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KBRA Releases Global Structured Credit Rating Methodology

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Kroll Bond Rating Agency (KBRA) releases its methodology for rating
structured credit transactions. The Global Structured Credit Methodology
addresses KBRA's approach to rating structured credit transactions
backed by portfolios of corporate credits, amongst others, including
transactions backed by corporate loan portfolios referred to as
Collateralized Loan Obligations (CLOs).

The rating determinants include: (i) Review and analysis of the
underlying collateral, (ii) Portfolio-level default analysis, (iii)
Transaction and structural analysis, including the review of transaction
documents, (iv) Cash-flow analysis, and (v) Review and analysis of the
collateral manager, when applicable.

Please click here
to access the methodology.

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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
designated as a designated rating organization by the Ontario Securities
Commission for issuers of asset-backed securities to file a short form
prospectus or shelf prospectus, is recognized by the National
Association of Insurance Commissioners as a Credit Rating Provider, and
is 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.

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