Doug Kilcommons

Doug Kilcommons

Managing Director

KBRA

Douglas J. Kilcommons is a Managing Director at KBRA. As head of the U.S. Public Finance team, Doug is responsible for the integrity and timeliness of a portfolio of municipal issuers, including tax-supported state and local government credits and revenue-supported credits in the higher education, not-for-profit health care, and transportation sectors. He also serves as Chair of Rating Committee, is actively involved in methodology development and refinement, and frequently represents KBRA at various industry events.

Prior to joining KBRA, Doug served as a senior credit officer and member of the Executive Loan Committee at First Republic Bank. He has also held senior positions at Wells Fargo Bank, where he served as National Credit team manager for the Education/Nonprofit Banking team; Moody’s Investor Service, where he was head of the Public Finance Local Government Surveillance team; and Fitch Ratings, where he was head of the Education/Nonprofit and Tax Exempt Housing Sectors. During his time 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. He also held positions at Radian Asset Assurance, Neuberger Berman, and Barclays. Doug 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.

Past Sessions

Wednesday, October 14, 2026
2:30 pm

A high-level look at the trends, challenges, and opportunities shaping California public finance, from infrastructure and credit to policy, investment, and market dynamics.

California’s public finance market continues to evolve amid shifting economic conditions, infrastructure demands, federal policy changes, climate resilience challenges. This high-level industry overview brings together key leaders and stakeholders to examine the forces shaping the future of municipal finance in the nation’s largest state economy. Panelists will discuss market trends, credit conditions, capital planning priorities, financing innovation, and the opportunities and risks that will define the next chapter of California public finance. Attendees will gain a broad perspective on where the industry stands today and what leaders should be watching as they prepare for 2026 and beyond.

Monday, November 3, 2025
4:05 pm
CPE Eligible

What does the shifts in the municipal investor base, from the explosive growth of separately managed accounts and exchange-traded funds to alternative investors coming into the space, mean for the mutual fund complex, the sell-side deal strategy and the municipal market overall?