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

KBRA Releases Research on Top 10 KBRA-Rated RMBS Exposure to Hurricane Ida

August 31, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Aug 31, 2021--

Kroll Bond Rating Agency (KBRA) releases a report on KBRA-rated residential mortgage-backed security (RMBS) exposure to Hurricane Ida, which made landfall near Port Fourchon, Louisiana, as a Category 4 storm over the weekend on August 29.

While Ida’s effects are still evolving, KBRA endeavored to identify the potential exposure of our rated RMBS universe. KBRA’s analysis generally assumed that the most heavily affected regions from the storm are areas throughout the state of Louisiana. The report describes the overall exposure to these areas, lists the 10 deals with highest exposure by current balance, and maps property concentration for the most exposed deals.

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/20210831005829/en/

CONTACT: Ashish Sharda, Senior Director

+1 (646) 731-2415

ashish.sharda@kbra.comJack Kahan, Senior Managing Director

+1 (646) 731-2486

jack.kahan@kbra.comBusiness Development ContactDaniel Stallone, Director

+1 (646) 731-1308

daniel.stallone@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2021.

PUB: 08/31/2021 12:12 PM/DISC: 08/31/2021 12:12 PM

http://www.businesswire.com/news/home/20210831005829/en