News by subject: Bond/Stock Rating

AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating of "a" (Excellent) and the Mexico National Scale Rating of "aaa.MX" (Exceptional) of Grupo Nacional Provincial S.A.B. (GNP) (Mexico City, Mexico)....

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Pacífico Compañía de Seguros y Reaseguros S.A. (PCS) (Lima, Perú). The outlook of these Credit Ratings (ratings) is...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" (Excellent) of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook...

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of "a+" (Excellent) of Fontana Reinsurance Ltd. (Fontana Re). At the same time, AM Best has affirmed the FSR of A...

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb+" (Good) of Arab War Risks Insurance Syndicate (AWRIS) (Bahrain). The outlook of these Credit Ratings (ratings) is stable. The ratings...

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Qianhai Reinsurance Co., Ltd. (QHR) (China). The outlook of these Credit Ratings (ratings) is stable. The ratings...

KBRA publishes the long-term credit rating of A- assigned to Helios Underwriting plc's 9.5% fixed rate USD 75 million Series A Senior Unsecured Notes due December 15, 2030. The Outlook for the rating is Stable. On November 14, 2023, KBRA initially...

AM Best has assigned a Preliminary Credit Assessment (PCA) to Federal Life Insurance Company (Fed Life) (Riverwoods, IL) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of "a-" pca (Excellent). The...

KBRA assigns preliminary ratings to six classes of mortgage pass-through notes from GCAT 2023-NQM4 Trust, a $290.4 million non-prime RMBS transaction. The underlying collateral, comprising 520 residential mortgages, is characterized by a significant...

AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to "bbb+" (Good) from "a-" (Excellent) of RAM Mutual Insurance Company (RAM) (Esko, MN). Concurrently, AM Best has placed...

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Relyens Mutual Insurance (Relyens) (France). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM...

AM Best has withdrawn the Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of "a-" (Excellent) of Aetna Insurance Company Limited (AICL) (United Kingdom). At the time of the withdrawal, the outlook of the Credit Ratings...

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term ICR of "a-" (Excellent) of Definity Insurance Company (Definity Insurance). Concurrently, AM Best has revised the...

KBRA assigns preliminary ratings to four classes of notes issued by Blue Bridge Funding 2023-1 LLC (Blue Bridge 2023-1) an equipment ABS transaction. Blue Bridge 2023-1 represents Blue Bridge Financial, Inc.'s (Blue Bridge or the Company) first ABS...

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of "a+" (Excellent) of Lancashire Insurance Company...

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Columbia Lloyds Insurance Company and MDOW Insurance Company, which...

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb+" (Fair) of Provident Insurance Corporation Limited (PICL) (New Zealand). The outlook of these Credit Ratings (ratings) is positive. The...

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. ("Amex GBT" or the "Company"), the world's leading B2B travel platform, today announced that it has received an upgrade from S&P Global Ratings ("S&P")...

KBRA assigns a BBB- Insurance Financial Strength Rating (IFSR) to Alpha International Life Assurance Company (Guernsey) Ltd. (AILAC). The Outlook for the rating is Stable. AILAC is a general account life insurance company, licensed by the Guernsey...

KBRA assigns preliminary ratings to three classes of notes issued by Momnt Technologies Trust 2023-1 ("Momnt 2023-1"), an asset-backed securitization collateralized by a pool of home improvement loans. This transaction represents Momnt Technologies...

KBRA assigns preliminary ratings to four series of notes issued by APL Finance 2023-1 Designated Activity Company and APL Finance 2023-1 LLC (together, Ashland 2023-1), an aviation loan ABS transaction. Ashland 2023-1 represents the inaugural...

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a+" (Excellent) of The Lincoln National Life Insurance Company and its wholly owned subsidiary, Lincoln Life &...

KBRA assigns a long-term rating of A, with a Stable Outlook to the City of Chicago ? Chicago Midway Airport Senior Lien Airport Revenue and Revenue Refunding Bonds, Series 2023A (AMT); Senior Lien Airport Revenue Refunding Bonds, Series 2023B...

AM Best has revised the outlook to positive from stable and affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb-" (Good) and the Mexico National Scale Rating (NSR) of "aa-.MX" (Superior) of Grupo Aserta S.A.P.I. de C.V. (GA)....

