Kroll Bond Rating Agency, Inc. (KBRA) became a nationally recognized statistical rating organization (NRSRO) through the acquisition of LACE Financial Corporation (LACE Financial) in August 2010. LACE Financial was established in 1984 to offer products derived from research on the determinants of the financial soundness of commercial banks. The LACE name was derived from four identified determinants of financial strength:
(L)iquidity, (A)sset quality, (C)apital and (E)arnings.
Ratings services were offered primarily on a subscription basis. As the company grew, it expanded coverage by issuing ratings on savings & loans, bank holding companies, credit unions and foreign institutions. Over the years, the firm acquired a reputation for issuing fair and unbiased financial strength ratings.
KBRA is a full services credit rating agency with offices in New York, New York and Mt. Airy, Maryland.
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