News by subject: Bond/Stock Rating

KBRA is assigning preliminary ratings to the Series 2025-1 Class A-2 Notes, Class B Notes, and Class C Notes (the Series 2025-1 Notes) from ALLO Issuer, LLC, (the Issuer), a communications infrastructure securitization. ALLO 2025-1 represents ALLO...

AM Best's Dawn Walker appears as a guest in an episode of the Insurance Uncut podcast, which highlights leading issues impacting the insurance industry, to discuss the state of the delegated underwriting authority enterprise (DUAE) segment and the...

KBRA assigns preliminary ratings to 8 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2025-NQM2 (NRMLT 2025-NQM2), a $325.7 million non-prime RMBS transaction sponsored by Rithm Capital Corp. (formerly New Residential...

KBRA UK (KBRA) assigns preliminary ratings to six classes of refinancing notes issued by RRE 8 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE...

KBRA UK (KBRA) assigns preliminary ratings to six classes of refinancing notes issued by RRE 9 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE...

KBRA UK (KBRA) assigns preliminary ratings to six classes of refinancing notes issued by RRE 7 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE...

KBRA assigns preliminary ratings to 9 classes of mortgage-backed certificates from J.P. Morgan Mortgage Trust 2025-NQM1 (JPMMT 2025-NQM1). JPMMT 2025-NQM1 is an RMBS transaction sponsored by JPMorgan Chase Bank, National Association and includes a...

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to IQUW Re Bermuda Limited (IQUW Re) (Bermuda). IQUW Re is a wholly owned subsidiary of IQUW Holdings Bermuda Limited (IQUW),...

KBRA Europe (KBRA) assigns preliminary ratings to six classes of notes to be issued by Kinbane 2025-RPL 1 DAC (Kinbane 2025-1), a static RMBS securitisation collateralised by predominantly reperforming Irish mortgage loans. As of 30 November 2024,...

KBRA assigns preliminary ratings to four classes of debt issued by the reset of VCP RRL ABS II, LLC (VCP-II-R), a securitization backed by a portfolio of recurring revenue and middle market corporate loans. VCP-II-R is an approximate $550.0 million...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable....

KBRA assigns a long-term rating of AA+ to the County of Buncombe, NC Refunding Limited Obligation Bonds, Series 2025. KBRA additionally affirms the long-term ratings of AAA for the County's outstanding General Obligation Bonds and AA+ for the...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM) (Macau). The outlook of these Credit Ratings (ratings) is stable....

AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of "a-" (Excellent) and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of PVI Insurance Corporation (PVI Insurance). The outlook...

KBRA assigns a preferred stock rating of BBB to BW Real Estate, Inc. (BW Real Estate), a majority-owned REIT subsidiary of Western Alliance Bank ("the bank"), the principal operating subsidiary of Western Alliance Bancorporation . Beyond the assigned...

AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a+" (Excellent) of the members of The Doctors Company Insurance Group (TDC Group) (Napa, CA) are unchanged...

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of "bbb+" (Good) to Cadence Indemnity Inc. (Cadence) (Galveston, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings...

KBRA has assigned a long-term rating of A+, with a Stable Outlook, to Colorado Statewide Bridge and Tunnel Enterprise Senior Infrastructure Revenue Bonds, Series 2025A. Key Credit Considerations The rating was assigned because of the following key...

KBRA releases its European Auto ABS Indices: February 2025, providing monthly credit trends across securitised auto loans and leases. Click here to view the report. About KBRA KBRA, one of the major credit rating agencies, is registered in the...

KBRA announces the assignment of preliminary ratings to seven classes of BX 2025-SPOT, a CMBS single-borrower securitization. The collateral for the transaction is a $1.3 billion floating rate, interest-only mortgage loan. The loan is expected to...

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb+" (Fair) of Middle East Insurance Company Plc (MEICO) (Jordan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect...

KBRA assigns preliminary ratings to six classes of mortgage-backed notes from OBX 2025-HE1 Trust. OBX 2025-HE1 Trust is the first RMBS transaction issued by Onslow Bay Financial LLC (Onslow Bay) as seller/sponsor consisting of first lien (0.5%) and...

KBRA assigns a long-term rating of AA to the State of Louisiana General Obligation Bonds, Series 2025-B and affirms the long-term rating of AA for the State's outstanding General Obligation Bonds. The rating Outlook is Stable. Key Credit...

Torc, a pioneer in commercializing self-driving class 8 trucks, today announced its collaboration with Flex , a world-class provider of automotive-grade compute platforms, and NVIDIA to develop a scalable physical AI compute system for autonomous...

KBRA assigns preliminary ratings to nine classes of mortgage-backed notes from J.P. Morgan Mortgage Trust (JPMMT 2025-CES2). J.P. Morgan Mortgage Trust 2025-CES2 (JPMMT 2025-CES2) is a $345.9 million RMBS transaction sponsored by JPMorgan Chase...

