News by subject: Bond/Stock Rating

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb+" (Good) of Gar-Bo Försäkring AB (Gar-Bo) (Sweden). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect...

AM Best will sponsor and participate in the Pennsylvania Association of Mutual Insurance Companies' (PAMIC) 2023 Leadership Symposium, which will be held June 21-22, 2023, in Bedford, PA. AM Best Chief Rating Officer Stefan Holzberger will present...

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

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of "bbb+" (Good) to Cowen Reinsurance S.A. (Cowen Re) (Luxembourg). Concurrently, AM Best has placed these Credit Ratings (ratings) under review with...

KBRA assigns preliminary ratings to six classes of mortgage-backed notes from OBX 2023-NQM5 Trust (OBX 2023-NQM5), a $390.3 million non-prime RMBS transaction. The underlying collateral, comprising 830 residential mortgages, is characterized by a...

AM Best has assigned a Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) to Point Excess and Surplus Insurance Company (PESIC). The outlook assigned to these Credit Ratings...

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 West Bend Mutual Insurance Company (West Bend) (West Bend, WI). The...

KBRA assigns preliminary ratings to 12 classes of mortgage-backed notes from RCKT Mortgage Trust 2023-CES1 (RCKT 2023-CES1), a $246.2 million RMBS transaction co-sponsored by Woodward Capital Management LLC and FirstKey Mortgage, LLC. The collateral...

KBRA Credit Profile (KCP), a division of KBRA Analytics, releases its Day 2 recap of the CRE Finance Council (CREFC) June Conference 2023. Day 2 kicked off with the CREFC Legislative & Regulatory Update Forum, where participants discussed ongoing...

KBRA releases a report on its confidence in the U.S.'s AAA credit rating. In contrast to several other credit rating agencies (CRA), KBRA remains confident in our AAA credit rating on the U.S., and we also remained confident in that opinion...

The Change Company CDFI LLC and its subsidiary Change Lending, LLC ("Change") ? America's CDFI ? are pleased to announce that Change has closed its seventh securitization of its proprietary Community Mortgages, and the first such securitization which...

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Reunion Re Compañia de Reaseguros S.A. (Reunion Re) (Argentina). These...

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) of Everspan Indemnity Insurance Company (Scottsdale, AZ) and its affiliates, collectively referred to as...

KBRA announces the assignment of preliminary ratings to five classes of CGCMT 2023-PRM3, a CMBS single-borrower securitization. The collateral for the transaction is a $405.0 million component of a $470.0 million non-recourse, first lien mortgage...

AM Best has commented that the Credit Ratings of BF&M Limited (BF&M) and its insurance subsidiaries, BF&M Life Insurance Company Limited, BF&M General Insurance Company Limited and Island Heritage Insurance Company, Ltd. (Cayman Islands) remain...

AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a-" (Excellent) of Argus Insurance Company Limited (Argus Insurance) and Bermuda...

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "aa" (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan). Concurrently, AM Best has affirmed the...

KBRA affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Norwich, NY-based NBT Bancorp Inc. . In addition, KBRA affirms the deposit and senior unsecured debt ratings of A-,...

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of National Guaranty Insurance Company of Vermont (NGIC) (Burlington, VT). The outlook of these Credit Ratings (ratings)...

KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Michigan City, IN-based Horizon Bancorp, Inc. ("the company"). In addition, KBRA affirms the deposit and senior...

KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Mount Olive, NC-based Southern BancShares ( N.C.), Inc. ("the company"). In addition, KBRA affirms the deposit and...

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb+" (Good) of Insurance Corporation of Barbados Limited (ICBL) (Barbados). The outlook of these Credit Ratings (ratings) is stable. The...

AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a" (Excellent) of Fubon Insurance Co., Ltd. (Fubon Insurance) (Taiwan) remain unchanged following the disclosure of...

KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Chicago, Illinois-based Byline Bancorp, Inc. ("Byline" or "the company"). Additionally, KBRA affirms the deposit and...

KBRA assigns a long-term rating of AAA to the Harris County Flood Control District (TX) Improvement Refunding Bonds, Series 2023A (Sustainability Bonds). KBRA additionally affirms the long-term rating of AAA for the District's outstanding parity...

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Police Health Plan Limited (PHP) (New Zealand). 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 Hyundai Marine & Fire Insurance Co., Ltd. (HMF) (South Korea). The outlook of these Credit Ratings (ratings) is stable....

