-

KBRA Releases Research – Potential Impact of Tariffs on Municipal Credit

NEW YORK--(BUSINESS WIRE)--KBRA releases a research report exploring the potential impact of trade tensions and tariffs on debt-issuing municipal entities in the U.S. These entities issue debt payable from the levy of a tax (i.e., tax-supported) or end-user fees and charges (i.e., revenue-supported).

While to date KBRA has observed no direct impairment of municipal credit quality solely as a result of the federal government’s evolving stance on trade, the inflationary nature of tariffs can constrain revenues and increase costs over the longer term, potentially leading to diminished financial flexibility.

Click here to view the report.

About KBRA

KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1009089

Contacts

Douglas Kilcommons, Managing Director
+1 646-731-3341
douglas.kilcommons@kbra.com

Karen Daly, Senior Managing Director
+1 646-731-2347
karen.daly@kbra.com

Media Contact

Adam Tempkin, Senior Director of Communications
+1 646-731-1347
adam.tempkin@kbra.com

Business Development Contacts

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

James Kissane, Senior Director
+1 646-731-2380
james.kissane@kbra.com

Kroll Bond Rating Agency, LLC

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

Release Versions

Contacts

Douglas Kilcommons, Managing Director
+1 646-731-3341
douglas.kilcommons@kbra.com

Karen Daly, Senior Managing Director
+1 646-731-2347
karen.daly@kbra.com

Media Contact

Adam Tempkin, Senior Director of Communications
+1 646-731-1347
adam.tempkin@kbra.com

Business Development Contacts

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

James Kissane, Senior Director
+1 646-731-2380
james.kissane@kbra.com

Social Media Profiles
More News From Kroll Bond Rating Agency, LLC

KBRA Assigns Preliminary Ratings to COOPR Residential Mortgage Trust 2025-CES1 (COOPR 2025-CES1)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 8 classes of Certificates from COOPR Residential Mortgage Trust 2025-CES1 (COOPR 2025-CES1), a $310.6 million RMBS transaction, as of the cut-off date, sponsored by Nationstar Mortgage LLC d/b/a Mr. Cooper and Loan Funding Structure V LLC and consists almost entirely of 4,618 newly originated closed-end second lien mortgages (CES; 99.8%). The underlying pool is seasoned approximately one month and all loans are originated solely by...

KBRA Releases Research – Retail Sales and Jobs Growth Firm in March as Trade Tensions Whipsaw Markets

NEW YORK--(BUSINESS WIRE)--KBRA releases research examining solid March retail sales and employment gains amid a less certain outlook as Trump administration tariff actions rattle both consumer sentiment and financial markets. Click here to view the report. Recent Publications Potential Impact of Tariffs on Municipal Credit Retail Sales and Employment Grew in February, but Restrictive Interest Rates and Policy Uncertainty Cloud Outlook Van Hesser's 3 Things in Credit: A Weekly Podcast About KBR...

KBRA Assigns Preliminary Ratings to Angel Oak Mortgage Trust 2025-HB1 (AOMT 2025-HB1)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to six classes of mortgage-backed notes from Angel Oak Mortgage Trust 2025-HB1 (AOMT 2025-HB1), a $191.3 million RMBS transaction sponsored by Angel Oak Real Estate Investment Trust III (Angel Oak), consisting of first lien (9.1%) and second lien (86.2%) home equity line of credit (HELOC; 95.2% total HELOC population) loans, as well as 4.8% closed-end second (CES) loans. The underlying pool is seasoned approximately six months and comp...
Back to Newsroom