KBRA assigns a preliminary rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC. The Notes are indirectly backed by limited partnership (LP) interests in five different White Rose Funds of Funds (the "White Rose Funds"), which in...

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of "a-" (Excellent) and the Mexico National Scale Rating (NSR) of "aaa.MX" (Exceptional) of...

AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of "a-" (Excellent) and the Mexico National Scale Rating (NSR) of "aaa.MX" (Exceptional) of General de Seguros, S.A. (Genseg) (Mexico City,...

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" (Excellent) of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries. Concurrently,...

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 (HK) Company Limited [CTPI(HK)] (Hong Kong). The outlook of these Credit Ratings (ratings) is...

AM Best has assigned a Financial Strength Rating (FSR) of A+ (Superior) and a Long-Term Issuer Credit Rating (Long-Term ICR) of "aa-" (Superior) to RGA Life and Annuity Insurance Company (RLAC) (Chesterfield, MO). The outlook assigned to these Credit...

KBRA releases its third-quarter 2023 U.S. Credit Union Compendium, providing the latest view of the U.S. credit union (CU) sector, analysis of 3Q23 results for KBRA-rated U.S. CUs, and expectations for next year. KBRA's inaugural Credit Union...

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 the property/casualty (P/C) members of Houston Casualty Group. The lead P/C members are...

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a-" (Excellent) of the operating subsidiaries of The Fortegra Group, Inc. (Fortegra) (headquartered in...

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of "aa+" (Superior) of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company (both...

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of "a" (Excellent) of Korean Reinsurance Company...

AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to "a+" (Excellent) from "aa-" (Superior) of the members of Nationwide Property & Casualty Group...

AM Best has affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "b+" (Marginal) of Genworth Life Insurance Company (GLIC) (Wilmington, DE) and Genworth Life Insurance Company of...

AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "b" (Marginal) from "bbb-" (Good) of United Heritage Property & Casualty Company (UHPC) (Meridian,...

Installed Building Products, Inc. (the "Company" or "IBP") , an industry-leading installer of insulation and complementary building products, today announced that Moody's Investors Service, Inc. ("Moody's") has upgraded IBP's corporate family rating...

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "a+" (Excellent) from "a-" (Excellent) of American Memorial Life Insurance Company (AMLIC) (Rapid...

AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Ratings to "bb" (Fair) from "bbb-" (Good) of Health Alliance Medical Plans, Inc. and its wholly owned subsidiary, Health Alliance-Midwest,...

KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3, and also assigns a preferred stock rating of BB for Banc of California, Inc. . Additionally, KBRA affirms the deposit...

KBRA assigns a long-term rating of AA+ with a Stable Outlook to the State of Connecticut: General Obligation Bonds (2024 Series A); General Obligation Bonds (2024 Series B) (Social Bonds); and, General Obligation Refunding Bonds (2024 Series C)...

AM Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of "a" (Excellent) of Insurance Company of the...

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of "bbb+" (Good) to the recently issued $400 million 6% senior unsecured notes, due December 2033 of Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada). The outlook...

KBRA assigns preliminary ratings to four classes of mortgage-backed notes from FIGRE Trust 2023-HE3 (FIGRE 2023-HE3), a $195.8 million RMBS transaction, sponsored by Figure Lending LLC (Figure), comprising first lien (5.8%), second lien (90.7%), and...

KBRA announces the assignment of preliminary ratings to three classes of NJ 2023-GSP, a CMBS single-borrower securitization. The collateral for the transaction is a $425.0 million portion of a $525.0 million non-recourse, first lien mortgage loan...

KBRA assigns preliminary ratings to seven class of mortgage-backed notes from Brean Asset Backed Securities Trust 2023-RM7 (BABS 2023-RM7). The pool comprises 301 fixed rate proprietary reverse mortgage loans with an aggregate principal balance of...

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Continental Reinsurance Plc (CRe) (Nigeria). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect...

AM Best has upgraded the Long-Term Issuer Credit Rating to "a+" (Excellent) from "a" (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Stellar Insurance, Ltd. (Stellar) (Bermuda), an indirect wholly owned subsidiary of the...