Kroll Bond Rating Agency News and Credit Updates
PennyMac-sponsored PMT Loan Trust 2026-INV11 secures preliminary KBRA ratings for RMBS notes
A new prime residential mortgage-backed securities deal backed by investment property and second-home loans is moving through the ratings process in the U.S. The transaction, PMT Loan Trust ...
KBRA rates $497.2 million New Residential mortgage bond deal
A new non-prime residential mortgage-backed securities transaction backed by 870 recently originated home loans is coming to market with ratings assigned across eight note classes. The deal, New ...
Pizza Hut securitization wins preliminary KBRA ratings for inaugural North America deal
Pizza Hut is moving to tap securitization markets through its first whole business transaction backed by North American revenue-generating assets. The proposed Series 2026-1 deal is designed to ...
KBRA sees U.S. RMBS issuance rising in 2027 as credit performance stays resilient
U.S. residential mortgage-backed securities issuance is set to extend its growth into 2027 as elevated mortgage rates continue to reshape refinancing, home equity borrowing, and collateral trends. ...
San José wastewater system rating reflects strong finances amid $1.4 billion capital plan
San José's wastewater revenue credit profile is supported by a large and economically strong service area, independent rate-setting authority, and ample treatment capacity. The assessment also ...
IGS Solar Shamrock issuer 2026-1 receives KBRA ratings for solar-backed notes
Residential solar asset-backed issuance in the U.S. continues to tap structured finance markets as lenders package long-dated customer contracts into rated securities. IGS Solar Shamrock Issuer ...
KBRA affirms RRE 10 CLO ratings as portfolio tests remain compliant
RRE 10 Loan Management DAC continues to show stable collateral performance more than five years after closing and one year after its reset. The European cash flow CLO has about 4.08 years left in ...
KBRA rates Rocket Loans' RKTL 2026-4 consumer loan ABS
Rocket Loans returns to the asset-backed securities market with its sixth 144A unsecured consumer loan securitization, adding a $489.409 million transaction backed by personal loans. The deal, ...
KBRA downgrades five JPMDB 2016-C2 ratings as losses pressure CMBS deal
The JPMDB 2016-C2 commercial mortgage-backed securities transaction now consists of seven assets with an aggregate balance of $291.6 million, down from 30 loans totaling $892.8 million at ...
KBRA compiles October credit market outlook from weekly podcast series
Credit market participants are getting a consolidated look at KBRA's recent market commentary through a new October 2026 report built from its weekly podcast transcripts. The publication groups 12 ...
KBRA affirms ratings on Benchmark 2024-V11 CMBS deal
Benchmark 2024-V11 continues to show largely stable collateral performance in KBRA's latest surveillance review of the $1.0 billion CMBS conduit transaction. The review identifies one specially ...
El Paso ISD credit profile reflects tax pledge strength amid financial pressure
El Paso Independent School District's long-term credit rating reflects the strength of its unlimited tax ad valorem pledge and the relative stability of the El Paso area's economic base. The ...
Uniti Fiber ABS issuers secure KBRA ratings affirmation on 2025 note series
Credit support for multiple Uniti Fiber securitization notes remains adequate under KBRA's latest review of the communications infrastructure financing structure. The assessment uses data from the ...
KBRA assigns ratings to Hildene 2026-NQM1 mortgage trust RMBS deal
The residential mortgage-backed securities market is seeing another non-QM issuance as Hildene 2026-NQM1 comes to market with $292.5 million of collateral. The transaction includes 381 residential ...
KBRA affirms Hildene TruPS 6 note ratings as liabilities decline
Hildene TruPS Securitization 6 continues to amortize as underlying assets prepay and the transaction records no defaults in its latest portfolio review. KBRA affirmed ratings on seven note ...
Argentic risk retention certificate rating affirmed as KBRA maintains BBB- on $17.8 million tranche
The latest surveillance review keeps the rating on Argentic Risk Retention Pass Through Certificates, MOA 2020-WC54 E unchanged despite some weakening in the underlying commercial mortgage pool. ...
KBRA cuts six CSAIL 2018-C14 ratings as CMBS pool performance weakens
Deterioration in the collateral behind CSAIL 2018-C14 prompts fresh rating pressure on parts of the $632.7 million CMBS conduit transaction. The latest review cites worsening pool performance ...
UBS 2018-C14 surveillance report outlines CMBS performance trends
Commercial real estate credit surveillance remains a key part of structured finance monitoring as investors track loan and property performance across securitized portfolios. The UBS 2018-C14 ...
Susquehanna airport authority rating reflects strong demand, high leverage risks
Harrisburg International Airport's governing authority is assessed against a backdrop of record passenger activity and a diversified regional economy in central Pennsylvania. The review also ...
KBRA CMBS surveillance report highlights commercial real estate loan trends
Commercial mortgage-backed securities market participants are receiving a detailed surveillance update centered on property-level performance and loan monitoring. The report focuses on commercial ...
KBRA updates Carvana Auto Receivables Trust surveillance for U.S. ABS investors
Investor attention remains on asset-backed securities tied to auto finance performance as lenders and rating firms track borrower trends and collateral quality. KBRA's latest surveillance ...
