Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Releases Research – How Does Credit Break in 2021?
January 11, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 11, 2021
Kroll Bond Rating Agency (KBRA) releases commentary on U.S. corporate credit and how durable we see it being in 2021.
As we head into a new year, credit risk is bid to frothy, if not extreme levels. At KBRA, we have to ask if any of this makes sense. Turns out it does, in our opinion. To be clear, that is not to say that with yields in credit at all-time lows that we believe risk and reward are in alignment. Rather, our view acknowledges that bond market technicals and government support have reduced the relative importance of macro- and microeconomic fundamentals. And we believe this equation is going to hold over the course of 2021, making U.S. credit a durable asset class in 2021.
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Releases Research – What a Year for Container Shipping
January 12, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 12, 2021
Kroll Bond Rating Agency (KBRA) continues to engage with its rated issuers in the shipping space as the industry rides the waves of COVID-19. Despite the impact of the pandemic on the general economy, KBRA notes a favorable trend for the container shipping industry, given a strong rebound in demand growth for consumer products versus service spending (e.g., travel) as well as aircraft cargo displacement by vessels.
KBRA Assigns Preliminary Ratings to GS Mortgage Securities Corporation Trust 2020-TWN3
KBRA Assigns Preliminary Ratings to GS Mortgage Securities Corporation Trust 2020-TWN3 Kroll Bond Rating Agency (KBRA) announces the assignment of preliminary ratings to 11 classes of GS Mortgage Securities Corporation Trust 2020-TWN3, a CMBS single-borrower securitization. The collateral for the transaction consists of a $265.0 million non-recourse, first lien, floating-rate mortgage loan that is secured by the borrowers fee simple interests in 58 hotels totaling 7,140 keys. For the TTM 8/2020 period, the portfolios occupancy was 75.0% with an average daily rate (ADR) of $43.19, resulting in revenue per available room (RevPAR) of $32.41. The underlying collateral consists of 50 economy extended-stay properties operating under the InTown Suites flag located in 12 states and eight midscale extended-stay properties operating under the Uptown Suites flag located in five states.
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