12 january 2024 |
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12:05 |
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Société Centrale de Réassurance (SCR) (Morocco). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect... |
10:05 |
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to "a" (Excellent) from "a-" (Excellent) of Fidelity & Guaranty Life Insurance Company (Des Moines, IA) and Fidelity &... |
09:30 |
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of South China Insurance Co., Ltd. (South China Insurance) (Taiwan). The outlook of these Credit Ratings (ratings) is... |
09:05 |
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Etiqa General Insurance Berhad (EGIB) (Malaysia). The outlook of these Credit Ratings (ratings) is stable.
The... |
11 january 2024 |
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17:15 |
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 members of RLI Group (RLI). In addition, AM Best has affirmed the Long-Term ICR of "a"... |
16:45 |
RLI Corp. -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding... |
15:30 |
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 Ratings of "a-" (Excellent) of Summit Insurance Company Limited (Summit) (Nassau, Bahamas).
These... |
12:20 |
KBRA assigns preliminary ratings to five classes of notes issued by Bridgecrest Lending Auto Securitization Trust 2024-1 ("BLAST 2024-1"), an asset-backed securitization collateralized by a pool of sub-prime auto loans.
BLAST 2024-1 will issue... |
10:10 |
KBRA releases its Day 3 recap of the CRE Finance Council (CREFC) January Conference 2024. The final day of the CREFC January conference was the Servicing Summit, which consisted of three panels covering topical issues in servicing, special servicing,... |
08:35 |
Easterly Government Properties, Inc. today announced that the company received an investment grade issuer credit rating from Kroll Bond Rating Agency, LLC ("KBRA") of BBB with Stable Outlook.
"Receiving this investment grade rating from KBRA is... |
08:30 |
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Partners Life Limited (Partners Life) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The... |
10 january 2024 |
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18:10 |
KBRA assigns ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-1 ("PAID 2024-1"), a consumer loan ABS transaction. PAID 2024-1 has initial credit enhancement levels of 61.30% for the Class A notes to 7.45% for the Class E notes.... |
16:10 |
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICRs of "bb+" (Fair) of Ocean Harbor Casualty Insurance... |
15:30 |
KBRA assigns a long-term rating of AA+ with a Stable Outlook to the Triborough Bridge and Tunnel Authority (MTA Bridges and Tunnels) Payroll Mobility Tax Senior Lien Green Bonds, Series 2024A (Climate Bond Certified). Concurrently, KBRA affirms the... |
13:45 |
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of TDC Insurance Company Limited (TDCIC) (St. Kitts and Nevis). The outlook of these Credit Ratings (ratings) is stable.... |
13:45 |
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of East Caribbean Reinsurance Company Limited (ECRC) (Anguilla).
The Credit Ratings... |
12:45 |
KBRA assigns preliminary ratings to two classes of notes from Servpro Master Issuer LLC (the Issuer), Series 2024-1 (Servpro 2024-1), a whole business securitization (WBS). In conjunction with the issuance of Servpro 2024-1, the Servpro 2019-1 Class... |
11:25 |
KBRA affirms the ?AAA' rating to the outstanding Senior Notes and affirms the ?A+' ratings to the outstanding Mandatory Redeemable Preferred Shares issued by Kayne Anderson Energy Infrastructure Fund, Inc. ("KYN" or the "Fund"). Concurrently, KBRA... |
10:15 |
KBRA assigns preliminary ratings to 31 classes of asset-backed securities from Towd Point Mortgage Trust 2024-CES1 (TPMT 2024-CES1), a $455.6 million RMBS transaction, as of November 30, 2023 (the Statistical Calculation Date), sponsored by FirstKey... |
10:10 |
KBRA assigns preliminary ratings to four classes of notes issued by MMAF Equipment Finance LLC 2024-A (MMAF 2024-A), an equipment ABS transaction.
MMAF 2024-A represents the 20th equipment ABS sponsored by MassMutual Asset Finance LLC (MMAF). MMAF... |
10:05 |
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 Ratings of "a-" (Excellent) of Mutual of Enumclaw Insurance Company and Enumclaw Property & Casualty... |
06:35 |
Radian Group Inc. , announced today that S&P Global Ratings (S&P) has raised its long-term insurer financial strength and issuer credit ratings on Radian Guaranty Inc., the company's principal mortgage insurance subsidiary, to A- from BBB+. At the... |
9 january 2024 |
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16:30 |
KBRA assigns a rating of BBB+ to Sixth Street Specialty Lending, Inc.'s $350 million 6.125% senior unsecured notes due March 1, 2029. The Outlook for the rating is Stable.
