NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has released a Coronavirus (COVID-19) Cross Sector Update, entitled Fed/Treasury Partnership Goes Big, But Far Enough? The report discusses KBRA’s view on the impact on recent bold policy measures to confront COVID-19 risks on the economy. In the report, KBRA discusses the challenge of executing the myriad of support programs and the uncertain threat that continues to define the impact of the virus, which together provide a decidedly negative backdrop to credit. Ultimately, KBRA believes that economic recovery will only happen when the public becomes confident that the health crisis has been brought under control. In addition, we remain concerned that consumer and business behavior may be altered in significant ways which may temper the economic rebound and trigger a reset to a new, less dynamic normal in the immediate post-crisis months.
Click here to view the report.
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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 Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.
Van Hesser, Senior Managing Director & Chief Credit Strategist
+1 (646) 731-2305
Joan Feldbaum-Vidra, Managing Director, Sovereigns
+1 (646) 731-2362
William Cox, Senior Managing Director & Global Head of Corporate, Financial and Government Ratings
+1 (646) 731-2472
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Kate Kennedy, Senior Managing Director
+1 (646) 731-2419