Kroll

KBRA Assigns Preliminary Ratings to Taurus 2021-2 SP DAC

Tuesday, February 23, 2021 - 6:59pm

Kroll Bond Rating Agency UK Limited (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Taurus 2021-2 SP DAC, a CMBS single-borrower securitisation.

Key Points: 
  • Kroll Bond Rating Agency UK Limited (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Taurus 2021-2 SP DAC, a CMBS single-borrower securitisation.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.
  • Kroll Bond Rating Agency UK is located at Augustine House, Austin Friars, London, EC2N 2HA, United Kingdom.

KBRA Assigns Preliminary Rating to Oasis 2021-1

Monday, February 22, 2021 - 9:21pm

Kroll Bond Rating Agency (KBRA) assigns a preliminary rating to one class of notes issued by Oasis 2021-1 LLC (Oasis 2021-1).

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns a preliminary rating to one class of notes issued by Oasis 2021-1 LLC (Oasis 2021-1).
  • Oasis 2021-1 represents the third ABS collateralized by litigation finance receivables to be sponsored by Oasis Intermediate Holdco, LLC (Oasis) and the first to include Oasis MedPort-branded (MedPort) medical lien receivables.
  • Oasis is a wholly-owned subsidiary of Oasis Parent, L.P. which is majority owned by Parthenon Investors IV, L.P.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

KBRA Assigns Preliminary Ratings to Canada Square Funding 2021-1 Plc

Friday, February 19, 2021 - 5:14pm

This credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union.

Key Points: 
  • This credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union.
  • Information on a credit ratings endorsement status is available on its rating page at KBRA.com.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Assigns Preliminary Ratings to Ellington Financial Mortgage Trust 2021-1 (EFMT 2021-1)

Wednesday, February 17, 2021 - 7:06pm

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.

Key Points: 
  • Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Releases Research – Sovereigns Macro Chart Deck

Friday, February 12, 2021 - 11:14pm

Kroll Bond Rating Agency (KBRA) releases a chart deck that highlights some of the key data points we are analyzing in relation to sovereign macro developments.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a chart deck that highlights some of the key data points we are analyzing in relation to sovereign macro developments.
  • This publication was adapted from KBRAs February edition of The Bank Treasury Newsletter Chart Deck.
  • The Sovereigns Macro Chart Deck provides select statistics and graphs that we believe are useful to understanding what may challenge post-pandemic recovery and fiscal repair.
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

KBRA Releases Report Assigning Rating to The Indianapolis Local Public Improvement Bond Bank, Bonds, Series 2021 A

Thursday, February 11, 2021 - 7:27pm

On February 8, 2021, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of A+ with a Stable Outlook to the Indianapolis Local Public Improvement Bond Bank, Bonds, Series 2021 A.

Key Points: 
  • On February 8, 2021, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of A+ with a Stable Outlook to the Indianapolis Local Public Improvement Bond Bank, Bonds, Series 2021 A.
  • The Board is funding improvements to the Bankers Life Fieldhouse, a downtown Indianapolis venue that hosts sports and entertainment events.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.

KBRA Assigns Preliminary Ratings to Taurus 2021-1 UK DAC

Wednesday, February 10, 2021 - 2:25pm

Kroll Bond Rating Agency UK Limited (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Taurus 2021-1 UK DAC, a CMBS single-borrower securitisation.

Key Points: 
  • Kroll Bond Rating Agency UK Limited (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Taurus 2021-1 UK DAC, a CMBS single-borrower securitisation.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.
  • Kroll Bond Rating Agency UK is located at Augustine House, Austin Friars, London, EC2N 2HA, United Kingdom.

KBRA Assigns Preliminary Long-Term Credit Rating of AA with a Stable Outlook to Fidus Re Ltd.’s Series 2021-1 Class A Principal-at-Risk Variable Rate Notes

Tuesday, February 9, 2021 - 7:03pm

Kroll Bond Rating Agency (KBRA) assigns a preliminary long-term credit rating of AA with a Stable Outlook to Fidus Re Ltd.s Series 2021-1 Class A Principal-at-Risk Variable Rate Notes due January 11, 2033.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns a preliminary long-term credit rating of AA with a Stable Outlook to Fidus Re Ltd.s Series 2021-1 Class A Principal-at-Risk Variable Rate Notes due January 11, 2033.
  • This is the second issuance of notes by the Issuer (the Fidus Series 2018-1 Notes are rated AA/Stable by KBRA).
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Releases Report Assigning AA with a Positive Outlook to the State of Wisconsin Master Lease Certificates of Participation of 2021, Series A

Monday, February 8, 2021 - 11:43pm

On February 5, 2021, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA with a Positive Outlook to the State of Wisconsin Master Lease Certificates of Participation of 2021, Series A.

Key Points: 
  • On February 5, 2021, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA with a Positive Outlook to the State of Wisconsin Master Lease Certificates of Participation of 2021, Series A.
    Concurrently, KBRA affirmed the long-term rating of AA+ with a Positive Outlook on the States outstanding General Obligation (GO) Bonds and long-term rating of AA with a Positive Outlook on the States outstanding Master Lease Certificates of Participation (COPs).
  • Lastly, KBRA affirmed the short-term rating of K1+ on the States GO Commercial Paper (CP) Program and GO Expendable Municipal Commercial Paper (EMCP) Program.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.

KBRA Assigns Preliminary Ratings to CFMT 2021-GRN1 Issuer Trust

Monday, February 8, 2021 - 8:00pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by CFMT 2021-GRN1 Issuer Trust (CFMT 2021-GRN1), a home improvement loan ABS transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by CFMT 2021-GRN1 Issuer Trust (CFMT 2021-GRN1), a home improvement loan ABS transaction.
  • The Participations will be sold from Cascade Funding LP Series 1, an entity owned by funds managed by Waterfall Asset Management, LLC, to CFMT 2021-GRN1.
  • KBRA also conducted an operational assessment of GreenSky, as well as a review of the transactions legal structure and transaction documents.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.