Latest news with #Organization
Business Wire
11-06-2025
- Business
- Business Wire
KBRA Releases Global ABS 2025: Day 1 Recap
LONDON--(BUSINESS WIRE)--The Global ABS 2025 conference, held in Barcelona on 10-12 June, opened to a record 5,000+ registered attendees, including over 2,000 issuers and investors, as well as a full programme. The conference celebrated its 29th anniversary as the largest annual European structured finance conference and is hosted by the Association for Financial Markets in Europe (AFME). This year marks the first time the event is being organised by FT Live, following its takeover of the previous organiser, Invisso. Judging by the strong attendance and KBRA's very active meeting calendar, the industry event reflects the growth momentum experienced by European securitisation markets. New transaction issuance started the year on a strong note and, despite a temporary pause, continued to build a robust and positive pipeline of transactions across all product types. Day 1 panels featured market updates on asset-backed securities (ABS), collateralised loan obligations (CLO), commercial mortgage-backed securities (CMBS), nonperforming loans (NPL), and more. Other discussions included broader topics such as regulation and synthetic risk transfer (SRT) securities, including several plenary sessions. KBRA speakers featured on a number of important panels covering solar panel loans, CLOs, and residential mortgage-backed securities (RMBS) markets. Click here to view a recap of some of the day's panel discussions. Recent Publications About KBRA KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions. Doc ID: 1009819
Business Wire
10-06-2025
- Business
- Business Wire
KBRA's Nitin Bhasin, Global Head of CMBS, Elected to CREFC's Board of Governors
NEW YORK--(BUSINESS WIRE)--KBRA, a global full-service credit rating agency, is pleased to announce that Nitin Bhasin, CFA, Senior Managing Director and Global Head of Commercial Mortgage-Backed Securities (CMBS), has been elected to the Board of Governors of the Commercial Real Estate Finance Council (CREFC). CREFC is the leading trade association for the $5 trillion commercial real estate (CRE) finance industry and serves as a vital forum for market participants to engage in key policy, market, and industry developments. Since joining KBRA in 2011, Nitin has played a pivotal role in building and expanding the firm's CRE ratings platform. As one of the first members of KBRA's CMBS team, he helped rate the agency's inaugural rated CMBS transaction— laying the groundwork for what has become a cornerstone of KBRA's structured finance practice. He has also been instrumental in strengthening KBRA's relationships with CMBS investors by championing open dialogue, encouraging proactive engagement, and consistently reinforcing transparency around ratings and methodology. At KBRA, Nitin leads the global CMBS ratings group, which covers a wide range of sectors, including private-label and agency CMBS, CRE collateralized loan obligations (CLO), single-family rental (SFR), small balance commercial (SBC), and re-REMICs. He also serves on KBRA's Credit Policy Committee, contributing to policy and criteria development across structured, corporate, and government finance. His leadership has helped KBRA earn its strong reputation for analytical rigor, transparent methodologies, and insightful research. 'Nitin has played a foundational role in shaping KBRA's commercial real estate ratings practice from the ground up,' said Eric Thompson, Global Head of Structured Finance Ratings at KBRA. 'His election to the CREFC board underscores his standing as a market leader who brings valuable perspectives to the industry. We are thrilled to see him take on this leadership role and bring his deep expertise and collaborative spirit to the broader industry.' Among his other pre-KBRA roles, Nitin advised on and executed CRE securitizations and net lease transactions at Wachovia Securities. He earned dual bachelor's degrees in architecture and building science from Panjab University and an MBA from Wake Forest University. He is also a Chartered Financial Analyst (CFA) charterholder. To view the full list of CREFC's Board of Governors, click here. About KBRA KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions. Doc ID: 1009871
Business Wire
04-06-2025
- Business
- Business Wire
KBRA Releases Research – New Vintage Office Loans: Rising Credit Quality Amid Lingering Uncertainty
