Kroll Bond Rating Agency (KBRA) announced a new company partnership between the KBRA management team, the Kroll family and a current shareholder and investor, Wharf Street, LLC. The new partnership is effective immediately.
This new alliance provides permanent capital for KBRA to continue to grow as a market leader and trusted rating agency. The additional capital will allow KBRA to develop other sectors beyond its pioneering work in the Structured Finance, Public Finance and Financial Institution areas. Most notably the firm looks to continue to accelerate its growth within the Corporate Finance markets as well as expand internationally.
Jules Kroll, CEO of Kroll Bond Rating Agency, commented “Since KBRA’s launch 5 years ago in August of 2010 the firm has grown significantly, publishing over 600 ratings with over $400 billion of issuance. This recapitalization of the business will allow the firm to continue to grow as a global rating agency.”
“KBRA, which is known for its thorough research and due diligence will continue to expand these efforts along with providing the transparency, innovation and responsiveness that investors have come to rely on,” added Jim Nadler, President and COO.
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).
Source: Benzinga.com
