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KBRA Releases Research – Coronavirus (COVID-19): Twin Peaks: State-Level Unemployment During Two Crises

Kroll Bond Rating Agency (KBRA) releases commentary on state-level unemployment data in April 2020 compared with respective peaks experienced during the Great Recession.

In KBRA’s view, the data reveal wide differences in the timing and magnitude of unemployment levels on the state level. In some instances, we observed impacts that are significantly different from what a particular state experienced during the Great Recession. Given the depth, breadth, and velocity of the current economic crisis, these relative comparisons are subject to change.

There will be more data and analysis in the coming days, but so far, it appears that the pandemic and related economic dislocations will have divergent impact on states relative to their prior experiences.

Click here to view the report.

About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200604005730/en/

Contacts

Analytical
Cindy Wu, Senior Director
+1 (646) 731-2304
cwu@kbra.com

William Cox, Global Head of Corporate, Financial, and Government Ratings
+1 (646) 731-2472
wcox@kbra.com

Business Development
William Baneky, Managing Director
+1 (646) 731-2409
bbaneky@kbra.com

James Kissane, Senior Director
+1 (213) 806-0026
jkissane@kbra.com