NEW YORK--(BUSINESS WIRE)--KBRA releases research on the increase in CMBS 2.0 office issuance and recent trends in newly originated conduit office loans. Office properties have typically collateralized about one-quarter of all commercial mortgage-backed securities (CMBS) 2.0 loans, by balance, across both conduits and single-asset single borrower (SASB) deals from 2012 to 2019. The pandemic disrupted that trajectory, initially driving office exposure to one-third of all deals in 2020 when retail and lodging fell out of favor, then declining to single-digit exposure in 2024 as remote working arrangements became more mainstream. The current year, however, began on a positive note for CMBS 2.0 office issuance, with Q1 2025 topping $10 billion, over 6x higher than Q1 2024. At 28.3% exposure, office is now matching more historical norms. Key Takeaways Conduit office exposure has been steadily declining since 2020, when it accounted for 36.4% of CMBS 2.0 issuance volume. However, the trend reversed in Q1 2025, with exposure rising to 16.3% from 13.9% in Q1 2024 and 15.4% for the full-year 2024. Recent vintage conduit office assets are increasingly concentrated in primary markets. Assets in Tier 1 markets, which KBRA considers as the most liquid, accounted for 72% of issuance in 2024 and 82% in Q1 2025, up from 65% in pre-pandemic CMBS 2.0. The New York and Los Angeles metropolitan statistical areas (MSA) continue to top the list of the largest exposures, while San Francisco has declined in recent vintages, reflecting the outsized negative impact of hybrid and remote working on the office sector in the market. Acquisitions fell from one-third of all financings historically to just one-sixth over the last year, while recapitalizations became more common as borrowers sought to bring in new capital. Life sciences, research and development (R&D), and medical office properties increased from minimal exposure (6% in 2012-19) to nearly one-quarter (24%) in 2023, before experiencing a pullback in 2024. Recent office conduit securitization has included a higher share of newly built properties, with assets constructed after 2000 now accounting for nearly one-half of all office assets, up from one-quarter historically. Conduit office leverage metrics over the last five years have improved at a faster rate than for non-office properties. Click here to view the report. Recent Publications About KBRA KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions. Doc ID: 1009737
Business Wire
30-05-2025
- Business
- Business Wire
KBRA Releases Research – Sound Check: Music ABS Performance
NEW YORK--(BUSINESS WIRE)--KBRA releases research on the performance of the music asset-backed securities (ABS) sector. The music royalties ABS sector has expanded meaningfully in recent years, supported by strong investor demand for uncorrelated cash flows and the growing institutionalization of music rights. Although performance in the asset class has remained largely stable, KBRA has observed variations across individual catalogs that make up the collateral, particularly as transactions have seasoned. Some transactions have benefited more from resilient streaming growth and industry tailwinds, while others have faced pressure from underperforming assets and delayed revenue realization. In this report, we share insights across KBRA's rated universe of transactions, including historical debt service coverage ratios and the key factors driving differences in catalog performance. KBRA has assigned 64 ratings on music royalty ABS across 15 issuers since 2020, totaling approximately $8 billion in issuance. Click here to view the report. Related Publications About KBRA KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions. Doc ID: 1009684
Filipino Times
28-05-2025
- Entertainment
- Filipino Times
Miss Grand International revokes crown from India's Rachel Gupta
The Miss Grand International (MGI) Organization has officially stripped Rachel Gupta of her title as Miss Grand International 2024. Gupta, who hails from India, was removed from her position after failing to fulfill her responsibilities as the reigning queen, the organization said in a statement. 'The Miss Grand International Organization hereby announces the termination of Miss Rachel Gupta's title as Miss Grand International 2024, effective immediately,' the official statement read. The organization also revealed that Gupta engaged in outside projects without seeking prior approval. 'This decision follows her failure to fulfill her assigned duties, engagement in external projects without prior approval from the organization, and her refusal to participate in the scheduled trip to Guatemala,' the MGI added. Because of these actions, Miss Grand International declared that Gupta is no longer authorized to use the 2024 title or wear the crown. She has been instructed to return the crown to the MGI Head Office within 30 days. Meanwhile, in a separate statement, Gupta said she decided to step down from her role after experiencing 'broken promises, mistreatment, and a toxic environment' in the months following her coronation. She stated that the decision was not made lightly, and that she plans to release a full video detailing the reasons behind her move. 'The truth will come out very soon,' she wrote in a caption on Instagram. View this post on Instagram A post shared by Rachel Gupta (@_rachelgupta)
