NEW YORK--(EON: Enhanced Online News)--Kroll Bond Rating Agency (KBRA) released its inaugural CMBS monthly newsletter, CMBS Trend Watch. KBRA will use Trend Watch to provide color and commentary on what we are observing in the CMBS marketplace. For the month of September, the overall proportion of loans with IO periods has modulated, KDSC is fairly level, and KLTVs have actually improved since a few months ago. We suspect that some of this tempering may be short lived – at least based on recent CMBS conduit transactions we have analyzed on a preliminary basis. Within the newsletter, a user can download our KBRA Credit Metrics spreadsheet that analyzes these key credit metrics across the 34 KBRA conduits we have rated since March 2012.
About Kroll Bond Rating Agency
KBRA was established in 2010 by Jules Kroll to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate, clear and transparent ratings. 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).