[January 14, 2020]

KBRA Releases CREFC Day 1 Recap

Kroll Bond Rating Agency (KBRA) releases its CREFC Day 1 Recap as the annual conference in Miami kicked off its 21st year with approximately 1,890 registered attendees, a record turnout.

Chuck Lee, Chair of CREFC's Executive Committee, shared in his opening remarks that 2020 marks not just a new year, but also new decade in which we find ourselves in a period of reflection and transition. The retail and office sectors are undergoing significant changes, while the LIBOR transition is approaching. However, he shared that the industry has always been confronted with problems and has found solutions. CREFC was created to increase liquidity and transparency in the commercial real estate debt markets and benefits from the collaboration of the members of CREFC to ensure the highest probability of success owing to its forward-looking perspectives.

In the 2020 Vision: The Market Now and Ahead forum, a panel of lenders and investors which included debt funds, insurance companies, banks, and agencies, acknowledged 2019 as a record year for originations before openings discussions on the following topics:

• The impact of leverage on originations.
• What type of capital is the best source.
• What asset types are currently favored.
• The drivers of competition.
• The outlook for 2020.

For the full report, please click here. We will continue reporting from CREFC tomorrow. For more specific panel coverage, check out KBRA's live tweets from the conference.

Related Reports:

• 2020 CMBS Outlook: This Time Is Different?
• CRE CLO Trend Watch: 2019 Issuance Up; Subordination Levels Down
• CRE Securitization: Transitioning Away From LIBOR
• CMBS Trend Watch: December 2019
• CRE CLO Research Handbook
• KCP WeWork Exposure Update - A Deeper Dive

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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. 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/20200114005516/en/

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