In this episode, Gordon Kerr, KBRA’s Head of European Research, examines UK building societies and the increasingly challenging environment they face. Gordon discusses this topic with Asia Drobnik from KBRA’s financial institutions ratings team and Kali Sirugudi from its RMBS team, touching on inflation, house prices, mortgage lending, interest rates, and how well the building societies can cope with rising headwinds. A copy of the full report can be found on kbra.com.

In this episode, Gordon Kerr, KBRA’s Head of European Research, discusses the impact of rising interest rates and affordability of mortgage lending on the Dutch housing market. He is joined by Kali Sirugudi, from KBRA’s residential mortgage-backed securities team. The analysts debate house prices, mortgage lending, interest rates, and the ongoing performance of the Netherlands’ housing market. A copy of the full report can be found on kbra.com.

In this episode, Gordon Kerr, Head of European Research discusses the stabilisation of the European energy market and the impact on corporates, sovereigns, projects and infrastructure. Gordon engages with Karim Nassif from KBRA’s project finance and infrastructure team as well as Ken Egan from KBRA’s sovereign ratings team, in a conversation about how Europe’s energy market is impacting on various areas. Europe is experiencing a period of energy price stability, but as the region transitions to greater energy security and carbon neutrality, risks remain. A copy of the full report can be found on kbra.com.

In this episode, Gordon Kerr, KBRA’s Head of European Research, discusses the marked growth in private credit as highlighted in our recent report on the topic. Gordon is joined by Asia Drobnik and Patricia Cantwell from KBRA’s Financial Institutions team in a lively conversation about how the private credit market has grown to fill a gap left by bank lenders following the global financial crisis. A copy of the full report can be found on kbra.com.

In this episode, Gordon Kerr, Head of European Research discusses solar photovoltaic funding and KBRA’s report on the potential for the use of securitisation to support the green transition. Gordon engages with KBRA’s Emilie Nadler from KBRA’s ESG team as well as Kilian Walsh from the European ABS ratings team in a conversation about how the demand for rooftop solar PVs is growing. As Europe looks to transition to a greater use of renewables, funding will be needed. The US Solar ABS market offers a positive example on how solar expansion can be supported. A copy of the full report can be found on kbra.com.

In this episode, Gordon Kerr, Head of European Research discusses collateralised loan obligation manager styles and KBRA’s report. Gordon engages with KBRA’s Gabriele Gramazio from the structured credit ratings team, in a conversation about European CLO manager styles in their approach to managing pools of leveraged loans. A copy of the full report and subsequent updates; European CLO Manager Style Comparisons as well as the US version, U.S. CLO Manager Style Comparisons can be found on kbra.com.

In this episode, Gordon Kerr, Head of European Research discusses the support offered by the prudent debt management of European sovereigns over the past several years. Gordon engages with KBRA’s Ken Egan, from the sovereign ratings team, in a conversation about the challenging interest rate environment and how European sovereigns are in a positive position to manage through the increases in their yield curves. A copy of the full report European Sovereigns Demonstrate Shrewd Debt Management can be found on kbra.com.

In this episode, Gordon Kerr, Head of European Research discusses the Outlook for European Securitisation in 2023. In the second of a two-part series, Gordon engages with KBRA analysts to cover corporate-oriented collateral in European securitisations. Collateral challenges are expected to be the focus for 2023 as the recessionary environment takes hold and companies face the challenges of a slowdown and increased costs. KBRA analysts, Ken Egan from sovereign ratings, Killian Walsh from European ABS, Stephen Hughes from European CMBS, and Gabriele Gramazio from European CLOs cover the various challenges ahead for European corporate collateral and the impact on securitisation. A copy of the full European 2023 Outlook report can be found on kbra.com.

In this episode, Gordon Kerr, Head of European Research discusses the Outlook for European Securitisation in 2023. In the first of a two-part series, Gordon engages with KBRA analysts to cover consumer-oriented collateral in European securitizations. Collateral challenges are expected to be the focus for 2023 as the recessionary environment takes hold and consumers face increased cost of living. KBRA analysts, Ken Egan from sovereign ratings, Killian Walsh from European ABS, and Kali Sirugudi from European RMBS cover the various challenges ahead for European consumers and their impact on securitization. A copy of the full European 2023 Outlook report can be found on kbra.com.

In this episode, Gordon Kerr, Head of European Research is asked questions by Luigi Griffo from KBRA’s European Investor Relations about the results of a recent survey. Investors in the European Securitisation market were asked their views for issuance and performance in the short to medium term. This is the second KBRA survey in 2022, providing a dynamic picture as views change. The first survey in June 2022 painted a concerning picture as many challenges lay ahead. The environment still presents a difficult future, but the context has changed, as have investors views. Take a listen to some of the interesting views presented. A copy of the full report for December 2022, as well as the June 2022 survey can be found on kbra.com.