-

KBRA Releases Research – Unmasking Bias in Private College and University Credit Ratings

NEW YORK--(BUSINESS WIRE)--KBRA releases research examining how credit ratings assigned to some private colleges and universities by other rating agencies are too low, based on real-world impairment and default data. The report discusses how their overreliance on certain “vanity metrics” like student selectivity has led to ratings that are detached from the historical default and recovery risks they are supposed to capture.

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

Douglas J. Kilcommons, Managing Director, U.S. Public Finance
+1 (646) 731-3341
douglas.kilcommons@kbra.com

Muting Wan, Associate, Quantitative Modeling
+1 (646) 731-1248
muting.wan@kbra.com

William Cox, Global Head of Corporate, Financial and Government Ratings
+1 (646) 731-2472
william.cox@kbra.com

Business Development Contacts

William Baneky, Managing Director
+1 (646) 731-2409
william.baneky@kbra.com

James Kissane, Senior Director
+1 (213) 806-0026
james.kissane@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

Douglas J. Kilcommons, Managing Director, U.S. Public Finance
+1 (646) 731-3341
douglas.kilcommons@kbra.com

Muting Wan, Associate, Quantitative Modeling
+1 (646) 731-1248
muting.wan@kbra.com

William Cox, Global Head of Corporate, Financial and Government Ratings
+1 (646) 731-2472
william.cox@kbra.com

Business Development Contacts

William Baneky, Managing Director
+1 (646) 731-2409
william.baneky@kbra.com

James Kissane, Senior Director
+1 (213) 806-0026
james.kissane@kbra.com

More News From KBRA

KBRA Releases Research – The Geography of Auto Loan ABS Performance

NEW YORK--(BUSINESS WIRE)--KBRA releases research examining state-level auto loan ABS performance across the U.S. Most auto ABS transactions are geographically diversified, limiting the impact of any single state on overall deal performance. However, geographic differences may be more relevant for whole-loan buyers and for securitizations with outsized concentrations in states performing meaningfully above or below expectations, particularly when those concentrations differ from a shelf’s histo...

KBRA Assigns Preliminary Ratings to PRKCM 2026-AFC6 Trust

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 10 classes of mortgage-backed notes issued by PRKCM 2026-AFC6 Trust, a $327.8 million non-prime RMBS transaction. The underlying collateral consists of 793 residential mortgages, with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) representing 98.4% and 1.6% of the pool, respectively. The transaction includes a meaningful concentration of collateral that KBRA considers non-prime. All of the loans were origin...

KBRA Assigns Preliminary Ratings to Reach ABS Trust 2026-3

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to five classes of notes issued by Reach ABS Trust 2026-3 (“Reach 2026-3”), an unsecured consumer loan ABS transaction. Credit enhancement consists of overcollateralization, subordination of junior note classes (except for the Class E notes), a cash reserve account funded at closing, and excess spread. This transaction represents Reach Financial, LLC’s (“Reach”, the “Servicer” or the “Company”) third term ABS securitization in 2026 and...
Back to Newsroom