KBRA assigns preliminary ratings to 8 classes of Certificates from EFMT 2025-CES2, a $290.2 million RMBS transaction, as of the cut-off date, sponsored by EFMT Sponsor LLC and consists of 3,582 newly originated closed-end second lien mortgages (CES;...

KBRA, a global full-service credit rating agency, announces the relocation of its Dublin office, marking a significant milestone in the company's continued growth. As KBRA's hub for the European Union, Dublin plays a central role in the firm's...

KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of Benchmark 2025-V14, a $939.2 million CMBS conduit transaction collateralized by 35 commercial mortgage loans secured by 61 properties. The collateral properties are...

KBRA assigns a long-term rating of AAA with a Stable Outlook to the Dormitory Authority of the State of New York (DASNY) State Personal Income Tax Revenue Bonds (General Purpose) Series 2025A (Tax-Exempt) and State Personal Income Tax Revenue Bonds...

KBRA assigns preliminary ratings to 20 classes of mortgage-backed notes from RCKT Mortgage Trust 2025-CES3 (RCKT 2025-CES3). RCKT Mortgage Trust 2025-CES3 (RCKT 2025-CES3) is a $392.9 million RMBS transaction, as of the cut-off date, sponsored by...

KBRA assigns preliminary ratings to five classes of notes issued by GreenSky Home Improvement Issuer Trust 2025-1 ("GSKY 2025-1"), an asset-backed securitization collateralized by a pool of consumer loans used for home improvements. GSKY 2025-1...

KBRA assigns preliminary ratings to 8 classes of mortgage-backed certificates from Morgan Stanley Residential Mortgage Loan Trust 2025-NQM2 (MSRM 2025-NQM2), a $410.0 million non-prime RMBS transaction. The underlying collateral, comprising of 1,007...

AM Best has downgraded the Financial Strength Rating to D (Poor) from C- (Weak) and the Long-Term Issuer Credit Rating to "c" (Poor) from "cc" (Very Weak) of Casualty Underwriters Insurance Company (CUIC) (Salt Lake City, UT). The outlook of these...

KBRA UK (KBRA) assigns preliminary ratings to six classes of notes and one of loan issued by RRE 25 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans....

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bb" (Fair) of National Security Fire and Casualty Company (NSFC)....

In the March issue, Best's Review looks at how insurers are solidifying their relationships with independent agents. The article titled, "Technology, Communication Are Front and Center as Insurers Vie for Independent Agents' Business," highlights...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Energas Insurance (L) Limited (ENERGAS) (Malaysia). The outlook of these Credit Ratings (ratings) is negative. The...

Kinetik Holdings Inc. ("Kinetik") announced today that its subsidiary, Kinetik Holdings LP (the "Issuer"), intends to offer, subject to market and other conditions, $250 million aggregate principal amount of 6.625% sustainability-linked senior notes...

KBRA is pleased to announce the assignment of preliminary ratings to 13 classes of BMO 2025-5C9, a $681.7 million CMBS conduit transaction collateralized by 31 commercial mortgage loans secured by 54 properties. The collateral properties are located...

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "aa" (Superior) of the life insurance subsidiaries of Western & Southern Financial Group, Inc. (WSFG). The WSFG...

AM Best has commented that the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of the primary life insurance subsidiaries of Protective Life Corporation (headquartered in...

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa+" (Superior) of Berkshire Hathaway Homestate Insurance Company (Omaha, NE) and its five property/casualty...

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) of Finial Reinsurance Company (Finial Re) (Stamford, CT), an indirect subsidiary of Berkshire Hathaway...

KBRA assigns preliminary ratings to 62 classes of mortgage backed notes from PMT Loan Trust 2025-INV3 (PMTLT 2025-INV3), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage...

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of "aa-" (Superior) of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life...

On March 11, 2025, Bar Harbor, ME-based Bar Harbor Bankshares ("Bar Harbor"), parent company of Bar Harbor Bank & Trust, and Woodsville, NH-based Guaranty Bancorp, Inc. ("Guaranty"), parent company of Woodsville Guaranty Savings Bank, jointly...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" (Excellent) of ReliaStar Life Insurance Company of New York (Woodbury, NY) and ReliaStar Life Insurance Company (Minneapolis, MN),...

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to "a" (Excellent) from "a-" (Excellent) of Kentucky Associated General Contractors Self Insurers' Fund (KYAGC or the Fund)...

KBRA assigns preliminary ratings to 3 classes of mortgage-backed notes from ACHM Trust 2025-HE1 (ACHM 2025-HE1), a $210.9 million RMBS transaction sponsored by Lendage, LLC, d/b/a Achieve Home Loans (AHL or Achieve Home Loans) and Sutton Funding LLC...

KBRA releases research on collateralized fund obligations (CFO), discussing their typical structure and common credit protections. CFOs are specialized financial vehicles collateralized by the cash flows from a diversified pool of private capital...