Website www.kbra.com Founded 2010 Headquarters New York City | Founder Jules B. Kroll Number of employees 200 (approximate) | |
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Industry Credit Ratings, Financial Services Key people Jim Nadler (President)
Christopher Whalen (SMD) | ||
Chris whalen sr managing director at kroll bond rating agency premarket prep for july 11 2014
Kroll Bond Rating Agency (KBRA) is a credit rating agency. KBRA publishes research and analyses that are available to the public domain free of charge. KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). Its head office is located on 845 Third Avenue in Midtown, New York City.
Contents
- Chris whalen sr managing director at kroll bond rating agency premarket prep for july 11 2014
- Kroll bond rating agency releases legacy cmbs surveillance product kcp
- Credit Ratings
- Long Term Credit Ratings
- Short Term Credit Ratings
- Bank Financial Strength Ratings
- SRS Default Ratings
- References
The firm was founded by Jules Kroll who purchased L.A.C.E. Financial, a Subscription Rating Service Company. KBRA is currently active in the CMBS, RMBS, ABS, Public Finance, Corporate Finance, Financial Guarantor, and Financial Institutions sectors.
Kroll bond rating agency releases legacy cmbs surveillance product kcp
Credit Ratings
Kroll Bond Rating Agency (KBRA) assigns credit ratings to issuers and their obligations and, through its Subscription Rating Service (SRS), financial strength ratings to financial institutions, corporations and sovereigns. KBRA issues both long-term and short-term credit ratings.
Long-Term Credit Ratings
Kroll Bond Rating Agency (KBRA) assigns credit ratings to issuers and their obligations using the same rating scale. In either case, KBRA's credit ratings are intended to reflect both the probability of default and severity of loss in the event of default, with greater emphasis on probability of default at higher rating categories. For obligations, the determination of expected loss severity is, among other things, a function of the seniority of the claim. Generally speaking, issuer-level ratings assume a loss severity consistent with a senior unsecured claim. KBRA appends an (sf) indicator to ratings assigned to structured finance obligations.
KBRA may append - or + modifiers to ratings in categories AA through CCC to indicate, respectively, upper and lower risk levels within the broader category.
Short-Term Credit Ratings
Kroll Bond Rating Agency's short-term ratings indicate an ability to meet obligations that typically have maturities of thirteen months or less when issued by corporate entities, financial institutions, and in connection with structured finance transactions. When applied to municipal obligations, KBRA's short-term ratings typically indicate an ability to meet obligations of three years or less. Short-term ratings may be assigned to both issuers and to specific obligations. As compared to long-term ratings, greater emphasis is placed on an obligor's liquidity profile and access to funding. KBRA appends an (sf) indicator to ratings assigned to structured finance obligations.
KBRA may append a + modifier to ratings in the K1 category to indicate exceptional ability to meet short-term obligations.
Bank Financial Strength Ratings
The Kroll Bond Rating Agency (KBRA) financial strength rating is a measure of the overall financial condition of an institution and its ability to meet its credit obligations.
SRS Default Ratings
In addition to Financial Strength ratings, KBRA’s Subscription Rating Service may assign Default Ratings to certain entities. KBRA's Default Ratings are intended to reflect an entity’s risk of default and/or bankruptcy. The use of lower case symbols distinguishes these ratings from KBRA’s Long-Term Credit Ratings, which address both default probability and severity of loss.