TMCnet News
KBRA Releases CRE CLO Trend Watch on Q1 2019 ActivityKroll Bond Rating Agency (KBRA) releases CRE CLO Trend Watch on Steady Issuance and Performance in Q1 2019. A total of six commercial real estate collateralized loan obligations (CRE CLO) deals closed in Q1 2019. While this is the same number that closed in Q1 2018, total dollar transaction volume, at $3.6 billion, was up 12.5% year-over-year in Q1 2019. Looking ahead, we currently have visibility into five additional transactions in Q2 2019, which would bring 1H 2019 volume at around $6 billion to $7 billion, on pace with 1H 2018 issuance volume of $6.9 billion. KBRA rated four of the six deals that closed in the period. Below we highlight notable trends among the four transactions as well as in our surveillance portfolio:
To view the report, click here. Related Publications: (available at www.kbra.com)
CONNECT WITH KBRA
Twitter 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. KBRA is also 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20190422005493/en/ |