Kroll Bond Rating Agency (KBRA) announced today its expansion into Europe with the opening of its European Headquarters in Dublin. The move is expected to create 100 new jobs over the next three years.
The full service credit rating agency was established in 2010 to restore trust in credit ratings following the financial crisis.
The agency has over 275 employees and offices across the United States located in New York, Pennsylvania and Maryland, KBRA has published over 8,000 ratings totaling $740 billion. The firm covers all markets including Structured Finance, Aviation, Public Finance, Financial Guaranty, Financial Institutions, Project Finance, Insurance and Corporates.
KBRA is expanding into Europe to provide investors and all market participants an additional view on ratings and analysis. KBRA expects all major geographies in Europe to benefit from this approach, including Ireland where it hopes to become the pre-eminent agency.
Welcoming the announcement, An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald TD said, "I'm delighted that KBRA has chosen Dublin for its international HQ. The Government has been making strenuous efforts to ensure that we have the right conditions in place here to attract the knowledge based sectors, and announcements like this one today are a proof of these efforts. I'm confident that you will find the skills you require from our thriving Financial Services Sector and I look forward to a mutually beneficial relationship in the coming years."
Source: www.businessworld.ie