News by subject: Bond/Stock Rating

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aaa" (Exceptional) of the members of Government Employees Group (GEICO) (Chevy Chase, MD). AM Best also has...

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "bbb+" (Good) of Blue Cross and Blue Shield of Vermont...

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of Junto Resseguros S.A. (Junto Re) and Junto Seguros...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect...

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 Dubai National Insurance & Reinsurance P.S.C. (DNI) (United Arab Emirates). The outlook of these Credit...

KBRA assigns preliminary ratings to six classes of mortgage-backed notes from OBX 2023-NQM10 Trust (OBX 2023-NQM10), a $389.5 million non-prime RMBS transaction. The underlying collateral, comprising 770 residential mortgages, is characterized by a...

KBRA assigns a rating of BBB to Blue Owl Credit Income Corp.'s ("OCIC" or "the company") $550 million 7.750% senior unsecured notes due January 15, 2029. The rating Outlook is Stable. The proceeds will be used for general corporate purposes,...

MGT Insurance, a tech-enabled risk solutions platform focused on the commercial property and casualty (P&C) market, today announced its momentum in the insurance sector, marked by consistent profitability, strong growth, and an A- rating from AM...

KBRA is pleased to announce the assignment of preliminary ratings to 33 classes of BANK5 2023-5YR4, a $744.1 million CMBS conduit transaction collateralized by 27 commercial mortgage loans secured by 63 properties. The collateral properties are...

KBRA assigns preliminary ratings to seven classes of notes issued by Auxilior Term Funding 2023-1, LLC (Auxilior 2023-1) and equipment ABS transaction. Auxilior 2023-1 represents Auxilior Capital Partners, Inc.'s (Auxilior or the Company) first...

Westinghouse Electric Company announced upgraded credit ratings from Moody's Investors Service and Fitch Ratings and revised Positive Outlook from S&P Global. The credit agencies cited Westinghouse's strong competitive position, growing book of...

AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) to CM Select Insurance Company (CM Select) (Merrill, WI), which is under new ownership. The outlook...

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a+" (Excellent) of Farmers New World Life Insurance Company (FNWL) (Bellevue, WA). At the same time, AM Best has...

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 main rated insurance subsidiaries of Zurich Insurance Group Ltd. At the same time, AM Best...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Eni Insurance Designated Activity Company (EID) (Ireland), a captive of Eni S.p.A. (Eni), a multinational energy company...

AM Best has revised the outlook to positive from stable for the Financial Strength Rating (FSR) and to positive from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the FSR of B++ (Good) and the Long-Term ICR "bbb+"...

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

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of MS Amlin Insurance SE (MS AISE) (Belgium). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect...

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Petrolimex Insurance Corporation (PJICO) (Vietnam). Additionally, AM Best has assigned the Vietnam National Scale Rating (NSR)...

KBRA assigns a long-term rating of A+ to the State of Louisiana Economic Damages Revenue Bonds [LA 1/LA 415 Connector Project] (TIFIA), with a final maturity of September 1, 2033, and at the same time affirms the long-term rating of A+ for parity...

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) of the members of Clear Blue Insurance...

KBRA assigns preliminary ratings to two classes of notes issued by Santander Drive Auto Receivables Trust 2023-S1 ("SDART 2023-S1"), a re-securitization of the certificates from the Santander Drive Auto Receivables Trust 2020-4 auto loan ABS...

KBRA assigns an A- insurance financial strength rating (IFSR) to AeBe ISA Ltd (AeBe), a Class E licensed Bermuda-based reinsurer that has GAAP total assets of approximately $4.4 billion as of June 30, 2023. The Outlook for the rating is Stable. AeBe...

KBRA assigns a rating of BBB to FS KKR Capital Corp.'s ("FSK" or "the company") $400 million 7.875% senior unsecured notes due 2029. The rating Outlook is Stable. The proceeds will be used for general corporate purposes, including the repayment of...

