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Press release content from Business Wire. The AP news staff was not involved in its creation.

KBRA UK Releases Research – Supportive Environment for Restructured Loans in Ireland

September 27, 2021 GMT

LONDON--(BUSINESS WIRE)--Sep 27, 2021--

Kroll Bond Rating Agency UK Limited (KBRA) releases research on restructured loan portfolio performance in Ireland, which is expected to remain positive with a supportive environment for restructured borrowers. Many restructured loans remain outstanding in Ireland, with borrowers maintaining payments and keeping to the adjusted terms of the loan. KBRA has been active in rating portfolios of restructured loans in European securitisation markets.

Key Takeaways

  • Kept rates—a measure of the borrower meeting the terms of a restructured loan—play a vital role in evaluating the performance of restructured loan pools over traditional metrics.
  • Split mortgages and arrears capitalisation remain the dominant choices among many methods of loan restructurings in Ireland.
  • Restructured portfolios in Ireland are facing a supportive environment for borrowers to maintain payments.
    • Average rental rates are higher than typical borrowing rates.
    • House price rises have removed many borrowers from negative equity.

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Click here to view the report.

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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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210927005496/en/

CONTACT: ContactsGordon Kerr, Head of European Research

+44 20 8148 1020

gordon.kerr@kbra.comKali Sirugudi, Senior Director

+44 20 8148 1050

kali.sirugudi@kbra.comGianfranco Di Paolo, Senior Analyst

+353 1 588 1205

gianfranco.dipaolo@kbra.comBusiness Development ContactMauricio Noe, Co-Head of Europe

+44 20 8148 1010

mauricio.noe@kbra.comMiten Amin, Managing Director

+44 20 8148 1002

miten.amin@kbra.com

KEYWORD: NORTH AMERICA UNITED STATES IRELAND UNITED KINGDOM EUROPE NEW YORK

INDUSTRY KEYWORD: BANKING OTHER PROFESSIONAL SERVICES PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2021.

PUB: 09/27/2021 08:57 AM/DISC: 09/27/2021 08:57 AM

http://www.businesswire.com/news/home/20210927005496/en