KBRA releases research examining how credit ratings assigned to some private colleges and universities by other rating agencies are too low, based on real-world impairment and default data. The report discusses how their overreliance on certain “vanity metrics” like student selectivity has led to ratings that are detached from the historical default and recovery risks they are supposed to capture.
Click here to view the report.
About KBRA
KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230524005822/en/
Contacts
Douglas J. Kilcommons, Managing Director, U.S. Public Finance
+1 (646) 731-3341
douglas.kilcommons@kbra.com
Muting Wan, Associate, Quantitative Modeling
+1 (646) 731-1248
muting.wan@kbra.com
William Cox, Global Head of Corporate, Financial and Government Ratings
+1 (646) 731-2472
william.cox@kbra.com
Business Development Contacts
William Baneky, Managing Director
+1 (646) 731-2409
william.baneky@kbra.com
James Kissane, Senior Director
+1 (213) 806-0026
james.kissane@kbra.com
