Doug Kilcommons

Douglas J. Kilcommons is a Managing Director in the Public Finance team at Kroll Bond Rating Agency (KBRA). He is responsible for assigning and maintaining debt ratings on municipal issuers including tax-supported state and local government credits, as well as revenue-supported credits including transportation/project finance, higher education and health care. Doug also serves as rating Chair for Public Finance Credit Committee and is actively involved in methodology development and refinement.

Prior to joining KBRA, Doug served as a Senior Credit Officer and Executive Loan Committee member at First Republic Bank. In this role, Doug was responsible for approving loans to nonprofits, including educational and cultural institutions and social service providers. He also partnered closely with business bankers to tailor solutions to the unique needs of nonprofits and participated actively in the firm’s targeted client calling effort. In April 2020, Doug was asked to manage the credit process for the U.S. Small Business Administration’s Paycheck Protection Program (PPP) loans and served as senior credit approver on several complex PPP bankruptcies and loan workouts. Doug also mentored business banking support analysts at First Republic, notably on accounting for tax-exempt organizations and on underwriting fundamentals. 

Previously, Doug held senior positions at Wells Fargo Bank, most recently as National Credit team manager for the Education/Nonprofit Banking team. In this role, he was responsible for extending credit to college, university, and nonprofit clients, monitored a $6.9 billion portfolio of loan commitments, and managed a team of portfolio managers. He also held senior positions at Moody’s Investor Service, where he headed the Public Finance Local Government Surveillance team, and at Fitch Ratings, where he was managing director of the Education/Nonprofit and Tax-Exempt Housing sectors. While at Wells Fargo, Moody’s and Fitch, Doug refined analytic policies and practices, authored risk acceptance criteria and rating methodologies, and oversaw development and implementation of credit monitoring and surveillance systems. Doug also held positions at Radian Asset Assurance, Neuberger Berman, and Barclays. He began his career as a municipal analyst at Standard & Poor’s, focusing on enterprise credits, including higher education, health care, and transportation.

Doug holds a B.S. in financial management from the State University of New York at Binghamton and an MBA in investment management from Pace University.