Fiber ABS: Enterprise Fiber Takes Industry Beyond FTTP’s Last Mile

KBRA has rated over $14 billion¹ in issuance from 11 issuers since the market’s inaugural fiber ABS transaction in 2020. While early transactions were dominated by providers of fiber-to-the-premises (FTTP), enterprise fiber providers have increasingly emerged as issuers of ABS. In this report, we compare and contrast FTTP and enterprise fiber, adding to our research in this sector (see Riding the Light: U.S. ABS Fiber Optic Securitizations).

Key Takeaways