KBRA Releases Research – Coronavirus (COVID-19): Retail Sales Stabilize but Rising Cases Temper Outlook

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NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases research commenting on the recent recovery in retail sales data.

Caribbean News Global KBRA_Logo_Business_Wire KBRA Releases Research – Coronavirus (COVID-19): Retail Sales Stabilize but Rising Cases Temper Outlook

Retail sales activity rebounded in May and June with the reopening of nonessential commercial businesses that had been shuttered to control the spread of the coronavirus (COVID-19). But with confirmed daily cases again trending upward in much of the country as of mid-July, some states have already moved to pause or reverse reopening plans.

KBRA continues to monitor the implications of these developments and believes that significant further volatility may lie ahead for retail sales activity.

Click here to view the report.

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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 is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.

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Contacts

Analytical Contacts

Peter Scherer, Associate

+1 (646) 731-2325

pscherer@kbra.com

Linda Vanderperre, Senior Director

+1 (646) 731-2482

lvanderperre@kbra.com

Karen Daly, Senior Managing Director

+1 (646) 731-2347

kdaly@kbra.com

Business Development Contacts

Bill Baneky, Managing Director

+1 (646) 731-2409

bbaneky@kbra.com

James Kissane, Senior Director

+1 (203) 806-0026

jkissane@kbra.com