KBRA Gives Preliminary Ratings to Adams Outdoor’s 2026‑1 Senior Secured Notes, Signaling Continued Confidence in Billboard‑Backed Securitizations
Kroll Bond Rating Agency (KBRA) has released its first set of ratings for a new tranche of asset‑backed securities issued by Adams Outdoor Advertising Limited Partnership. The Series 2026‑1 notes—split into Class A‑2, Class B and Class C senior secured tranches—receive preliminary ratings that reflect the agency’s assessment of the underlying collateral and the existing credit enhancements built into…
