KBRA Releases Research – Private and Public Ratings: Comparable Stability Across KBRA’s Ratings Universe
KBRA releases research that compares the lifetime stability of KBRA’s private and public ratings across our ratings portfolio, including separate analyses of our corporate, financial, and government (CFG) ratings and structured finance (SF) ratings portfolios. As private credit markets have continued to grow, investors and market participants have increasingly focused on the performance of private ratings relative to ratings disseminated publicly.
Key Takeaways
KBRA’s private and public ratings have exhibited broadly comparable lifetime stability, with KBRA Stability Ratios (KSR) of 96.1% and 96%, respectively.
Private ratings accounted for 9.8% of KBRA’s total rating assignments since 2011, but their share has increased in recent years.
