-

KBRA Releases Research — Litigation Finance ABS: Not Settling for Less

NEW YORK--(BUSINESS WIRE)--KBRA releases research on the characteristics and key concepts related to litigation finance ABS, which has seen increasing issuance volume. KBRA has rated 12 litigation finance ABS transactions across six different sponsors since 2020.

KBRA-rated litigation finance ABS transactions are primarily collateralized by advances made to plaintiffs against potential future settlements of cases, primarily relating to personal injury. Certain transactions also include advances made to medical service providers, which are required to be repaid with case proceeds. The pools of advances backing the ABS are characterized by diversification of cases, plaintiffs, law firms, and payors. The ABS structures typically include a pool balance calculation that gives credit to collections above the funded amount as well as full turbo payment priorities.

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

Joanne DeSimone, Senior Director
+1 (646) 731-2306
joanne.desimone@kbra.com

Zara Shirazi, Senior Director
+1 (646) 731-3326
zara.shirazi@kbra.com

Rosemary Kelley, Senior Managing Director
+1 (646) 731-2337
rosemary.kelley@kbra.com

Business Development

Arielle Smelkinson, Senior Director
+1 (646) 731-2369
arielle.smelkinson@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

Joanne DeSimone, Senior Director
+1 (646) 731-2306
joanne.desimone@kbra.com

Zara Shirazi, Senior Director
+1 (646) 731-3326
zara.shirazi@kbra.com

Rosemary Kelley, Senior Managing Director
+1 (646) 731-2337
rosemary.kelley@kbra.com

Business Development

Arielle Smelkinson, Senior Director
+1 (646) 731-2369
arielle.smelkinson@kbra.com

More News From KBRA

KBRA Releases Research – Electric Vehicle Residual Values in Europe: On the Road to Greater Stability?

DUBLIN--(BUSINESS WIRE)--KBRA releases research examining recent trends in electric vehicle (EV) residual values across Europe and the implications for auto asset-backed securities (ABS). Following a sharp repricing after pandemic-era supply constraints unwound, recent data indicate that the pace of EV residual-value declines has moderated. The report also highlights how EV adoption trends, charging-infrastructure expansion, and evolving policy developments across the EU and UK may influence re...

Private Credit LBO Activity Outpaces Prior Year Despite February Slowdown, KBRA DLD Data Shows

NEW YORK--(BUSINESS WIRE)--KBRA DLD, a division of KBRA Analytics, reports that direct lending activity supporting leveraged buyouts (LBO) has started the year ahead of 2025 levels, although a February slowdown suggests early momentum may be moderating. Direct lending LBO volume reached $16.3 billion through February 28, exceeding the $13.4 billion recorded during the same period last year. February issuance totaled $6.9 billion, down from $9.4 billion in January and marking the first monthly s...

KBRA Assigns AA Rating to Alaska Municipal Bond Bank Authority General Obligation Bonds, 2026 Series One (Non-AMT); Affirms Related Ratings

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA to the Alaska Municipal Bond Bank Authority General Obligation Bonds, 2026 Series One (Non-AMT) and affirms the long-term rating of AA for the Authority's outstanding General Obligation Bonds. KBRA additionally affirms the long-term rating of AA+ for the State of Alaska's General Obligation Bonds as well as the long-term rating of AA for the State's Appropriation Bonds. The rating Outlook for each obligation is Stable. Key Credit...
Back to Newsroom