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