KBRA

"While roughly 70 percent of issuers with positive EBITDA may see their interest coverage ratios rise by 0.25x or more assuming a decline of base rates by 200 basis points, those with weaker financial positions may benefit the least according to a report by rating agency KBRA." Read the full story on Private Debt Investor here: https://lnkd.in/eSRJdZYj or read the full report on KBRA.com here: https://lnkd.in/exHJ2x_G

"Concord declined to comment on price. However, earlier this month in a KBRA report about Concord’s #assetbacked security, the bond rating agency wrote that Concord acquired the catalog of “a highly successful Latin #Music artist and songwriter” in 2024 and that those works were valued at $217.3 million." Read the full article on Billboard: https://lnkd.in/eQhAhvRt | #KBRANews

KBRA believes that the ISAC framework provides AeBe with a robust #corporatestructure. Its analysis included: “At year-end 2023, AeBe’s Bermuda Solvency Capital Requirement coverage ratio was 567 per cent. As AeBe continues to execute its business plan, KBRA expects this ratio to decrease but remain strong over the medium term. Read the full story on the The Royal Gazette Limited: https://lnkd.in/e3q8zRc3 | #Insurance #KBRANews

KBRA released the October 2024 issue of CMBS Trend Watch. The #CMBS new issuance market was active in October, in an apparent move ahead of the #presidentialelection and its potential uncertainties. A total of 20 deals ($14.6 billion) priced in the month, bringing year-to-date October issuance higher by 199.1% year-over-year. The election is seemingly bringing a brief pause in #issuance in early November, but should quickly rebound. Read the full report here: https://lnkd.in/eQMU62pd | #insightfulresearch #financialmarket

Join KBRA for the NAVigating the Private Equity Landscape—NAV #Loans Still Perform #Webinar on Tuesday, November 19 at 10am EST where our sector experts will discuss the following topics: • Drivers for continued growth in NAV loans • NAV loans to secondaries vs. PE funds • KBRA’s analytical considerations • Observations on issuance trends To be a part of the discussion with Eric Neglia, Thomas Speller, CFA and Min Xu, register at https://lnkd.in/eHZrqEBi

KBRA’s Sana Jivani will join other industry leaders to share her expertise on the evolution of #fundfinance during the Pathways to Liquidity panel at Informa’s SuperReturn North America conference in #NewYork City on November 13. See the latest conference agenda and registration information here: https://bit.ly/3lVvuHJ | #funds #financilamarket

Ryon Aguirre, CFA, a Senior Director on KBRA’s #Funds team, joined the Fundraising challenges: what’s in your toolkit? panel earlier today at Informa’s #SuperInvestor. Are you attending the conference? Why not stop by booth ES18 in the exhibit hall to meet with our team! View the agenda here: https://lnkd.in/gxiN7pHp or access our #privatecredit content on https://lnkd.in/ezBwbCJA #KBRAPrivateCredit

“As the 2024 #hurricaneseason enters into its final month, KBRA, the global full-service rating agency has highlighted the uptick in storm activity as several weather systems made landfall in the southeastern United States.” Our latest #insurance research details the financial impact that recent meteorological conditions have had on Florida-based #insurancecompanies. View the report today: https://lnkd.in/e3jZjQ4U or check out the full Reinsurance News story here: https://lnkd.in/eVBawPyT #hurricanemilton #hurricanehelene

KBRA will be sponsoring DealCatalyst's ABSF GLOBAL 2024, taking place in London on 25 November. Killian Walsh, Senior Director - Structured Finance, will be speaking on the session: SLF Perspectives | #ConsumerLending. To see the full agenda or register for the event, please visit: https://lnkd.in/e5Br56BV | #ABS #assetbackedfinance

#KBRANews: "However, delinquencies in #solar #loans have climbed to their highest level since the early pandemic, according to the KBRA. Rising #interestrates have made solar equipment less affordable, pushing some solar companies, like Lumio and SunPower Corp., into #bankruptcy. Read the full story on Tesla North: https://lnkd.in/ead3yw3B