Kroll Bond Rating Agency (KBRA) releases research that examines the impact of the new coronavirus (COVID-19) on the investment funds sector.
Although KBRA’s outlook for the global investment fund sector remains stable, we expect that some asset managers and strategies will experience stress due to this prolonged economic slowdown. The performance of each investment fund will clearly delineate the strength of asset managers and their ability to accurately underwrite investments, optimize asset allocation, and where relevant, construct a transaction structure that minimizes risks to fund lenders. Additionally, when an investment fund utilizes leverage, there are multiple transactional and structural features that serve as mitigants to the potential impact of this market volatility.
KBRA will continue to actively monitor all of its outstanding ratings and remains in constant dialogue with issuers and market participants.
Click here to view the report.
- Investment Fund Debt Global Rating Methodology
- Investment Funds Global Rating Methodology
- Environmental, Social and Governance Considerations: Funds
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.
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