Welcome, market participants! This report is a companion to KBRA’s weekly 3 Things in Credit podcast, where our Chief Strategist, Van Hesser, highlights three Things impacting credit markets that we think you should know about. After every four episodes (that’s 12 Things total), we compile the podcast transcripts into a single report—so you can catch up on anything you missed, all in one place. Look for our podcast every Friday, and let us know what you think. You can find all our research, podcasts, and announcements for upcoming webinars on KBRA.com.
This issue’s 12 Things are:
Uncertainty returns. That improved visibility we enjoyed in 2H 2025 has diminished.
Leveraged finance trends. Several market markers have turned…
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KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.