News by subject: Bond/Stock Rating

AM Best is maintaining a stable outlook on Japan's non-life insurance industry, citing profitable and stable underwriting and a solid capital base amid financial market uncertainty. The Best's Market Segment Report, "Market Segment Outlook: Japan...

AM Best has assigned a Preliminary Credit Assessment (PCA) to Amherst Specialty Insurance Company (Amherst) (Addison, TX) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of "a-" pca (Excellent). The...

KBRA assigns a rating of BBB to Blue Owl Credit Income Corp.'s ("OCIC" or "the company") $750 million 6.65% senior unsecured notes due March 15, 2031. The rating Outlook is Stable. The proceeds will be used for general corporate purposes, including...

KBRA assigns issuer and senior unsecured debt ratings of BBB to T. Rowe Price OHA Select Private Credit Fund ("OCREDIT" or "the company"). The rating Outlook is Stable. Key Credit Considerations The ratings and Outlook are supported by T. Rowe...

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 Rating of "a-" (Excellent) of Sofimex, Institucion de Garantias S.A. (Sofimex) (Mexico City,...

KBRA assigns a long-term rating of AAA to the Texas Transportation Commission State of Texas Highway Improvement General Obligation Refunding Bonds, Series 2024 and affirms the AAA rating for parity bonds. KBRA additionally affirms the long-term...

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 Aseguradora Ancón, S.A. (Ancón) (Panama). These Credit Ratings...

AM Best has withdrawn the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Carolina Re, Ltd (Bermuda). At the time of the withdrawal, the outlook of the Credit Ratings (ratings) was negative....

KBRA assigns a AAA rating, with a Stable Outlook to the State of Wisconsin's (the State's) General Obligation (G.O.) Bonds of 2024, Series A; G.O. Refunding Bonds of 2024, Series 1 and G.O. Refunding Bonds of 2025, Series 1 (Forward Delivery)....

KBRA assigns a BBB- rating to New Mountain Finance Corporation's ("New Mountain" or "the company") $300 million 6.875% senior unsecured notes due February 1, 2029. The rating Outlook is Stable. The proceeds will primarily be used to redeem the...

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) of LifeMap Assurance Company (LifeMap) (Portland,...

KBRA assigns preliminary ratings to one class of notes from SESAC Finance, LLC Series 2024-1 (SESAC 2024-1), a whole business securitization. SESAC 2024-1 represents the third series of notes issued by SESAC Finance, LLC (the Master Issuer),...

AM Best has withdrawn the Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of "a-" (Excellent) of Accelerant Re Ltd. (Accelerant Re Bermuda) (Bermuda). The company is a wholly owned subsidiary of Accelerant Holdings...

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 Factory Mutual Insurance Company (Johnston, RI) and its subsidiaries, which are collectively...

AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb" (Good) of National Security Fire and Casualty Company (NSFC). AM Best also...

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 Transatlantic Reinsurance Company and its subsidiaries (collectively referred to as TransRe)....

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 The Wawanesa Mutual Insurance Company (Wawanesa Mutual). At the same time, AM Best has affirmed 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 Canada Life Assurance Company (Canada Life) (Winnipeg, Manitoba) and its affiliates....

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to Everly Life Insurance Company (Everly Life) (Topeka, KS). The outlook assigned to these Credit Ratings (ratings) is stable....

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 Nippon Life Insurance Company (Nissay) (Japan). Concurrently, AM Best has affirmed the FSR of A-...

AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to "a-" (Excellent) from "a" (Excellent) of Pharmacists Mutual Insurance Company (PMIC) and its wholly owned reinsured...

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 Farmers Mutual Fire Insurance Company of Marble, Pennsylvania (Farmers...

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

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Post-Telecommunication Joint Stock Insurance Corporation (PTI) (Vietnam). The outlook of these Credit Ratings (ratings) is...

KBRA is pleased to announce the assignment of preliminary ratings to 33 classes of BANK5 2024-5YR5, a $518.6 million CMBS conduit transaction collateralized by 24 commercial mortgage loans secured by 25 properties. The collateral properties are...

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Sveriges Ångfartygs Assurans Förening (The Swedish Club) (TSC or the Club) (Sweden). The outlook of these Credit...

KBRA releases research examining December retail sales. This month's report discusses the uptick in retail sales and employment growth at the end of 2023 and why these trends may not last through 2024. Click here to view the report. About KBRA...

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) of El Aguila, Compañía de Seguros, S.A. de C.V. (El...

