KBRA Releases Research – CMBS Loss Compendium Update: June 2021

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases the June 2021 issue of KBRA CMBS Loss Compendium, which provides base loss estimates for all KBRA-rated conduit transactions.

In this report and its accompanying spreadsheet, we provide insight into loss estimates for all 279 KBRA-rated conduit transactions, 120 of which have been reviewed since the December 2020 edition of this publication. The compendium uses the following two metrics to present the loss figures: KBRA Lifetime Base Loss (KLBL), which represents our loss estimate for each transaction during its lifetime as a percent of its original balance; and KBRA Future Base Loss (KFBL), which represents potential future losses as a percent of outstanding deal balance as of the most recent rating action date.

As of June 2021, the average KLBL and average KFBL for the entire population are 5.0% and 5.4%, respectively, which increased from 4.5% and 4.9%, respectively, in December 2020.

Click here to view the report.

Related Publications

• KBRA CMBS Loss Compendium: June 2021 Spreadsheet
• KBRA CMBS Loss Compendium: December 2020
• KBRA CMBS Loss Compendium Spreadsheet: December 2020
• CMBS Loan Performance Trends: June 2021
• CMBS Trend Watch: June 2021

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.

Contacts

Neel Munot, Associate Director

+1 (646) 731-1215

neel.munot@kbra.com

Roy Chun, Senior Managing Director

+1 (646) 731-2376

roy.chun@kbra.com

Nitin Bhasin, CFA, Senior Managing Director

+1 (646) 731-2334

nitin.bhasin@kbra.com

Investor Relations Contact

Caitlin Colvin, Managing Director

+1 (646) 731-2465

caitlin.colvin@kbra.com