News by subject: Bond/Stock Rating

KBRA assigns preliminary ratings to eight classes of mortgage pass-through certificates from CROSS 2024-H2 Mortgage Trust, an RMBS transaction issued under the Hildene-CCC Loan Acquisition, LLC (CROSS) shelf, where Hildene Capital Management...

KBRA assigns preliminary ratings to three classes of notes issued by PowerPay Issuance Trust 2024-1 ("PowerPay 2024-1"), an asset-backed securitization collateralized by a pool of consumer loans used for home improvements and elective medical. This...

KBRA assigns preliminary ratings of ?BBB- (sf)' to the Series 2024-SAT1 Term Notes from FMC GMSR ISSUER TRUST, Freedom Mortgage Corporation's (FMC) master trust issuer of notes backed by a participation certificates evidencing participation interests...

KBRA assigns preliminary ratings to four classes of notes issued by Foundation Finance Trust 2024-1 ("FFIN 2024-1"), an asset-backed securitization collateralized by unsecured consumer loans primarily used for home improvements. FFIN 2024-1 will...

KBRA publishes and affirms a BBB- rating to the Class A Senior Notes ("Class A Notes") and a B+ rating to the Class B Subordinated Notes ("Class B Notes", and together the "Notes") issued by PineBridge Private Credit III RFF, L.P. (the "Issuer" or...

KBRA publishes and affirms an A- rating to the Class A Senior Notes ("Class A Notes") and a BBB- rating to the Class B Subordinated Notes ("Class B Notes", and together the "Notes") issued by PineBridge Private Credit III Parallel RFF, L.P. (the...

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 SWBC Property and Casualty Insurance Company (SWBC PC) (San Antonio, TX). Additionally, AM Best has...

KBRA assigns preliminary ratings to four classes of notes issued by Prosper Marketplace Issuance Trust, Series 2024-1 ("PMIT 2024-1"), a $136.478 million consumer loan ABS transaction. The ratings reflect initial credit enhancement levels of 29.85%...

Super Micro Computer, Inc. , a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, has been selected to join the Standard and Poor's 500 (S&P 500) Index, which tracks 500 of the most valuable companies traded on the U.S. stock...

KBRA assigns a long-term rating of AA with a Stable Outlook to the State of Louisiana General Obligation Bonds, Series 2024-A and General Obligation Refunding Bonds, Series 2024-B. Concurrently, KBRA affirms the AA long-term rating and Stable Outlook...

AM Best will participate in a panel discussion at the annual IFRS 17 Conference, hosted by InsuranceERM, to be held on 18 March 2024 at Grocers' Hall in London. Tony Silverman, director, credit rating criteria, research and analytics, AM Best, will...

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of "bbb+" (Good) to the $350 million 5.852% senior unsecured notes, due March 15, 2034, issued by Lincoln National Corporation (LNC) (headquartered in Radnor, PA). The outlook...

KBRA assigns preliminary ratings to two classes of notes (the "Notes") issued by KCG Securitization 2024-1, LLC ("KCG 2024-1"). Kalamata.com, LLC ("Kalamata"), through its subsidiaries, Kalamata Capital Group, LLC ("KCG", the "Company" or...

KBRA Europe (KBRA) assigns its long-term issuer rating of AAA to the European Union (EU). KBRA also assigns its short-term issuer rating of K1+ to the supranational. The Outlook on the long-term rating is Stable. KBRA's credit ratings for the EU...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of Ping An Property & Casualty Insurance Company of China, Ltd. (Ping An P&C) (China). The outlook of these Credit Ratings...

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Stonefort Insurance S.A. (Stonefort Insurance) (Luxembourg)....

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...

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to "bb" (Fair) from "bb+" (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Moda Health Plan, Inc. (Moda Health). Concurrently, AM Best has downgraded the...

KBRA assigns preliminary ratings to 16 classes of mortgage-backed notes from RCKT Mortgage Trust 2024-CES2 (RCKT 2024-CES2), a $446.7 million RMBS transaction, as of the cut-off date, sponsored by Woodward Capital Management LLC, a wholly owned...

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 SCOR SE (SCOR) (France) and its main operating subsidiaries. The outlook of these Credit Ratings...

KBRA is assigning preliminary ratings to the Series 2024-2 Class A-1 Notes, and the Series 2024-1 Class A-2 Notes, Class B Notes, and Class C Notes (together, the Series 2024-1 and Series 2024-2 Notes) from Ziply Fiber Issuer, LLC, (the Issuer), a...

AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Church Mutual Insurance Company, S.I. and its wholly owned subsidiaries, CM Regent...

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of "bbb" (Good) of Mozart Insurance, Ltd. (Mozart) (Bermuda). The outlook assigned to 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 Ratings of "bbb" (Good) of American Health and Life Insurance Company (AHLIC) and Triton Insurance Company (Triton) (both domiciled in Fort Worth, TX)....

