Market Participants
KBRA
Also known as: Kroll Bond Rating Agency, Kroll
status: draft
Kroll Bond Rating Agency. One of the nationally recognized statistical rating organizations (NRSROs) that rates structured finance transactions. Often competes with Moody’s, S&P, and Fitch for ABS and CLO mandates.
What to watch
Rating agency criteria differ. KBRA may have different loss assumptions, credit enhancement requirements, or surveillance practices than other agencies. Check which agency rated the deal and understand their specific methodology for the asset class.
Referenced in 58 topics
Accessing insurance capital for originators playbooks Aircraft leases asset-classes Approaching banks for warehouse capital playbooks Auto loans and leases asset-classes BNPL receivables asset-classes Breaking into ABF playbooks Bridge / fix-and-flip asset-classes Broadly syndicated loan CLOs asset-classes Careers at service providers playbooks Cell tower and data center ABS (digital infrastructure) asset-classes CMBS (conduit, SASB, large loan) asset-classes CRE CLOs asset-classes Deal structures asset-classes Due diligence question bank documentation Education and vocational receivables asset-classes Equipment leases and loans asset-classes Evaluating a credit fund's ABF strategy playbooks Finding service providers market-landscape Finding the right capital partner playbooks How to benchmark your deal against the market playbooks Industry infrastructure market-landscape Infrastructure debt asset-classes Insurance capital capital-sources Key counterparties for credit funds playbooks Key participants asset-classes Market data and public datasets market-landscape Market intelligence market-landscape Market spreads guide market-landscape Marketplace lending and fintech-originated asset-classes Middle market CLOs asset-classes Ongoing portfolio management (capital provider) playbooks Participant directory market-landscape Personal / unsecured consumer loans asset-classes Powersports (RV, marine, motorcycle) asset-classes Premium finance asset-classes Pricing negotiation playbooks Primary market process market-landscape Private placement / bespoke structures structures Public markets and retail access capital-sources Rail cars and rolling stock asset-classes Rated note feeders structures Rating agencies counterparties Rating agency engagement for funds playbooks Rule 144A offering circular documentation Single-family rental (SFR) asset-classes Solar / renewable energy (PACE, PPA, solar loan) asset-classes Sourcing ABF deals playbooks Sourcing capital for ABF funds playbooks Structuring deals for investor appeal playbooks Student loans (federal and private) asset-classes Term securitization (ABS/MBS) structures The ABF ecosystem (players, roles, and how they interact) foundations Timeshare receivables asset-classes Trade receivables and supply chain finance asset-classes Understanding deal fees playbooks Valuation governance accounting-valuation What is negotiable by structure type playbooks Whole business securitization asset-classes