Market Overview

KBRA Recognized as an External Credit Assessment Institution by OSFI

Share:

Kroll Bond Rating Agency (KBRA) has been recognized as an eligible
external credit assessment institution (ECAI) by the Office of the
Superintendent of Financial Institutions (OSFI) in Canada. OSFI is an
independent federal government agency that regulates and supervises more
than 400 Canadian federally regulated financial institutions and 1,200
pension plans. Federally regulated financial institutions include all
banks in Canada, and all federally incorporated or registered trust and
loan companies, insurance companies, cooperative credit associations,
fraternal benefit societies and private pension plans.

OSFI is releasing for public consultation revisions to the Capital
Adequacy Requirements (CAR) Guideline for implementation and is
recognizing KBRA as an ECAI for capital purposes, for both long-term and
short-term ratings effective immediately.

"We are pleased to continue our global expansion now into Canada and
look forward to serving market participants with timely, transparent and
forward-looking ratings and research," said Jim Nadler, President and
CEO of KBRA.

KBRA is a full service global rating agency whose mission is to set a
standard of excellence by providing users of our ratings with
transparent, responsive and timely analysis. KBRA offers market
participants with an alternative solution by delivering in-depth
research as well as the tools needed to make informed investment
decisions. With over 300 employees globally across the United States and
Europe, KBRA is headquartered in New York with additional offices in
Pennsylvania, Maryland and Dublin, Ireland. The experienced and
extensive team expands across the Structured Finance, Public Finance,
Financial Institutions, Project Finance, Insurance and Corporate
markets, collectively publishing over 10,000 ratings.

CONNECT WITH KBRA

Twitter
LinkedIn
Download
the iOS App

YouTube

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
recognized by the National Association of Insurance Commissioners as a
Credit Rating Provider and 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.

View Comments and Join the Discussion!