KBRA Releases Research on Top 10 KBRA-Rated RMBS Exposure to Hurricane Ida

Kroll Bond Rating Agency (KBRA) releases a report on KBRA-rated residential mortgage-backed security (RMBS) exposure to Hurricane Ida, which made landfall near Port Fourchon, Louisiana, as a Category 4 storm over the weekend on August 29.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, August 31, 2021
Information
Tags: 
Banking, Professional Services, Finance, RMBS, KBRA, Hurricane Ida, Bond
Geotags: 
United States, NEW YORK, LOUISIANA, PORT FOURCHON, UK, CANADA
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Summary
Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report on KBRA-rated residential mortgage-backed security (RMBS) exposure to Hurricane Ida, which made landfall near Port Fourchon, Louisiana, as a Category 4 storm over the weekend on August 29.
  • While Idas effects are still evolving, KBRA endeavored to identify the potential exposure of our rated RMBS universe.
  • KBRAs analysis generally assumed that the most heavily affected regions from the storm are areas throughout the state of Louisiana.
  • The report describes the overall exposure to these areas, lists the 10 deals with highest exposure by current balance, and maps property concentration for the most exposed deals.


Kroll Bond Rating Agency (KBRA) releases a report on KBRA-rated residential mortgage-backed security (RMBS) exposure to Hurricane Ida, which made landfall near Port Fourchon, Louisiana, as a Category 4 storm over the weekend on August 29.

While Ida’s effects are still evolving, KBRA endeavored to identify the potential exposure of our rated RMBS universe. KBRA’s analysis generally assumed that the most heavily affected regions from the storm are areas throughout the state of Louisiana. The report describes the overall exposure to these areas, lists the 10 deals with highest exposure by current balance, and maps property concentration for the most exposed deals.

Click here to view the report.

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

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