AM Best has downgraded the Financial Strength Rating to C (Weak) from B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to "ccc" (Weak) from "bbb-" (Good) of Conifer Insurance Company (CIC) and White Pine Insurance Company (White...

AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of "a-" (Excellent) to MetLife, Inc.'s (MetLife) (headquartered in New York, NY) [NYSE: MET] newly issued senior unsecured notes (see detailed list below). The outlook assigned to...

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Hamilton Select Insurance Inc. (Hamilton Select) (Delaware). The outlook of these Credit Ratings (ratings) is stable....

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Abarca - Companhia de Seguros S.A. (Abarca) (Portugal). The outlook for these Credit Ratings (ratings) is negative. The...

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 Penn Mutual Life Insurance Company (Penn Mutual Life) (Horsham, PA) and its wholly owned...

The U.S. life/annuity insurance segment remains well-capitalized after a nominal 1.6% increase in statutory capital and surplus through Sept. 30, 2023, from year-end 2022, and steady net income. However, according to AM Best's annual Review & Preview...

Rating agency Standard & Poor's (S&P) announced today that it has upgraded Cemex's long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible...

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 Aetna Life Insurance Company (ALIC) (Hartford, CT) and the other members of Aetna Health & Life...

AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IRs) of "bbb" (Good) to Humana Inc.'s (Humana) (headquartered in Louisville, KY) [NYSE: HUM] recently announced $1.25 billion 5.375% senior unsecured notes, due 2031, and $1 billion 5.75%...

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb+" (Good) of Wisconsin Municipal Mutual Insurance Company (WMMIC) (Madison, WI). The outlook of these Credit Ratings (ratings) is positive....

Issuer Credit Rating (rating) upgrades in the U.S. life/health insurance segments declined to 18 in 2023 from 26 in the previous year, while the number of initial ratings, ratings placed under review and downgrades increased, according to a new AM...

KBRA assigns preliminary ratings to five classes of notes issued by VStrong Auto Receivables Trust 2024-A ("VSTRG 2024-A"), an auto loan ABS transaction collateralized by subprime and nonprime collateral. VSTRG 2024-A is the second 144A offering of...

KBRA assigns preliminary ratings to two classes of notes totaling $288.49 million issued by EverBright Solar Trust 2024-A ("EVBRT 2024-A"), an asset-backed securitization collateralized by a pool of residential solar retail installment contracts...

AM Best has assigned a Long-Term Issue Credit Rating of "bbb" (Good) to the $1 billion, 6.5% fixed to fixed reset rate junior subordinated notes, due March 15, 2054, of Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU]. The outlook...

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of North End Re Ltd. (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect North End...

KBRA is pleased to announce the assignment of preliminary ratings to 13 classes of BBCMS 2024-5C25, an $886.4 million CMBS conduit transaction collateralized by 33 commercial mortgage loans secured by 38 properties. The collateral properties are...

Columbia Threadneedle Investments today announced that the Columbia Ultra Short Term Bond Fund is celebrating its 20-year anniversary. Since inception, the fund has generated consistent long-term performance and provided daily NAV stability with...

Janus International Group, Inc. ("Janus"), a leading provider of access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, today announced it has received an upgrade to its credit rating by...

KBRA assigns a long-term rating of AA- with a Stable Outlook to the City of Chicago Second Lien Wastewater Transmission Revenue Bonds, Refunding Series 2024A. The long-term rating reflects the Wastewater System's strong financial flexibility,...

KBRA assigns preliminary ratings to two classes of notes for SEB Funding LLC (the Issuer), Series 2024-1 (SEB 2024- 1), a whole business securitization. SEB 2024-1 represents the Issuer's second securitization from its master trust. The Series 2021-1...

KBRA assigns preliminary ratings to three classes of notes from ME Funding, LLC (the Issuer), Series 2024-1 (Massage Envy 2024-1), a whole business securitization (WBS). In conjunction with the anticipated rating assignment, KBRA expects to withdraw...

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 Arch Reinsurance Ltd. (Arch) (Bermuda) and its strategic affiliates. Concurrently, AM Best has...

KBRA is pleased to announce the assignment of preliminary ratings to 13 classes of Benchmark 2024-V6, a $1.1 billion CMBS conduit transaction collateralized by 37 commercial mortgage loans secured by 62 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 2024A-1(Tax-Exempt); Series 2024A-2 (Tax-Exempt); and, Series...

KBRA is pleased to announce the assignment of preliminary ratings to 18 classes of BMO 2024-C8, a $683.4 million CMBS conduit transaction collateralized by 52 commercial mortgage loans secured by 65 properties. The collateral properties are located...

Credit Rating (rating) downgrades on U.S. property/casualty insurance companies rose to 55 in 2023 compared with 30 in the previous year given the challenging conditions in the personal lines segment, according to a new AM Best special report. The...