KBRA’s private credit research is featured in AIMA - The Alternative Investment Management Association’s Financing the Economy 2026 report, highlighting our insights into middle market credit performance, the evolving lending landscape, and the potential impact of AI disruption. Drawing on KBRA’s Private Credit research and Middle Market Compendium, the report incorporates our analysis of borrower performance, credit trends, and emerging risks. Explore the AIMA report here aima.org/compass/insights/pr… and discover more private credit insights from KBRA at kbra.com/private-credit #KBRA #PrivateCredit #MiddleMarket #CreditTrends

As data center and digital infrastructure financing grows in scale and complexity, strong governance is becoming increasingly important. Andrew Giudici, KBRA’s Global Head of Corporate, Project, and Infrastructure Finance, shares his expertise in a recent BNY report exploring the evolving financing landscape and the challenges facing market participants. Read the full BNY report, bny.com/corporate/global/en/… and explore more insights from KBRA at kbra.com #KBRA #AI #DigitalInfrastructure #DataCenters

How is fund finance distribution evolving? Join KBRA's Peter Connolly on 4 November at the FFA Asia-Pacific Fund Finance Symposium for the Too Big To Slice? - CFOs, Securitisation & the Evolution of Fund Finance Distribution panel. Learn more: fundfinanceassociation.com/e…

Private credit is evolving, bringing underwriting, risk differentiation, and market dynamics into focus. KBRA heads to Amsterdam for Informa’s SuperReturn Europe, 3-6 Nov., to join the conversation on what comes next. informaconnect.com/superretu…

What is shaping the evolution of the CRE CLO market? Christina Moy of KBRA will join the Structure, Innovation & Risk Retention panel at IMN’s CRE CLOs in New York on Nov. 3 to share the rating agency perspective. informaconnect.com/imn-cre-c…

Following KBRA's decision to revise the Outlook on Ireland's AA rating to Positive earlier this month, Ken Egan, Head of European Sovereign Credit at KBRA, spoke to Kathleen Gallagher at the Business Post about the country's improved credit profile. “Ireland still runs a headline surplus and extremely low debt relative to other peer economies, it has a huge amount of liquid assets, and the cost of debt is relatively stable"..."If Ireland had to increase supply the market wouldn’t have any issue absorbing that supply based on the liquidity that we see and the demand components,” explained Egan. Ireland's solid fundamentals meant it paid less than Germany on short-term bonds in September. As reported by The Business Post, "Ireland’s two-year bonds were yielding 2.89 per cent while Germany’s were 2.96 per cent. The Irish five-year bond was 3.06 per cent versus 3.08 per cent." - Read the full article in the Business Post: bit.ly/4elk2Ru - View KBRA’s latest Ireland Surveillance Report: bit.ly/47rQEFz #BondMarkets #Ireland #CreditRatings #Eurozone

Beyond direct lending, where are the opportunities in private credit? Join KBRA’s Shane Olaleye on October 29 at LPGP Connect Private Debt Los Angeles for the Beyond Direct Lending: The Spectrum of Opportunities in Private Credit panel. lpgpconnect.com/event/3rd-an…

Fannie Mae’s revised forecast that mortgage rates will remain near 7.5% through 2027 points to continued weakness in the U.S. housing market and a prolonged drag on economic growth. Elevated borrowing costs are expected to constrain housing turnover and mortgage originations, with broader implications for housing-related businesses and sectors. Listen to the latest episode of 3 Things in Credit for insights into housing pressures, the resilience of large-bank credit quality, and the financing demands of AI infrastructure: podcasts.apple.com/us/podcas… #KBRAPodcasts #3ThingsinCredit #MortgageRates #EconomicGrowth #AIInfrastructure

Join KBRA’s sector experts on Thursday, 29 October at 15:00 BST/10:00 a.m. ET for a webinar introducing our new dedicated Subscription Facility Global Rating Methodology. During the session, KBRA’s Funds team will provide an overview of the methodology, including the quantitative rating determinants and qualitative factors that underpin our credit analysis of subscription facilities. Learn more and register: go.kbra.com/2026-10-29KBRAsS…

KBRA's Thomas Speller joined the Regulatory, Structuring and Lender Landscape panel at the FFA Paris Event, discussing key considerations shaping the evolving fund finance market.

