NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases its methodology for rating property assess clean energy (PACE) ABS transactions. The methodology addresses residential and commercial PACE assessments that are pari passu with ad valorem real property taxes, and are generally not subject to extinguishment upon sale of the property and are senior to all non-tax liens, including mortgage liens. KBRA notes that the credit analysis of PACE ABS transactions can vary by transaction n
