KBRA Releases European CMBS Rating Methodology
DUBLIN--(BUSINESS WIRE)--Nov 7, 2018--Kroll Bond Rating Agency Europe Limited (KBRA) is pleased to release its methodology for rating securities backed by European commercial mortgages. The European CMBS Methodology addresses KBRA’s approach to rating mortgage securitisations consisting of commercial real estate collateral originated in European countries.
The publication outlines several determinants used in formulating KBRA ratings, which include the following: (i) KBRA property analysis; (ii) Determination of KBRA Net Cash Flow (KNCF) and KBRA Value; (iii) Evaluation of loan-level ratable proceeds, including the KBRA Tranching Template and adjustments to account for property and loan characteristics; (iv) Assessment of the securitisation framework from a structural and legal perspective; and (v) Ongoing surveillance of the transaction.
For more details, please click .
CONNECT WITH KBRA
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/20181107005608/en/
Matthew Horner, Director, CMBS
+353 1 669 2677
Stephen Kemmy, Director, RMBS
+353 1 669 2678
Nitin Bhasin, CFA, Senior Managing Director, CMBS & CRE CLO
+1 (646) 731-2334
Yee Cent Wong, Senior Managing Director, CMBS
+1 (646) 731-2374
KEYWORD: UNITED KINGDOM EUROPE IRELAND
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE INSURANCE
SOURCE: Kroll Bond Rating Agency Europe Limited
Copyright Business Wire 2018.
PUB: 11/07/2018 10:13 AM/DISC: 11/07/2018 10:13 AM