KBRA Assigns Preliminary Ratings for Golub Capital Partners Euro CLO 89(M) DAC June 26, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of notes issued by Golub Capital Partners Euro CLO 89(M) DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of middle market corporate loans. Golub Capital Partners Euro CLO 89(M) DAC is managed by GC Investment Management LLC (“GCIM” or the“collateral [...]
KBRA Assigns Preliminary Ratings for RRE 31 Loan Management DAC June 25, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of Notes issued by RRE 31 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 31 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the “collateral manager”). [...]
Berg Finance 2021 DAC Expected to be Repaid on the July Payment Date June 16, 2026 KBRA UK (KBRA) expects to withdraw its ratings on Berg Finance 2021 DAC following the repayment of the notes, after an RIS notification published on 12 June 2026 indicated that the underlying Sirocco loan was repaid in full on the same date. The notes are expected to be repaid on the note payment date of [...]
KBRA Assigns Preliminary Ratings for RRE 30 Loan Management DAC June 16, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of Notes and two of Loan issued by RRE 30 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 30 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” [...]
KBRA Assigns Preliminary Ratings to UK Logistics 2026-2 DAC June 3, 2026 KBRA UK (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of UK Logistics 2026-2 DAC, a CMBS single-borrower transaction. The collateral for the transaction is a £648.8 million limited recourse, first lien mortgage loan originated by Barclays Bank PLC in June 2026. The floating-rate loan has an initial two-year term [...]
KBRA Releases Research – Coming of Age: The Evolution of European Middle Market CLOs May 27, 2026 KBRA releases research that examines the evolution of European middle market collateralised loan obligations (CLO) and the role they may play in the financing, distribution, and management of private credit portfolios across Europe as the market matures. Key Takeaways The European middle market CLO sector remains at an early stage of development, with only a [...]
KBRA Assigns Preliminary Ratings for RRE 29 Loan Management DAC May 20, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of notes issued by RRE 29 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 29 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the“collateral manager”). The [...]
KBRA Assigns Preliminary Ratings to Bletchley Park Funding 2026-1 PLC May 12, 2026 KBRA UK (KBRA) assigns preliminary ratings to six classes of notes issued by Bletchley Park Funding 2026-1 PLC, a static UK RMBS securitisation backed by a portfolio of first-ranking buy-to-let (BTL) mortgage loans secured on residential properties in England, Wales, and Northern Ireland. The aggregate balance of the provisional portfolio is £286.0 million as of [...]
KBRA Assigns Preliminary Ratings to GS Mortgage-Backed Securities Trust 2026-IRRP1 DAC May 5, 2026 KBRA Europe (KBRA) assigns preliminary ratings to six classes of notes to be issued by GS Mortgage-Backed Securities Trust 2026-IRRP1 DAC, a static RMBS securitisation collateralised by predominantly reperforming mortgage loans. As of 31 March 2026, the underlying collateral is a €459.7 million portfolio consisting of €451.2 million seasoned first lien performing and reperforming mortgages [...]
KBRA Releases Research – The Forward Look—European and UK Credit Views: Q2 2026 May 1, 2026 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 examines how [...]