NEW YORK–(BUSINESS WIRE)–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 here
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.
Article source: http://www.businesswire.com/news/home/20180808005605/en/KBRA-Releases-Global-Structured-Finance-Counterparty-Methodology/?feedref=JjAwJuNHiystnCoBq_hl-aC45ZVAsfQfjy4iJM4P87A1-eIfwn0x0eiSlv8DaAkIg_EfkFOaNgL2PG4SPbr1kg_A2CGL-EyAtYNbtACnGnJ51YlY7W-9mzj-PuJxyuYnS-XfqwrefcF50_QVKGoICg==