KBRA is pleased to announce the assignment of preliminary ratings to 15 classes of BBCMS 2024-C24, a $693.7 million CMBS conduit transaction collateralized by 34 commercial mortgage loans secured by 90 properties. The collateral properties are...

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Nova Casiopea Re S.A. (NCRe) (Luxembourg). The outlook of these Credit Ratings (ratings) is stable. The ratings...

AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb" (Good) of ACMAT Corporation (ACMAT) (Farmington, CT) [OTC Market: ACMT]. Concurrently, AM Best has affirmed the Financial Strength Rating of A (Excellent) and the...

AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating to "bbb-" (Good) from "bb+" (Fair) of Himalayan Reinsurance Limited...

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of "aa-" (Superior) of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan). The outlook of these Credit Ratings (ratings) is stable....

AM Best has issued a new commentary on its country risk evaluation process in response to recent concerns about China's economic slowdown and the government's sovereign risk. The new Best's Commentary addresses frequently asked questions about AM...

KBRA assigns preliminary ratings to four classes of notes issued by Mercury Financial Credit Card Master Trust, Series 2024-1 ("MFCCMT 2024-1"), a credit card asset-backed securitization issued out of the Mercury Financial Credit Card Master Trust...

KBRA assigns ratings to six classes of mortgage-backed notes from OBX 2024-NQM2 Trust (OBX 2024-NQM2), a $496.0 million non-prime RMBS transaction. The underlying collateral, comprising 1,067 residential mortgages, is characterized by a notable...

AM Best has assigned indicative Long-Term Issue Credit Ratings of "bbb+" (Good) to subordinated issues, "bbb" (Good) to preferred stock issues and "a-" (Excellent) to senior unsecured issues on the recently filed shelf registrations of Assurant, Inc....

Sierra Metals Inc. ("Sierra Metals" or "the Company") is pleased to provide the following letter to shareholders. Dear Fellow Shareholders, 2023 proved to be a pivotal year for Sierra Metals. With a new management team in place and armed with...

KBRA announces the assignment of preliminary ratings to four classes of BX 2024-BIO, a CMBS single-borrower securitization. The collateral for the transaction is a $1.2 billion floating rate, interest-only mortgage loan. The loan has an initial...

KBRA is pleased to announce the assignment of preliminary ratings to 12 classes of BMO 2024-5C3, a $902.2 million CMBS conduit transaction collateralized by 37 commercial mortgage loans secured by 55 properties. The collateral properties are...

KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2024-R01 (CAS 2024-R01), a credit risk sharing transaction with a total note offering of $752,249,000. The pool is characterized by loans with original...

KBRA assigns preliminary ratings to four classes of notes issued by Reach ABS Trust 2024-1 ("REACH 2024-1"), an unsecured consumer loan ABS transaction. Credit enhancement consists of overcollateralization, subordination of junior note classes, a...

KBRA assigns preliminary ratings to 27 classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2024-1 (JPMMT 2024-1). The pool comprises 551 first-lien, fixed rate residential mortgage loans with an aggregate principal balance...

KBRA assigns preliminary ratings to eight classes of mortgage pass-through certificates from CROSS 2024-H1 Mortgage Trust, an RMBS transaction issued under the Hildene-CCC Loan Acquisition, LLC (CROSS) shelf, where Hildene Capital Management...

KBRA assigns preliminary ratings to 61 classes of mortgage-backed notes from GCAT 2024-INV1 Trust. The transaction is backed by non-owner occupied (NOO) properties and loans that were predominantly underwritten to agency guidelines. The pool...

AM Best has placed under review with positive implications the Long-Term Issue Credit Rating (Long-Term IR) of "bbb" (Good) of the EUR 250 million, 5.25% subordinated fixed to floating rate guaranteed notes, due 2044, issued by Atradius Finance B.V....

AM Best has placed under review with positive implications the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb+" (Good) of Generali France S.A. (Generali France) (France), an intermediate non-operating holding company, following the release of...

KBRA assigns a rating of BBB to Blue Owl Capital Corporation's $600 million 5.95% senior unsecured notes due March 15, 2029. The Outlook for the rating is Positive. The proceeds will be used to repay borrowings under the company's secured revolving...

The private credit industry is amid its first "cycle" while in its relatively new capacity as a major component and driving force of global credit markets. In this first of a series of research articles regarding the outlook for private credit in...

KBRA assigns preliminary ratings to 28 classes of mortgage pass-through certificates from Morgan Stanley Residential Mortgage Loan Trust 2024-1 (MSRM 2024-1). MSRM 2024-1 comprises 358 residential mortgages with an aggregate principal balance of...