Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to five classes of notes issued by RKTL Trust 2026-1 (“RKTL 2026-1”), an asset-backed securitization collateralized by unsecured consumer loans. This transaction represents RockLoans Marketplace LLC (“RockLoans”, “Rocket Loans”, or the “Company”) third 144A unsecured consumer loan ABS securitization. RKTL 2026-1 is expected to issue five classes of notes totaling $394.401 million. Initial credit enhancement consists of overcollateraliz...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA- to Lee County, Florida's (the County) Aviation Revenue Bonds Series 2026A-1 (AMT); Airport Revenue Bonds Series 2026A-2 (Put Bonds) (AMT); and Airport Revenue and Refunding Bonds Series 2026B (Non-AMT) issued for Southwest Florida International Airport (the Airport). Concurrently, KBRA affirms the AA- long-term rating on the County's approximately $862.8 million outstanding Aviation Revenue Bonds. The Outlook is Stable. The Airpo...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to Castlelake Aircraft Structured Trust 2026-1 (CLAS 2026-1), an aviation ABS transaction. CLAS 2026-1 represents the 12th aviation ABS transaction sponsored by Castlelake, L.P. (Castlelake, or the Company). CLAS 2026-1 will be serviced by Castlelake Aviation Holdings (Ireland) Limited (the Servicer), which is a wholly owned subsidiary of Castlelake. Since inception, the Company has invested more than $22 billion of fund equity in avia...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to MAST 2026-1 Limited and MAST 2026-1 LLC, an aviation ABS transaction. MAST 2026-1 represents the second ABS Issuance by Marathon Asset Management, LP (Marathon, or the Company). Funds managed by Marathon Asset Management, LP and its affiliates will retain 100% of the equity of the subject transaction at closing. The transaction is the inaugural aviation ABS serviced by Orix Aviation Systems Limited (Orix, the Servicer). Additionally...

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Orion Reinsurance (Bermuda) Ltd. (Orion Re) (Hamilton, Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Orion Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also re...

OLDWICK, N.J.--(BUSINESS WIRE)--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 life/health insurance subsidiaries of Prudential Financial, Inc. (PFI) (Newark, NJ) [NYSE: PRU], collectively referred to as Prudential. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of PFI and all Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of the group....

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of RF&G Insurance Company Limited (RF&G) (Belize). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect RF&G’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). RF&G is the l...

MEXICO CITY--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Southbridge Compañía de Seguros Generales S.A. (Southbridge) (Santiago, Chile). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Southbridge’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise ri...

NEW YORK--(BUSINESS WIRE)--KBRA releases the January 2026 issue of CMBS Trend Watch. The commercial real estate (CRE) securitization market has remained hot, even while much of the country has been in a deep freeze. Commercial mortgage-backed securities (CMBS) private-label issuance was $7.9 billion (13 deals) in January, and CRE collateralized loan obligation (CLO) issuance made a meaningful contribution of $7.5 billion (seven deals), representing 48% of total CRE securitization issuance. Base...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA with a Stable Outlook to the State of Wisconsin General Obligation Refunding Bonds of 2026, Series 1 and General Obligation Refunding Bonds of 2027, Series 1 (Forward Delivery). Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives Strength and breadth of the G.O. pledge, coupled with liquidity and market access to support short-term debt. Trend of conservative budgets, str...