Kroll Bond Rating Agency (KBRA) releases a comment on Sterling Bancorp, Inc., following the voluntary suspension of its key AHO lending program.
Sterling Bancorp (NASDAQ: SBT) filed an 8-K revealing voluntary and temporary suspension of its Advantage Home Ownership loan program (AHO) in connection with an ongoing review of the loan program’s procedures and governing documentation.
To access the comment, click here.
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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) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
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