MSRB Makes Kroll Bond Ratings Available to the Public through its EMMA Website

Date: September 29, 2014

Contact: Jennifer A. Galloway, Chief Communications Officer 
             (703) 797-6600


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) announced today that its Electronic Municipal Market Access (EMMA®) website now provides free public access to public finance ratings from Kroll Bond Rating Agency (KBRA).

“The MSRB continues to expand the information available on EMMA to help investors make more informed decisions about municipal bonds,” said MSRB Executive Director Lynnette Kelly. “KBRA’s willingness to provide their ratings to investors free of charge through EMMA supports the MSRB’s goal to increase public access to market information.”

Available credit ratings are displayed on the Security Details page for each municipal security on EMMA and integrated into EMMA’s advanced search function and trade data views. Read more about the ratings information available on EMMA.

The MSRB began providing ratings from Fitch Ratings and Standard & Poor’s on EMMA in 2011. KBRA, Fitch and Standard & Poor’s are registered with the Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). The MSRB has invited all NRSROs to make their municipal credit ratings available on EMMA.

The EMMA website is the official repository for information on virtually all municipal securities. EMMA provides free public access to official disclosures, trade data, credit ratings, educational materials and other information about the municipal securities market. 

The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.