2025 Sector Outlooks
Our sector outlooks discuss performance themes and key trends from 2024 as well as forecasts and expectations for the year ahead. Our reports are now available in HTML format, allowing for mobile friendly viewing and browser combability.
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2025 European Project Finance and Infrastructure Sector Outlook: Resilient Amid Headwinds
The 2025 European project finance and infrastructure (PF&I) Sector Outlook report examines themes that will likely take centre stage in 2025 as well as developments and ratings trends from 2024.
2025 European Structured Finance Sector Outlook: Keep Calm and Carry On
This report highlights performance trends, new issuance forecasts, and sector-specific commentary for the year ahead, as well as examines rating trends from 2024.
2025 ABS Sector Outlook: Riding the Wave—Supply
to Surge in 2025 While
Credit Settles
This report discusses our expectations for new issue supply in 2025 and provides our views on credit fundamentals among each of the major sectors where KBRA is most active. We also discuss year-to-date KBRA-rating trends and metrics, take a closer look at 2024 ratings activity, and provide our expectations for 2025, including factors that may affect credit performance.
2025 CMBS Sector Outlook:
Twin Peaks?
This report highlights our 2025 new issuance forecast, trends among the five major property types including demand and supply, and factors that may affect property performance next year. We also discuss year-to-date KBRA-rated CMBS conduit trends and metrics, take a closer look at 2024 ratings activity, and provide our rating expectations for 2025.
2025 Structured Credit Sector Outlook: Favorable Currents for Sustained Flow
This report discusses structured credit issuance and themes for transactions and leveraged loans in 2024, as well as tailwinds and headwinds for issuance and performance next year.
2025 RMBS Sector Outlook: Growth on the Horizon
This report provides market and performance themes as of year-to-date 2024, as well as issuance volume trends and forecasts for 2025, collateral performance trends, and rating surveillance outcomes. In addition, we cover the RMBS 2.0 spread environment at pricing as well as other themes to watch in 2025.