KBRA Signs the Principles for Responsible Investment
NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has signed the Principles for
Responsible Investment (PRI), highlighting its commitment to
transparently assessing environmental, social and governance (ESG)
issues in its credit research and analysis.
“We are very excited to sign the PRI as KBRA is committed to enhancing
its evaluation of the effect of ESG risks on credit,” KBRA President and
CEO Jim Nadler said. “As public opinion on social and environmental
issues evolve and ESG factors become increasingly important to
investors, we believe ESG risks deserve priority in our publications and
rating analyses.”
By signing the PRI, KBRA shows its commitment to considering ESG issues
in investment decisions and pledges to:1
-
Evaluate the extent to which ESG factors are credit-relevant for
different issuers. -
Publish [its] views transparently on the ways in which ESG factors are
considered in credit ratings. -
Review the ways ESG factors are integrated into credit analysis as our
understanding of these factors evolves. -
Maintain organizational governance and resourcing to deliver quality
ratings, including ESG analysis where relevant. -
Participate in industry-wide efforts to develop consistent public
disclosure by issuers on ESG factors that could impact their
creditworthiness. -
Participate in dialogue with investors to identify and understand ESG
risks to creditworthiness.
As the largest rating agency formed post-crisis, KBRA takes pride in its
innovative approach and ability to respond quickly to changing financial
market dynamics. KBRA is a leader in meeting evolving investor demands
for ESG-related investments and was the first rating agency to rate
securities in both the property assessed clean energy (PACE) and
distributed power bond markets. KBRA is committed to evaluating ESG
trends, their effect on credit, and continually enhancing its
transparent credit analysis in its rating reports.
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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. KBRA is also 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.
Contacts
Kate Kennedy, Senior Managing Director
(646) 731-2348
kkennedy@kbra.com
Emilie Nadler, Associate
(646) 731-3386
enadler@kbra.com