-

KBRA Europe Releases Research – Ukraine Refugee Crisis and Host Nation Fiscal Impacts

DUBLIN--(BUSINESS WIRE)--KBRA Europe (KBRA) releases new research on the Ukrainian refugee crisis and the fiscal impact for host nations. In the past few months, the number of refugees has climbed to around 10 million, although about 4 million Ukrainians have returned home, reflecting the more localised conflict in the Donbas region. Should the Ukrainian refugee crisis return to the heavy humanitarian influx seen in the immediate aftermath of the Russian invasion on 24 February, KBRA would expect that scenario to exert more acute fiscal, economic, and political pressure on host countries.

Key Takeaways

  • An estimated 3.7 million refugees are likely to settle more permanently in host countries.
  • Total spending on refugees in the largest frontline state, Poland, amounted to about 1% of that country’s GDP through June.
  • There is no apparent additional international aid commitments, currently at $36 billion.

Click here to view the report.

Related Publications

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

Joan Feldbaum-Vidra, Senior Managing Director
+1 (646) 731-2362
joan.feldbaumvidra@kbra.com

Arinjoy Bhanja, Analyst
+353 1 588 1271
arinjoy.bhanja@kbra.com

Joanna Drobnik, CFA, Senior Director
+353 1 588 1250
asia.drobnik@kbra.com

Business Development Contact

Mauricio Noé, Co-Head of Europe
+44 20 8148 1010
mauricio.noe@kbra.com

KBRA

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

Release Versions

Contacts

Joan Feldbaum-Vidra, Senior Managing Director
+1 (646) 731-2362
joan.feldbaumvidra@kbra.com

Arinjoy Bhanja, Analyst
+353 1 588 1271
arinjoy.bhanja@kbra.com

Joanna Drobnik, CFA, Senior Director
+353 1 588 1250
asia.drobnik@kbra.com

Business Development Contact

Mauricio Noé, Co-Head of Europe
+44 20 8148 1010
mauricio.noe@kbra.com

More News From KBRA

KBRA Assigns Preliminary Ratings to Sequoia Mortgage Trust 2026-INV2 (SEMT 2026-INV2)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 71 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-INV2 (SEMT 2026-INV2). The transaction consists of 1,118 investment property mortgages with an aggregate principal balance of $438.4 million as of the March 1, 2026 cut-off date. The collateral is characterized by a weighted average (WA) original credit score of 770 and moderate borrower equity, with a WA original LTV and WA original CLTV of 73.2%. KBR...

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2026-R1 and Research-Driven Pagaya Motor Trust 2026-R1

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to six classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2026-R1 and Research-Driven Pagaya Motor Trust 2026-R1 (collectively “RPM 2026-R1”), an auto loan ABS transaction. RPM 2026-R1 has initial credit enhancement levels of 35.69% for the Class A notes to 2.65% for the Class E-2 notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class E-2 notes), a ca...

KBRA Releases Research – What’s up, Doc – Medical Professional Mortgages, A New Niche in RMBS?

NEW YORK--(BUSINESS WIRE)--KBRA releases research assessing the characteristics of medical professional mortgage (MPM) loans, with a focus on their potential role as a niche collateral segment within the prime private label residential mortgage-backed securities (RMBS) market. MPMs, often called physician or doctor loans, are specialized prime mortgage programs designed for medical professionals whose early-career financial profiles often include high student debt, limited savings, and reliance...
Back to Newsroom