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KBRA Releases Global Structured Finance Counterparty Methodology

August 8, 2018

NEW YORK--(BUSINESS WIRE)--Aug 8, 2018--Kroll Bond Rating Agency (KBRA) releases its methodology assessing counterparty risk in structured finance transactions. The methodology addresses risks related to financial counterparties such as swap and cap providers, liquidity providers, letter of credit banks, and risks related to transaction service counterparties such as servicers, trustees and account banks. The methodology also addresses KBRA’s approach to reviewing eligibility criteria for permitted investments in a structured finance transaction. This methodology serves as a general framework for KBRA’s approach to evaluating general counterparty risks in structured finance transactions, although KBRA will continue to review counterparty risks on a case-by-case basis.

Please click to access the methodology.

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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, is 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/20180808005605/en/

CONTACT: Kroll Bond Rating Agency

Analytical:

Lenny Giltman, 646-731-2378

Managing Director

lgiltman@kbra.com

or

Caitlin Colvin, 646-731-2465

Senior Director

ccolvin@kbra.com

or

George Lyons, CFA, 646-731-3314

Director

glyons@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE OTHER PROFESSIONAL SERVICES

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2018.

PUB: 08/08/2018 01:17 PM/DISC: 08/08/2018 01:17 PM

http://www.businesswire.com/news/home/20180808005605/en

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