Kroll Bond Rating Agency (KBRA) has published a comment on the effect of hurricanes Harvey and Irma upon the bond insurers. KBRA sees no rating impact on the bond insurers it rates from the effects of Harvey and Irma. Natural disasters have not led to increasing defaults in the past although they can contribute to financial strain and downgrades. Nonetheless, it remains to be seen how deep and long lasting the impact will be given the scope and severity of these events.
To access the full report, please click on the link below:
The Bond Insurers’ Exposure to Harvey and Irma
If you have any difficulties accessing the report, please contact [email protected] or visit www.kbra.com