KBRA is pleased to announce that it will partner with fintech firm T-REX to further build its data infrastructure that supports the growth of private credit ABS. The multiyear collaboration will leverage T-REX’s technology to enhance KBRA processes used to conduct its surveillance as well as create comprehensive deal reports and research. This innovative partnership will result in improved efficiencies, streamlined workflows, and more powerful data, freeing analysts to focus on their core mission of providing well-informed, timely credit ratings.
“Securitizations done in the private credit market may help to facilitate liquidity in the marketplace and potentially benefit investors who may be able to better influence transaction features to meet their needs relative to public and 144A deals”
The partnership with T-REX is especially well timed, as KBRA anticipates continued growth in private capital, and expects its role in the structured finance market to increase. In 2022, private credit deals represented a larger portion of the overall ABS market, a trend that has continued through the first half of this year.
Latest Fintech News: 60 Percent of Consumers Turn to Fintech Apps Before Accountants as Digital Adoption Soars
“We are excited to collaborate with T-REX as a trusted partner to improve the efficacy of our internal processes at KBRA,” said Eric Thompson, Global Head of Structured Finance at KBRA.
KBRA believes the growing trend towards the use of private credit in ABS is a positive for the market. “Securitizations done in the private credit market may help to facilitate liquidity in the marketplace and potentially benefit investors who may be able to better influence transaction features to meet their needs relative to public and 144A deals,” Thompson said.
Latest Fintech News: Tetra Launches New Custody API Solution, Enabling Enhanced Data Access and Automation for Customers
KBRA’s technology partner, T-REX, provides advanced software and managed data services for asset-backed finance and complex structured finance, and is uniquely positioned with private credit capabilities.
“Data fragmentation is a real challenge for investors, lenders, and borrowers alike, as they look to participate in the unprecedented growth of private credit. With T-REX’s next gen technology, we will bring the same level of sophistication and robustness enjoyed in other asset classes to KBRA’s leading private credit ratings business,” said Benjamin Cohen, CEO of T-REX.
Latest Fintech News: Financial Advisors Report 40 Percent of Their Clients Were Forced to Retire, Edward Jones Survey Finds
[To share your insights with us, please write to sghosh@martechseries.com]
