Kroll Bond Rating Agency, Inc. (“KBRA”) has obtained the status described below with respect to each of the following regulatory authorities:
U.S. Securities and Exchange Commission (“SEC”)
KBRA became registered with the SEC on February 11, 2008. For further information, please refer to KBRA’s Form NRSRO, which is available at www.krollbondratings.com/regulatory.
European Securities and Markets Authority (“ESMA”)
KBRA was certified by ESMA effective March 20, 2013. As a certified CRA, credit ratings issued by KBRA can be used for regulatory purposes according to EU legislation. KBRA was certified following the European Commission’s recognition of the equivalence of the U.S. legal and supervisory framework to the requirements of the EU’s Credit Rating Agency (“CRA”) Regulation in October 2012. For further information, please refer to ESMA’s Public Statement 2013/336 dated March 20, 2013 at https://www.esma.europa.eu/system/files_force/library/2015/11/2013-336_0.pdf.
Kroll Bond Rating Agency Europe Limited was registered by ESMA effective November 13, 2017 in accordance with Regulation (EC) No. 1060/2009 of the European Parliament and of the Council of September 16, 2009 on credit rating agencies (as amended). https://www.esma.europa.eu/sites/default/files/library/esma71-99-650_kroll_bond_rating_agency_europe_limited_registration_0.pdf
U.S. Department of Labor (“DOL”)
KBRA is a “Rating Agency” as defined in the Notice published by the DOL in the Federal Register (78 FR 41090, July 9, 2013) (the “Notice”), which contains an exemption issued by the DOL from certain of the prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 and/or the Internal Revenue Code of 1986.
For further information, please refer to the Notice at
National Association of Insurance Commissioners (“NAIC”)
KBRA was added to the NAIC Credit Rating Provider (“CRP”) List, beginning with the July 1, 2012 publication of the Purposes and Procedures Manual of the NAIC Securities Valuation Office. For further information on the NAIC’s use of credit ratings, please refer to www.naic.org.