Kroll Bond Rating Agency Unveils Its New Corporate Rating Model

MOUNT AIRY, Md.--(BUSINESS WIRE)--The Kroll Bond Rating Agency (KBRA) Subscription Rating Service (SRS) announced the publication of its new Corporate rating model and released its first Probability of Default ratings for over 2,700 U.S. corporations.

The revised Corporate rating model offers improved accuracy, while increasing the frequency of rating updates and expanding the number of entities rated. To reflect the emphasis on probability of default, the SRS corporate ratings are now assigned using KBRA’s long-term rating scale, but expressed as lower case symbols. To review a copy of the ratings methodology and the scale, please see A Model for Assigning Probability of Default Ratings to Corporations at https://www.krollbondratings.com/show_report/428.

SRS provides financial strength and probability of default ratings for over 18,000 entities. The Subscription Rating Service is used by finance, risk and treasury professionals to determine the credit worthiness and financial soundness of institutions. Typical users of the SRS financial strength ratings include financial institutions, cash managers and treasurers of Fortune 500 companies, state municipalities and other government agencies, universities, investment banks and portfolio managers. This service is also used by institutions that accept Letters of Credit, guarantees, or other credit enhancements issued by banks (and other financial institutions).

SRS provides unmatched depth and breadth of ratings for:

• ALL U.S. Commercial Banks - 6,537 institutions
• ALL Savings & Loans - 601 institutions
• ALL Credit Unions (non-corporate) - 7,030 institutions
• Bank Holding Companies – 995 institutions
• Corporations – 2,716 institutions
• Non-U.S. Banks – 262 institutions
• Title Insurance Companies – 46 institutions

About 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).