Ken Egan Senior Director of Sovereigns at KBRA, was featured in @CNBC 's main online story today on the market reaction to events in France. The article covers how the recent social unrest on the streets of Paris and the country’s political uncertainty is spilling over into French government bonds and other assets. “The question markets will be asking is how easily France can actually make progress from here,” said Egan. Despite the challenging backdrop, Egan noted auctions last week showed there remains “still very solid underlying demand for French debt.” Amid the uncertainty, the French 10-year bond yield jumped more than 10 basis points today, remaining near its highest level in decades. Meanwhile, “the euro weakened and the CAC 40 fell, while the premium on French debt over German Bunds remained near levels last seen during the euro-area debt crisis,” as reported by CNBC. - Read the story in CNBC here - cnb.cx/4zHhsh2 #OATs #France #SovereignCredit #BondMarkets

What is next for European commercial real estate finance? KBRA is sponsoring the CREFC Europe Autumn Conference in London on 3 November, joining the industry-wide conversation on the forces moving markets and shaping capital and lending trends. members.crefceurope.org/even…

Europe’s growth outlook is proving more resilient than previously expected, with the IMF upgrading its 2026 forecasts for Germany and the UK even as France continues to lag. Persistent inflation, elevated borrowing costs, and limited fiscal flexibility complicate the recovery, reinforcing the importance of credit differentiation across countries and issuers. Listen to the latest episode of Credit Compass for more on the IMF’s outlook, EU-–China trade developments, European corporate demand, and the implications for credit markets: podcasts.apple.com/us/podcas… #KBRAPodcasts #CreditCompass #Europe #IMF #Inflation

CLO issuance regained momentum over the summer despite ongoing macroeconomic uncertainty—but what is driving activity across the structured credit market? In its latest Structured Credit Trend Watch, KBRA examines U.S. CLO issuance trends, expanding European private credit CLO activity, and evolving market conditions. Combined U.S. BSL and MM CLO issuance exceeded $113 billion through August 2026. Explore the full report for KBRA's insights on CLO issuance, spread trends, credit performance, and rating activity: kbra.com/publications/KtPyqz… #PrivateCredit #StructuredCredit #CLO #CLOIssuance #EuropeanCLO

KBRA is sponsoring the American Bankers Association Annual Convention in Salt Lake City, Oct. 25-27. We look forward to connecting with banking leaders and contributing to conversations shaping the industry. aba.com/training-events/conf…

KBRA released its Subscription Facility Global Rating Methodology, establishing a dedicated framework for assigning and surveilling ratings on Subscription Facilities. The methodology provides greater transparency into KBRA’s assessment of key credit factors, including LP base quality and diversification, structural protections, and LP funding incentives. Read the full methodology: kbra.com/publications/ZpJwCB… #KBRA #Funds #creditratings #creditanalysis

How does an aviation ABS come together from origination to closing? Michael Lepri, Senior Director, Commercial ABS at KBRA, will explore the process on the Inside an Aviation ABS: From Origination to Closing panel at Ishka Airfinance’s Aviation Investival: North America on Oct. 20. newyork2026.ishkaairfinance.…

KBRA’s Senior Director of European Sovereign Credit, Ken Egan sat down with Euronews to discuss how European bond markets are reacting to French fiscal stress, sticky inflation, and ECB rate hikes. As reported by Euronews: “France is the centre of the stress in the Eurozone bond markets, but the pressure is spreading.” For Egan, the move "looks like a mix, and it is difficult to separate exactly how much of the move is France-specific. A lot of the broader rise in yields reflects the energy shock and expectations for tighter ECB policy, but France clearly carries an additional fiscal and political premium." Speaking on whether these developments could trigger a Eurozone recession, Egan said, "if higher energy costs continue to feed through while market yields and financing costs are already restrictive, the casualty may increasingly be weaker demand and growth." - Read the full interview in Euronews here: euronews.com/2026/10/09/are-… #Eurozone #BondMarkets #SovereignRisk #France

The airline sector takes center stage in New York. Join KBRA’s Boris Alishayev at Airline Economics, 21-22 October, for the Airline Rating panel and a discussion of the credit landscape across aviation. Learn more: growthfrontiersevents.com/co…

KBRA Senior Managing Director Peter Giacone will speak at the ACLI Annual Conference 2026, October 14-16 in Orlando, on the Direct Lending Trends and Opportunities panel. Learn more: events.acli.com/event/Annual…