NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases an update on the residential solar loan ABS sector, including a 2021 new issuance forecast, credit and competitive trends across the sector, and a comparison of solar loan ABS platforms.
Credit performance in the residential solar loan ABS sector has shown resilience through the COVID-19 pandemic and appears likely to remain stable in 2021. Originations continue to rise as issuers are becoming more competitive in their product offerings. In addition, the industry may be further buoyed by federal policies from a new administration that has indicated its support of renewable energy.
As a result of positive trends in the sector, KBRA expects residential solar ABS issuance from public transactions to reach over $2 billion in 2021. Other positive drivers include the sector’s favorable credit performance, yield, and positive ESG attributes.
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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) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.
Contacts
Analytical Contacts
Eric Neglia, Managing Director
+1 (646) 731-2456
[email protected]
Melvin Zhou, CFA, Senior Director
+1 (646) 731-2412
[email protected]
Frank Connor, Analyst
+1 (646) 731-2408
[email protected]
Business Development Contact
Ted Burbage, Managing Director
+1 (646) 731-1232
[email protected]
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