KBRA Releases Surveillance Report for Private National Mortgage Acceptance Company, LLC

Rhea-AI Summary

KBRA affirms BBB- issuer rating for PNMAC, a subsidiary of PFSI

Positive

• Stable Outlook for the rating

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- On August 18, 2023, KBRA affirmed the issuer rating of BBB- for Private National Mortgage Acceptance Company, LLC (PNMAC). The Outlook for the rating is Stable. PNMAC is a principal subsidiary of publicly traded PennyMac Financial Services, Inc. (NYSE: PFSI).

To access rating and relevant documents, click here.

Click here to view the report.

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230908411471/en/

Shannon Servaes, CFA, CPA, Managing Director

+1 301-969-3247 shannon.servaes@kbra.com

Ian Jaffe, Senior Managing Director

+1 646-731-3302 ian.jaffe@kbra.com

Business Development



Justin Fuller, Senior Director

+1 312-680-4163 justin.fuller@kbra.com

Source: KBRA