-

KBRA Releases 12 Things in Credit: July 2025

NEW YORK--(BUSINESS WIRE)--KBRA releases its latest 12 Things in Credit report, highlighting timely credit market themes drawn from our weekly podcast, 3 Things in Credit, hosted by KBRA’s Chief Strategist, Van Hesser. Among the wide-ranging topics Van discusses in this issue are spreads versus yields, the July jobs shock, and Maersk’s upbeat earnings report.

Each Friday, the podcast covers three Things impacting credit that market participants should know about. After every four episodes—12 Things total—we compile the transcripts into one publication, making it easy to catch up on anything you missed.

Click here to view the report.

Related Publications

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: 1011007

Contacts

Van Hesser, Senior Managing Director, Chief Strategist
+1 646-731-2305
van.hesser@kbra.com

Kroll Bond Rating Agency, LLC

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

Release Versions

Contacts

Van Hesser, Senior Managing Director, Chief Strategist
+1 646-731-2305
van.hesser@kbra.com

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

KBRA Assigns Preliminary Ratings to PMT Loan Trust 2026-INV8 (PMTLT 2026-INV8)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 73 classes of mortgage-backed notes from PMT Loan Trust 2026-INV8 (PMTLT 2026-INV8), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-INV8 comprises 1,036 fixed-rate mortgages (FRMs) with an aggregate principal balance of $403.0 million as of the August 1, 2026 cut-off date. The underlying pool consists of agency-eligible loa...

KBRA Assigns and Affirms Ratings for Mandatory Redeemable Preferred Shares Issued by Calamos Dynamic Convertible and Income Fund

NEW YORK--(BUSINESS WIRE)--KBRA assigns a ‘AA-’ rating to $28.0 million Series I Mandatory Redeemable Preferred Shares ("MRPS") issued by Calamos Dynamic Convertible and Income Fund (the “Fund” or "CCD"). Concurrently, KBRA affirms the ratings assigned to the outstanding Series C, E, and G MRPS issued by the Fund. The Outlook on all ratings is Stable. The rating action reflects the stable composition of the Fund’s portfolio, which is primarily invested in U.S. domiciled convertible securities,...

KBRA Assigns and Affirms Ratings for Mandatory Redeemable Preferred Shares Issued by Calamos Global Dynamic Income Fund

NEW YORK--(BUSINESS WIRE)--KBRA assigns a ‘AA-’ rating to $28.5 million Series H Mandatory Redeemable Preferred Shares ("MRPS") issued by Calamos Global Dynamic Income Fund (the “Fund” or "CHW"). Concurrently, KBRA affirms the ratings assigned to the outstanding Series C and E MRPS issued by the Fund. The Outlook on all ratings is Stable. The rating action reflects the stable composition of the Fund’s portfolio, which is primarily invested in global equities and convertible securities, with not...
Back to Newsroom