Kroll Bond Rating Agency is making a push into Europe.
The company has hired Mauricio Noe, a veteran of Freshfields, ABN AMRO and Deutsche Bank veteran Noé, to lead the effort, which will initially focus on structured finance.
KBRA has been certified by the European Securities Markets Authority since March 2013 and is the process of establishing a regulated European subsidiary. In the meantime, it continues to conduct a significant amount of business in Europe, predominantly for European clients issuing securities into the U.S. market, notably in the private placement, project finance, and aircraft space.
“KBRA is pleased to welcome Mauricio as an addition to our experienced team,” said James Nadler, President and COO of KBRA. “We look forward to leveraging and utilizing Mauricio’s expertise as KBRA expands our ratings practice globally and continues to be a leader in the ratings market.”
KBRA is a relative newcomer among credit rating agencies; it was established in 2010. To date, it has published over 6,200 ratings on over 800 transactions totaling approximately $500 billion in issuance across the structured finance, public finance, financial guaranty, financial institutions, project finance, and corporate sectors.