KBRA Added to the Freddie Mac Seller/Servicer Guide for Property Insurers

BY Business Wire | AGENCY | 02/02/23 01:21 PM EST

NEW YORK--(BUSINESS WIRE)-- Kroll Bond Rating Agency, LLC (KBRA) is pleased to announce that Freddie Mac added KBRA to the list of eligible rating providers effective January 1, 2023. Freddie Mac will now accept an insurer with a minimum KBRA Insurance Financial Strength Rating of BBB.

For more information on KBRA Insurance financial ratings visit insurance.kbra.com.

The Freddie Mac bulletin announcing this inclusion may be viewed here.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service global credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. KBRA provides credit ratings to all markets within the insurance industry in addition to other asset classes. KBRA offers an alternative solution by delivering timely, accurate and transparent credit ratings, in-depth research, and analysis as well as the tools necessary to make informed investment decisions. KBRA currently has over 61,000 ratings in its portfolio totaling $3.2 trillion of rated issuance.

Source: Kroll Bond Rating Agency, LLC

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.