Key Credit Considerations
The rating and Stable Outlook reflect the... |
14:40 |
KBRA assigns preliminary ratings to five classes of notes totaling to $225.020 million issued by SAFCO Auto Receivables Trust 2024-1 ("SAFCO 2024-1" or the "Issuer"), a subprime auto loan ABS transaction. Credit enhancement on the notes is comprised... |
14:25 |
AM Best has upgraded the Financial Strength Rating (FSR) to B (Fair) from C++ (Marginal) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "bb" (Fair) from "b+" (Marginal) of United Security Insurance Company (USIC), an affiliate of First... |
12:40 |
KBRA releases its Day 1 recap of the CRE Finance Council (CREFC) January Conference 2024. The organization, which is celebrating its 30th anniversary, returned to Miami for its annual January conference. The event drew a sizable attendance of over... |
08:25 |
Higher premiums and fewer death benefits have led to reduced payout ratios on individual life insurance policies since 2020, despite concerns about COVID-19 and elevated mortality in certain population segments. according to a new AM Best report.... |
06:35 |
Essent Group Ltd. ("Essent") today announced that S&P Global Ratings ("S&P") has raised its long-term insurer financial strength and issuer credit ratings on its wholly owned subsidiaries, Essent Guaranty, Inc. ("Essent Guaranty") and Essent... |
8 january 2024 |
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12:20 |
AM Best has downgraded the Long-Term Issue Credit Rating (Long-Term IRs) of the senior unsecured note guaranteed by Swiss Reinsurance Company Ltd. (see details below) and the indicative Long-Term IRs on securities that may be potentially issued or... |
07:10 |
KBRA UK (KBRA) assigns preliminary ratings to Together Asset Backed Securitisation 2024-2ND1 PLC (TABS X) a static non-conforming RMBS securitisation backed predominantly by a portfolio of second lien mortgage loans. The mortgages were originated... |
5 january 2024 |
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17:10 |
KBRA assigns preliminary ratings to 18 classes of Velocity Commercial Capital 2024-1 (VCC 2024-1) mortgagebacked certificates.
VCC 2023-4 is a $221.1 million securitization collateralized by 530 small balance commercial loans secured by 582... |
16:50 |
KBRA assigns a long-term rating of AA- to the Pennsylvania Turnpike Commission Turnpike Revenue Bonds, Series A of 2024.
KBRA additionally affirms:
The long-term rating of AA- for the Commission's outstanding Turnpike Revenue Bonds
The... |
14:55 |
KBRA releases research on the 2023 CMBS loan maturities. Nearly 94% of 2023 maturing CMBS loans paid off despite the negative headlines about the challenging commercial real estate (CRE) finance environment. The numbers appear less rosy by loan... |
10:25 |
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Hong Leong Insurance (Asia) Limited (HLIA). The outlook of these Credit Ratings (ratings) is stable.
The ratings... |
4 january 2024 |
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18:10 |
KBRA assigns preliminary ratings to six classes of mortgage pass-through notes from GCAT 2024-NQM1 Trust, a $287.1 million non-prime RMBS transaction. The underlying collateral, comprising 613 residential mortgages, is characterized by a significant... |
12:55 |
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb" (Fair) of Life Insurance Corporation (International) B.S.C. (c) (LICI) (Bahrain). The outlook of these Credit Ratings (ratings) is stable.... |
02:05 |
As more insurance markets transition to the IFRS 17 accounting standard, a new AM Best commentary addresses frequently asked questions about the rating agency's treatment of IFRS 17 data and clarifies how the accounting regime change is factored into... |
3 january 2024 |
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15:05 |
KBRA assigns a long-term rating of AA+ with a Stable Outlook to the State of Illinois Build Illinois Bonds (Sales Tax Revenue Bonds), Junior Obligation Series A, B, and C of February 2024. KBRA additionally affirms the long-term rating of AA+ with a... |
12:15 |
KBRA assigns preliminary ratings to six classes of mortgage-backed notes from OBX 2024-NQM1 Trust (OBX 2024-NQM1), a $413.6 million non-prime RMBS transaction. The underlying collateral, comprising 894 residential mortgages, is characterized by a... |
09:45 |
Despite ongoing pressure from catastrophe-related and secondary peril losses, insurers within the U.S. property/casualty (P/C) industry have been able to bolster their bottom-line financial results by cutting underwriting expenses, according to a new... |
09:45 |
KBRA releases a report comparing the credit metrics between the 2023 5-year and 10-year conduit deals. In 2023, the commercial real estate (CRE) securitization market offered 5-year fixed rate loans to borrowers hesitant to lock in longer-term... |
2 january 2024 |
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13:00 |
KBRA assigns preliminary ratings to 55 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2024-1 (SEMT 2024-1), a $440.9 million prime RMBS transaction. The pool consists mainly of fully amortizing fixed rate mortgages with... |
1 january 2024 |
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10:50 |
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to Enel Erre S.p.A. (EE) (Italy). EE is a captive of Enel S.p.A. (Enel), a multinational electric utility company based in... |
28 december 2023 |
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15:30 |
KBRA assigns a 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 turn hold a... |
22 december 2023 |
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12:55 |
AM Best has commented that the Performance Assessment (assessment) of PA-2 (Excellent) of Castel Underwriting Agencies Limited (Castel) (United Kingdom) and its subsidiary, Castel Underwriting Europe B.V. (Netherlands), is unchanged following its... |
21 december 2023 |
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15:40 |
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of SILAC Insurance Company (SILAC) (Salt Lake City, UT).
These Credit Ratings... |
10:50 |
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 Harrington Re Ltd. (Harrington). AM Best also has affirmed the Long-Term ICR of "bbb-" (Good) of... |
10:35 |
AM Best has assigned the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb+ (Fair) to Berking Re Limited (Berking Re) (Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect... |
10:35 |
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of Somers Re Ltd. (Bermuda) and its subsidiaries: Watford Insurance Company Europe Limited (Gibraltar);... |
10:05 |
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) of Qatar Insurance Company Q.S.P.C. (QIC) (Qatar), and its subsidiary, Antares Reinsurance Company Limited (Antares Re)... |