Kroll rates first European CMBS transaction

CMBS office
By Asad Ali
10 Dec 2018

Salus European Loan Conduit No. 33 DAC, a £367m single asset CMBS, was priced last Friday with marks from Kroll Bond Rating Agency. It is the first European CMBS deal to be rated by the agency since it opened its European operation in 2017.

The deal follows the approval of Kroll’s methodology a few months ago. The rating agency has one dedicated CMBS analyst in Dublin and is supported by a CMBS team in New York.

As well as assigning ratings on three public European securitization deals in 2018, Kroll is also involved ...

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