-

KBRA Releases 12 Things in Credit: December 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 data trigger points that would reprice credit, the impact expected from what is forecast to be a record-setting year of public issuance, and changes in Fed decision-making.

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.

Recent 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: 1013155

Contacts

Van Hesser, Chief Market 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, Chief Market 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 Stream Innovations 2026-1 Issuer Trust

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes of notes issued by Stream Innovations 2026-1 Issuer Trust (“STRE 2026-1”), an asset-backed securitization collateralized by a pool of consumer loans used for home improvements. The ratings reflect the initial credit enhancement levels ranging from 13.80% for the Class A notes to 1.50% for the Class D notes. Credit enhancement on the notes is comprised of overcollateralization, subordination of junior note classes (excep...

KBRA Assigns Ratings to OFG Bancorp, Inc. and Affirms Ratings for Oriental Bank

NEW YORK--(BUSINESS WIRE)--KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to San Juan, Puerto Rico-based OFG Bancorp, Inc. (NYSE: OFG) ("the company"). In addition, KBRA affirms the deposit and senior unsecured debt ratings of BBB+ and the short-term deposit and debt ratings of K2 for its bank subsidiary, Oriental Bank ("the bank"). The Outlook for all long-term ratings is Stable. Key Credit Considerations Oriental Bank...

KBRA Assigns BBB+ Rating to City of Chicago, IL General Obligation Bonds, Series 2026 C-G; Affirms BBB+ Rating on Outstanding General Obligation Bonds; Outlook Remains Negative

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of BBB+ to the following series of City of Chicago, IL General Obligation Bonds: General Obligation Bonds, Series 2026C General Obligation Bonds, Series 2026D General Obligation Bonds, Series 2026E General Obligation Bonds, Taxable Series 2026G Concurrently, KBRA affirms the BBB+ rating on the City's outstanding General Obligation Bonds. The Outlook remains Negative. The City of Chicago’s (“the City’s) deteriorating fund balance, narrow...
Back to Newsroom