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Through Transport Mutual Insurance Association Limited (TTB) (Bermuda) and its subsidiary, TT Club Mutual Insurance...

AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B (Fair) and the Long-Term Issuer Credit Rating to "b" (Marginal) from "bb+" (Fair) of Casualty Underwriters Insurance Company (CUIC) (Salt Lake City, UT). The outlook of...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" (Excellent) of Orient Insurance PJSC (Orient) (United Arab Emirates) and its subsidiaries, Orient Takaful Insurance Company (S.A.E.)...

AM Best has downgraded the Financial Strength Rating (FSR) to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to "bbb-" (Good) from "bbb+" (Good) of Claverack Cooperative Insurance Company, Midrox Insurance Company,...

AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Ratings to "b" (Marginal) from "bb-" (Fair) of Columbian Mutual Life Insurance Company (Columbian) (Binghamton, NY) and Columbian...

KBRA assigns a rating of BBB to Owl Rock Core Income Corp.'s ("ORCIC" or "the company") $500 million 7.950% senior unsecured notes due 2028. The rating Outlook is Stable. The proceeds will be used for general corporate purposes, including the...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" (Excellent) of BNY Trade Insurance, Ltd. (BNY Trade) (Hamilton, Bermuda) and The Hamilton Insurance Corp. (Hamilton) (Melville, NY)....

AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a" (Excellent) of CM Select Insurance Company (CM Select) (Merrill, WI). The...

KBRA assigns preliminary ratings to six classes of notes issued by GLS Auto Select Receivables Trust 2023-1 ("GSAR 2023-1"), a near prime auto loan ABS transaction. GSAR 2023-1 represents the inaugural near prime only term ABS securitization for...

AM Best has commented that the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) of UnipolRe Designated Activity Company (UnipolRe) (Ireland) remain unchanged following a...

Pacific Premier Bancorp, Inc. (the "Company" or "Pacific Premier") announced today that Kroll Bond Rating Agency, LLC ("KBRA"), a Nationally Recognized Statistical Rating Organization registered with the U.S. Securities and Exchange Commission,...

AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "a+" (Excellent) from "aa-" (Superior) of Privilege Underwriters Reciprocal Exchange (PURE). At...

KBRA assigns preliminary ratings to eight classes of notes issued by JCP Direct Lending CLO 2023-1 Ltd (JCP 2023-1), a collateralized loan obligation backed by a portfolio of middle market corporate loans. JCP Direct Lending CLO 2023-1 Ltd is a...

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 Energas Insurance (L) Limited (Energas) (Malaysia). The Credit Ratings...

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 Utica First Insurance Company (Utica First) (Oriskany, NY). The Credit...

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb+" (Fair) of Unified Life Insurance Company (Unified Life) (headquartered in Overland...

AM Best has affirmed the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of "aa-" (Superior) and the Mexico National Scale Rating of "aaa.MX" (Exceptional) of Berkley International Seguros Mexico S.A. (BSM) (Mexico...

KBRA assigns a long-term rating of AA- to the City of Lansing, Michigan (Counties of Ingham and Eaton) Capital Improvement and Refunding Bonds, Series 2023B (Unlimited Tax General Obligation). The Outlook is Stable. Key Credit Considerations The...

AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) of W. R. Berkley Corporation (W. R. Berkley) (Greenwich, CT) [NYSE: WRB] and all associated Long-Term Issue Credit Ratings (Long-Term IRs) and indicative...

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a" (Excellent) to Centurion Casualty Company (Centurion Casualty) (Omaha, NE). The outlook assigned to these Credit Ratings (ratings) is...

KBRA assigns issuer and senior unsecured debt ratings of BBB to Kayne Anderson BDC, Inc. ("KABDC" or "the company"). The rating Outlook is Stable. Key Credit Considerations The ratings and Stable Outlook are supported by Kayne Anderson BDC's ties...

KBRA is assigning preliminary ratings to the Series 2023-1 Class A-1-VFN Notes, Class A-1-L Notes, Class A-2 Notes, Class B Notes, and Class C Notes (the Series 2023-1 Notes) from ALLO Issuer, LLC, (the Issuer), a communications infrastructure...

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Net Insurance S.p.A. (Net Insurance) (Italy). The outlook assigned...