 400+
Organization: PRI
Release Versions
English
Hashtags
#KBRA
#creditratingagency

Contacts

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

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