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sd-10-EFTA01356767Dept. of Justice

EFTA Document EFTA01356767

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KBRA • One of 10 Nationally Recognized Statistical Rating Organizations (NRSROs) and one of only 5 fully licensed in all rating categories • Navarro purchased KBRA in 2015. Since acquisition the company has expanded its areas of ratings and increased revenue 30% • Has issued 9,000+ ratings to date, rating over $775BN in bond issuance • Currently expanding internationally into Europe and Canada • 2017 Revenue of $93MM and EBITDA of $13MM, no debt Wharf RE • Opportunistic real estat

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Dept. of Justice
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sd-10-EFTA01356767
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