KBRA Releases – European Securitisation Supply Forecast: Down but Not Out
NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases its European Securitisation
Supply Forecast: Down but Not Out research report in response to current
conditions in the debt markets.
Last year the European debt markets began to emerge from an era of
unprecedented expansionary monetary policy, which helped fuel a surge in
securitised new issue volume in 2018. Unfortunately, the implementation
of new securitisation regulations in 2019 quickly dashed all hopes for
continued supply growth this year.
Although volumes have fallen significantly year-to-date, KBRA believes
the pace of supply will likely accelerate in the second half of the
year. As a result, we forecast the amount of placed securitised debt to
land around EUR95 billion for 2019.
To access the report, click here.
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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
Analytical
Brian Ford, CFA,
Structured Finance Research
(646) 731-2329
bford@kbra.com