News Column

KBRA’s Credit Profile Reports To Be Made Available on Trepp

June 3, 2014



NEW YORK--(BUSINESS WIRE)-- Kroll Bond Rating Agency (KBRA) announced an agreement with Trepp, LLC, a leading provider of information analytics and technology to the CMBS market, to integrate its newly released surveillance service with the Trepp product suite. The agreement will allow clients of both services to access KBRA’s Credit Profile (KCP) reports through Trepp.com.

“We are pleased to deliver KBRA’s new CMBS surveillance product through Trepp, LLC,” said Eric Thompson, Senior Managing Director of Kroll Bond Rating Agency. “The combination is a win-win for our joint subscribers. Market participants can now go to one place to access the sector’s leading tools to evaluate credit risk. KCP Reports offer a fresh perspective on surveillance, and provide the most robust analysis in the marketplace.”

KBRA’s dedicated analysts produce KCP Reports on a monthly basis, which contain color and commentary on outstanding CMBS transactions in a concise, easy to read format. The reports provide multiple valuations for all of the top 10 loans, as well as KBRA Loans of Concern (K-LOCs), which include all delinquent, defaulted, and credit impaired loans. The valuations are used in estimating loan level losses in a manner that considers both probability of default and resolution timing. KCP reports, as well as report data that can be downloaded for use in subscribers’ own internal systems, are available via www.kcp.kbra.com. The service provides the transparency market constituents have come to expect from KBRA, with disclosure of the data and assumptions its analysts use in arriving at their property valuations.

“As Trepp looks to enhance its product suite with more comprehensive third-party news and analysis, KBRA’s surveillance service is a natural addition to our platform,” said Tom Fink, Senior Managing Director at Trepp. “KBRA’s reports offer a comprehensive view of the credit risk of CMBS transactions and their underlying loan collateral,” Fink said.

The integrated capability will be demonstrated at the June 9thCommercial Real Estate Finance Council conference in New York.

About Kroll Bond Rating Agency, Inc.

Kroll Bond Rating Agency (KBRA) was established in 2010 by Jules Kroll to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate, clear and transparent ratings. KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

About Trepp, LLC

Trepp, LLC, founded in 1979, is the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency and investment performance. From its offices in New York, San Francisco and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance and portfolio management. Trepp is wholly-owned by DMG Information, the information publishing division of the Daily Mail and General Trust (DMGT). For more information, visit www.Trepp.com.




Media Relations

Kate Kennedy, 646-731-2348


Source: Kroll Bond Rating Agency


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