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

KBRA Releases Research – Residential Solar Lease and PPA ABS: Sector Overview

May 21, 2021 GMT

NEW YORK--(BUSINESS WIRE)--May 21, 2021--

Kroll Bond Rating Agency (KBRA) releases an overview of the residential solar lease and power purchase agreement (PPA) ABS sector, and examines the growth of the sector, characteristics of residential solar leases and PPAs, issuer profile and transaction comparisons, and KBRA’s rating activity in the sector.

The residential solar lease and PPA ABS sector has shown resilience through the pandemic. The performance of KBRA-rated transactions has been relatively stable with no negative rating actions taken as a result of the pandemic to date. Residential solar lease and PPA ABS issuance in 2020 exceeded the prior year, with public and 144A securitization volume reaching $914 million. There has been one published residential solar lease and PPA ABS transaction issued in 2021.

Click here to view the report.

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About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210521005348/en/

CONTACT: Analytical ContactsUsman Khan, Director

+1 (646) 731-2488

usman.khan@kbra.comCecil Smart Jr., Senior Managing Director

+1 (646) 731-2381

cecil.smart@kbra.comBusiness Development ContactTed Burbage, Managing Director

+1 (646) 731-1232

tburbage@kbra.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE ALTERNATIVE ENERGY ENERGY FINANCE CONSTRUCTION & PROPERTY BANKING

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2021.

PUB: 05/21/2021 10:47 AM/DISC: 05/21/2021 10:47 AM

http://www.businesswire.com/news/home/20210521005348/en