Trepp Enhanced to Include Third Party Loss Scenarios

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Trepp announced its modeling tools have been expanded to include loss scenarios from the Kroll Bond Ratings Agency (KBRA) and Morningstar, Inc.

Integrating loss projection data from Kroll and Morningstar into Trepp products removes another step from dual users’ cashflow analysis method while providing them with the best data in one place.

Trepp, LLC, the leading provider of information, analytics, and technology to the CMBS, commercial real estate, and banking markets, today announced its modeling tools have been expanded to include loss scenarios from the Kroll Bond Ratings Agency (KBRA) and Morningstar Credit Ratings, LLC. The additional loss projection data is now available in TreppAnalytics and TreppTrade.

Authorized clients will now be able to access KBRA and Morningstar loss model override scenarios directly in Trepp products for use in conjunction with loan-, group-, and deal-level assumptions. Access to third party overrides will streamline users’ analysis by consolidating their credit analysis to a single platform, eliminating the need to download and import existing third-party scenarios.

“Our goal is to ensure clients are maximizing efficiency by conducting more strategic analysis and spending less time on process,” said Steve Baumgartner, head of product management at Trepp. “Integrating loss projection data from Kroll and Morningstar into Trepp products removes another step from dual users’ cashflow analysis method while providing them with the best data in one place.”

KBRA is providing three loss scenarios to their clients through Trepp: Concluded, Conservative, and Optimistic. The scenarios can be edited or shared among KBRA clients. Joint users will also have access to loan-level KBRA Credit Profile Analysis data, which will further their credit risk analysis. All Trepp clients will be able to see which loans have been identified as loans of concern by KBRA (K-LOC).

Morningstar Credit Ratings is providing their base DealView scenario to their clients through Trepp. Dual users will also have access to loan-level data points from Morningstar to support their credit risk analysis. All Trepp clients will be able to see which loans have been identified as High Risk Loans (HRL) by Morningstar.

These enhancements come one year after Trepp integrated research reports from KBRA and Morningstar across Trepp’s CMBS products. The new loan loss projection data will supplement user-created assumptions, as well as those provided by Moody’s Analytics and CoStar.

About Trepp
Trepp, LLC, founded in 1979, is the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency and investment performance. Trepp serves its clients with products and services to support trading, research, risk management, surveillance and portfolio management. Trepp is wholly-owned by dmg b2b, a division of the Daily Mail and General Trust (DMGT).

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Joe McBride
Trepp
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