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KBRA Releases Research – Brexit: Spain and Portugal; Impact Contained but Sector Exposure Remains

April 8, 2019

DUBLIN--(BUSINESS WIRE)--Apr 8, 2019--Kroll Bond Rating Agency Europe Limited’s (KBRA) latest macro-market comment discusses possible Brexit-related impacts on two European Union (EU) member states rated by KBRA, namely Spain and Portugal. The UK is not the primary trading partner for either Spain or Portugal, but it does maintain significant trade and commercial relations with these countries. KBRA’s view is that Brexit-related challenges will be contained for Spain and Portugal, although specific sectors in each country stand out as more exposed in the aftermath of the UK’s departure the EU.

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Related Publications: (available at www.kbra.com )

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190408005513/en/

CONTACT: Analytical Contacts:

Alan Madden, Director, Sovereigns

Dublin

+353 (1) 588 1230

amadden@kbra.com

Joan Feldbaum-Vidra, Managing Director, Sovereigns

New York

+1 (646) 731-2362

jfeldbaumvidra@kbra.com

KEYWORD: UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA PORTUGAL NEW YORK SPAIN IRELAND

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: KBRA

Copyright Business Wire 2019.

PUB: 04/08/2019 09:51 AM/DISC: 04/08/2019 09:51 AM

http://www.businesswire.com/news/home/20190408005513/en