Joseph Kelly, Senior Director at Kroll Bond Rating Agency (KBRA), recently spoke at the Regional Conference of Mortgage Bankers convention in Atlantic City, New Jersey. KBRA was established in 2010 in an effort to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate and transparent ratings for structured debt transactions. KBRA was the second most active rating agency in the CMBS sector for 2015 with a 55% market share (70 deals) and is expected to remain in this position in 2016.
“Joe was on a panel discussing the state of the CMBS market and current trends in CMBS credit metrics when he caught my ear,” said Michael D. Sneden, Executive Vice President at ValueXpress. “He said ‘and by the way, all of our CMBS research, including deal pre-sale rating reports are free.’ “
“CMBS research and pre-sale reports are not free from the other rating agencies. I signed up with KBRA immediately,” said Sneden.
Anyone can gain access to KBRA research by signing up at https://www.krollbondratings.com. After you sign up, click on “Research,” then in the product drop-down tab select “CMBS.” This will take you to a treasure trove of research reports on new and older CMBS deals.