KBRA Assigns Preliminary Ratings to Aran Funding 2025-1 DAC KBRA Europe (KBRA) assigns preliminary ratings to six classes of notes to be issued by Aran Funding 2025-1 DAC (Aran 2025-1), a static RMBS securitisation collateralised by predominantly reperforming mortgage loans. As of 31 May 2025, the underlying collateral is a €423.4 million portfolio consisting of seasoned first lien mortgages secured by owner-occupied (95.6%) and [...]
KBRA Releases Research – Oil and Inflation: Implications for European Corporates KBRA releases research that examines how Europe’s reduced sensitivity to oil price volatility is a positive development for the credit outlook of European energy companies. As outlined in a recent KBRA research report, this reduced inflationary pass-through bodes well for economic stability, which underpins the credit health of many borrowers. KBRA has observed downward pressures [...]
KBRA Releases Research – The Forward Look—European and UK Credit Views: Q4 2025 KBRA releases the latest quarterly report highlighting our European Macro Strategist Gordon Kerr’s view on key economic indicators, as well as what he identifies as the most influential factors driving credit markets in the upcoming quarter. The report also examines credit market valuations in the context of current and future market conditions. KBRA expects key [...]
KBRA Assigns Preliminary Ratings to Clavel Residential 4 DAC October 10, 2025 KBRA Europe (KBRA) assigns preliminary ratings to six classes of notes to be issued by Clavel Residential 4 DAC (Clavel 4), a static RMBS securitisation collateralised by mortgage participations and mortgage transfer certificates (together, Mortgage Certificates). These Mortgage Certificates represent the economic rights to receive principal and revenue payments from corresponding Spanish residential mortgage loans. [...]