-

KBRA Recognized as Qualified Rating Agency by Taiwan’s FSC

NEW YORK--(BUSINESS WIRE)--KBRA has been recognized by Taiwan’s Financial Supervisory Commission (FSC) as a “qualified external rating agency” for the determination of ratings-based capital adequacy and risk weightings for use by local securities firms, according to a final ruling on April 11, 2023.

A KBRA rating of BBB- or above would qualify bonds or credit derivative products held by Taiwanese securities firms as investment grade for the purpose of calculating risk weightings. The latest announcement follows similar FSC rulings on February 3 and February 16 that recognize the use of KBRA’s ratings when calculating local banks’ and insurance companies’ capital adequacy requirements related to their debt holdings, respectively.

The final ruling means that the FSC now recognizes all KBRA ratings for use in capital adequacy calculations related to all banking, insurance, and securities industries in Taiwan.

“We are excited to be accepted by the FSC for use in capital adequacy requirements in Taiwan,” said Jim Nadler, CEO of KBRA. “We look forward to providing all market participants around the world with an unparalleled view on ratings driven by KBRA’s best-in-class analysis and research.”

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Contacts

Adam Tempkin, Director of Communications
+1 (646) 731-1347
adam.tempkin@kbra.com

Industry:

KBRA

Details
Headquarters: New York City, New York
CEO: Jim Nadler
Employees: 400+
Organization: PRI
Release Versions
English
Hashtags
#KBRA
#creditratingagency

Contacts

Adam Tempkin, Director of Communications
+1 (646) 731-1347
adam.tempkin@kbra.com

More News From KBRA

KBRA Releases Research – European Fibre ABS: From Build-out to Securitisation

LONDON--(BUSINESS WIRE)--KBRA releases research examining how European fibre assets may fit within an ABS framework. The US fibre ABS market provides the clearest securitisation reference point, while European fibre financings offer useful context on operating performance and contractual revenue models. As of May 2026, KBRA had rated approximately $29.9 billion of US fibre ABS and rated or assessed EUR23.9 billion equivalent of global fibre infrastructure and project finance debt, including EUR...

KBRA Assigns AA+ Rating to State of Illinois, Build Illinois Bonds (Sales Tax Revenue), Junior Obligation Series A and B of June 2026; Affirms Parity Debt; Stable Outlook

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA+ with a Stable Outlook to the State of Illinois (the "State"), Build Illinois Bonds (Sales Tax Revenue Bonds), Junior Obligation Series A and B of June 2026 (the "Junior Bonds"). KBRA additionally affirms the long-term rating of AA+ with a Stable Outlook for the State's outstanding parity Junior Obligation Build Illinois Bonds. Key Credit Considerations The rating actions were because of the following key credit considerations: Cr...

KBRA Comments on Lawsuit Filed by Pagaya Against Klarna

NEW YORK--(BUSINESS WIRE)--On May 13, 2026, Pagaya Technologies Ltd. (“Pagaya”), together with certain affiliates, filed a lawsuit against Klarna, Inc. (“Klarna”) and Klarna Group plc in the U.S. District Court for the District of Delaware. The lawsuit relates to alleged misappropriation of intellectual property and trade secrets under the Defend Trade Secrets Act of 2016. KBRA maintains ratings on two revolving ABS transactions backed by “buy now, pay later”, point-of-sale consumer loans that...
Back to Newsroom