-

KBRA Credit Profile Releases CREFC June Conference 2023: Day 1 Recap

NEW YORK--(BUSINESS WIRE)--KBRA Credit Profile (KCP), a division of KBRA Analytics, releases its Day 1 recap of the CRE Finance Council (CREFC) June Conference 2023. CREFC returned to New York City for its annual June conference, drawing an attendance of over 1,300. Registrants listened in as industry leaders discussed the challenges and opportunities facing commercial real estate (CRE) and the current macroeconomic environment.

Key Takeaways

  • The general concern surrounding interest rate uncertainty and waning office demand.
  • Offices are in a transitory phase, and leasing is expected to continue to lag; companies will right-size their real estate footprints, with a focus on quality.
  • Near-term maturities, workouts, and the transition away from LIBOR were all focal points for discussion.

Click here to view the recap.

About KBRA Credit Profile

KBRA Credit Profile (KCP) is a research service and nothing herein or otherwise provided by KCP shall be construed as a rating. Any rating opinions, analysis, projections, observations, data or other items constituting part of any information provided or distributed by KCP or KBRA are and must be construed solely as statements of opinion and not statements of fact.

About KBRA Analytics

KBRA Analytics, LLC (KBRA Analytics) is our premier product platform for high quality data and advanced analytics. Our seasoned teams of industry specialists across each product provide unparalleled insight creating a foundation of deeper analysis and rapid discovery for users. KBRA Analytics is an affiliate of Kroll Bond Rating Agency, LLC (KBRA). KBRA is a full-service credit rating agency registered in the U.S., designated to provide structured finance ratings in Canada, and with credit rating affiliates registered in the EU and UK.

Contacts

Paul Jaworski, CFA, Associate
+1 215-882-5493
paul.jaworski@kbra.com

Leonard Meirson, Analyst
+1 215-882-5888
leonard.meirson@kbra.com

Steven Mullen, Senior Analyst
+1 215-882-5937
steven.mullen@kbra.com

Michael Butkerait, Senior Analyst
+1 215-882-5441
michael.butkerait@kbra.com

Maurice Etienne, Associate Director
+1 215-882-5856
maurice.etienne@kbra.com

Sales

Marc Iadonisi, Managing Director
+1 646-882-5877
marc.iadonisi@kbra.com

KBRA

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

Release Versions

Contacts

Paul Jaworski, CFA, Associate
+1 215-882-5493
paul.jaworski@kbra.com

Leonard Meirson, Analyst
+1 215-882-5888
leonard.meirson@kbra.com

Steven Mullen, Senior Analyst
+1 215-882-5937
steven.mullen@kbra.com

Michael Butkerait, Senior Analyst
+1 215-882-5441
michael.butkerait@kbra.com

Maurice Etienne, Associate Director
+1 215-882-5856
maurice.etienne@kbra.com

Sales

Marc Iadonisi, Managing Director
+1 646-882-5877
marc.iadonisi@kbra.com

More News From KBRA

KBRA Assigns AA Rating with Stable Outlook to Needville Independent School District, TX Series 2026 Unlimited Tax School Building and Refunding Bonds

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA to the Needville Independent School District, TX Series 2026 Unlimited Tax School Building and Refunding Bonds. Concurrently, KBRA assigns a long-term rating of AA to outstanding parity lien Unlimited Tax School Building Bonds. The rating Outlook is Stable. The Stable Outlook reflects KBRA’s expectation that management will continue to conservatively manage the District’s finances to maintain healthy general fund unassigned reserv...

KBRA Assigns AA Rating to State of Louisiana General Obligation Refunding Bonds, Series 2026-B

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA with a Stable Outlook to the State of Louisiana General Obligation Refunding Bonds, Series 2026-B. Key Credit Considerations The rating action reflects the following key credit considerations: Credit Positives Conservative budget practices and pandemic-related federal assistance have resulted in historically large reserves and liquidity as of FYE 2025. Low tax supported debt ratios and affordable pension commitments contribute to...

KBRA Assigns Ratings to PNMAC GMSR ISSUER TRUST MSR COLLATERALIZED NOTES, Series 2026-GT1

NEW YORK--(BUSINESS WIRE)--KBRA assigns ratings of ‘BBB (sf)’ to the Series 2026-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC’s (PLS) master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights (MSR) on loans underlying Ginnie Mae guaranteed mortgage backed securities. KBRA’s rating on the notes is primarily dependent upon the rating of Private National Mortgage Acceptance Company, LLC (PNMAC), as r...
Back to Newsroom