Kroll Bond Rating Agency, Inc. (“KBRA”) is a US full service credit rating agency operating under the issuer-pays model.

Registration status in the EU: KBRA is certified as CRA with ESMA since March 20th, 2013.

Since 1. January 2014, KBRA is also a recognized ECAI across the whole European Union. 

On November 1st, 2016, the following mapping of ECAI ratings to the 6 Credit Quality Steps under the Standardized approach for Banks (Capital Requirements Regulation, CRR) and the 7 Steps under Solvency II for insurances in the EU entered into force:

 

Note that additional rating scales may have been mapped. To view all mappings, login with your account and read the “RP Research” on this agency. To see how this agency’s mapping compares with other agencies, please read our dedicated page on the EU ECAIs.

Registration status outside of the EU: KBRA is a NRSRO in the US and recognized Credit Rating Provider by the US NAIC.

Business model: KBRA operates under the issuer-pays model.

Coverage: KBRA is active in all markets in the US and has published methodologies for all asset classes.

Availability of ratings and reports at website: you will need to create an user account to view more information at KBRA’s website.