KBRA Publishes Report on the Potential Impact of Hurricane Harvey on ABS and Project Finance Ratings

NEW YORK--(BUSINESS WIRE)-- Kroll Bond Rating Agency (KBRA) published a special report on the potential impact of Hurricane Harvey on ABS and project finance ratings. Hurricane Harvey struck the Gulf coast of Texas on August 26, 2017 and has caused significant flooding throughout the Houston region and parts of Louisiana. Flooding has yet to recede, but it is still too early to determine the full impact the storm will have on residents and businesses. The impact will take several months and perhaps years to unfold.

KBRA has initiated its review to assess the potential impact of this storm on the outstanding ratings of asset-backed securities (ABS) and project finance transactions rated by KBRA. KBRA will continue to be diligent as it monitors the potential impact of Hurricane Harvey as it pertains to KBRA-rated transactions. However, KBRA’s primary concern is the well-being of those affected by this tragedy.

To view the report, click here.

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About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

View source version on businesswire.com: http://www.businesswire.com/news/home/20170831005951/en/

Analytical:

Rosemary Kelley, (646) 731-2337

Senior Managing Director

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or

Anthony Nocera, (646) 731-2350

Senior Managing Director

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or

Andrew Giudici, (646) 731-2372

Managing Director

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or

Charlene Davis, (646) 731-2439

Director

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Source: Kroll Bond Rating Agency