NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases a report detailing exposure in outstanding KBRA-rated RMBS transactions to loans originated by Sterling Bank & Trust, FSB under its Advantage Loan program. The report is in response to Sterling’s announcement via an SEC form 8-K filing on December 9 that it had voluntarily and temporarily suspended the program, pending an internal review of the program’s documentation procedures.
To access the report, click here.
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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.
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