Park-Ohio Holdings Corp. announced today that Moody's Investors Service, Inc. ("Moody's") has upgraded the ratings of ParkOhio Industries, Inc. ("ParkOhio"), including the Corporate Family Rating ("CFR") to B2 from B3, and the Senior Unsecured...

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

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" (Excellent) of Castle Harbour Insurance Limited (Castle Harbour) and Harrington Sound Insurance Limited (Harrington). These companies...

KBRA releases its 2024 Structured Credit Sector Outlook, which discusses structured credit issuance and themes for transactions and leveraged loans in 2023, as well as tailwinds and headwinds for issuance and performance next year. The structured...

AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Triple-S Propiedad, Inc. (TSP) (Guaynabo, PR). This Credit Rating action follows...

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a" (Excellent) of Restoration Risk Retention Group, Inc. (RRRG) (Burlington, VT). The outlook of the FSR is stable,...

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a+" (Excellent) of China Reinsurance (Group) Corporation (China Re) (China) and its subsidiaries. The outlook of...

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 Standard Insurance Company (Portland, OR) and its affiliate, The Standard Life Insurance Company...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Nacional de Reaseguros, S.A. (Nacional) (Spain). The outlook of these Credit Ratings (ratings) is stable. The ratings...

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Global Protection Reinsurance Ltd. (GPR) (Barbados). The outlook of these Credit Ratings (ratings) is stable. The ratings...

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "bbb+" (Good) from "a-" (Excellent) of Lincoln Benefit Life Company (LBL) (headquartered in...

KBRA assigns preliminary ratings to 27 classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2023-10 (JPMMT 2023-10). The pool comprises 424 first-lien, fixed rate residential mortgage loans with an aggregate principal balance...

AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) of Sutton Specialty Insurance Company (SSIC) and Sutton National Insurance Company...

AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to "bbb" (Good) from "bbb-" (Good) of Gulf Insurance Limited (Gulf) (Trinidad and Tobago). The outlook of these Credit Ratings...

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of Primerica Life Insurance Company (Nashville, TN) and its affiliates, National Benefit Life Insurance...

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/health subsidiaries of Delphi Financial Group, Inc. (DFG) (Wilmington, DE): Reliance...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Transmonde Services Insurance Company Limited (Transmonde) (Hamilton, Bermuda). The outlook of these Credit Ratings...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of The American Road Insurance Company (TARIC) (Dearborn, MI). The outlook of these Credit Ratings (ratings) is stable....

KBRA UK (KBRA) assigns preliminary ratings to Motor Securities 2023-1 DAC (Motor 2023-1), a £822.6 million synthetic securitisation of United Kingdom prime auto secured by conditional sale (CS) and personal contract purchase (PCP) agreements (the...

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Wayne Cooperative Insurance Company (Wayne Cooperative) (Clyde, NY)....

KBRA assigns a BBB Insurance Financial Strength Rating (IFSR) to Orange Insurance Exchange. The Outlook for the rating is Stable. Orange Insurance Exchange ("Orange") is a new Florida domestic reciprocal property and casualty insurance company...

KBRA assigns preliminary ratings to 62 classes from Connecticut Avenue Securities, Series 2023-R08 (CAS 2023-R08), a credit risk sharing transaction with a total note offering of $573,483,000. The pool is characterized by loans with original...

KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K161 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-161. FREMF 2023-K161...

KBRA assigns a rating of BBB to Blue Owl Capital Corporation II's ("OBDC II" or "the company") $350 million 8.45% senior unsecured notes due November 15, 2026. The rating Outlook is Positive. The proceeds will be used to redeem $350 million of the...

AM Best has commented that the Credit Rating (ratings) of James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR] (Bermuda) and its subsidiaries remain unchanged at this time following the announcement that its board of directors will explore...

KBRA assigns preliminary ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2023-4 and Research-Driven Pagaya Motor Trust 2023-4 ("RPM 2023-4"), an auto loan ABS transaction. RPM 2023-4 has initial credit enhancement...