KBRA Releases a Recap of the SFVegas 2020 Conference

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases a recap of the SFVegas 2020 conference held in Las Vegas on February 23-26. The main takeaways were:

  • The overall tone of the conference was optimistic, despite plunging equity prices and falling yields throughout the three-day event, due to fears over the coronavirus.
  • Some of the general themes across all securitized asset classes included the expectation for robust new issue supply during the first half of the year, as issuers capitalize on the current low yield and tight spread environment. However, uncertainty over November’s presidential election has tempered supply expectations in second half of 2020.
  • Another consequence of the low yield and tight spread environment is that many of the investors we spoke with have been forced to move down the capital stack and into more esoteric corners of the market in order to meet their yield targets.

To read the report, click here.

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

Analytical:
Brian Ford, CFA, Structured Finance Research

+1 (646) 731-2329

bford@kbra.com

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