Esoteric ABS Forum: Sectors in Bloom—KBRA Event Recap

KBRA hosted issuers, investors, bankers, and other market participants in New York on May 19 for its Esoteric ABS Forum, an event focused on key trends shaping several commercial asset-backed securities (ABS) sectors. The forum featured panels on three subsectors across the ABS landscape: Music ABS, Communications Infrastructure ABS, and Whole Business Securitizations (WBS).

The program opened with remarks from Rosemary Kelley, KBRA’s Head of Structured Finance Business Development, and Jack Kahan, KBRA’s Global Head of ABS and RMBS, who framed the discussion around strong issuance supply in these sectors, the continued broadening and maturation of these asset classes, their specific risk drivers, and related areas of focus for credit analysis as newer collateral types and issuers enter the market. Since inception, KBRA has assigned ratings to more than 670 commercial ABS transactions across sectors such as Aviation, Communications Infrastructure Securitization (CIS), Data Center,…