Bond & Stock Rating News

LONDON--(BUSINESS WIRE)--Despite softening pressures, the pricing environment for the reinsurance segment of Lloyd’s is expected to remain adequate and support positive underwriting performance in the near term, according to a new AM Best report.The Best's Market Segment Report, “Steering Profitability Remains Crucial for Lloyd’s in a Softening Market”, is part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM B...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to ten classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2026-5 (AOMT 2026-5), a $240.2 million non-prime RMBS transaction. The underlying collateral, comprised of 458 residential mortgages, and includes a meaningful concentration of collateral that KBRA considers to be “non-prime.” All the loans are either classified as non-qualified mortgages (59.0%) or exempt (41.0%) from the Ability-to-Repay/Qualified Mortgage r...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a rating of BBB- to MSC Income Fund, Inc.'s (NYSE: MSIF or “the company”) $150 million, 6.83% senior unsecured notes due September 2029. The rating Outlook is Stable. The proceeds will be used for repayment of existing secured indebtedness and for general corporate purposes. The notes will be issued in two separate closings. The initial issuance of $75.0 million of notes closed today, and MSIF will issue the remaining $75.0 million of notes in October 202...

LONDON--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to six classes of notes to be issued under the OnTap Master Trust structure, a UK credit card ABS programme backed by receivables originated and serviced by New Wave Capital Limited trading as Capital on Tap (CoT). The issuance relates to Series 4 (the Series), which will be issued by London Cards Master Issuer plc. CoT is a privately owned non-bank lender that provides business credit cards to small and medium-sized enterprise...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has maintained its stable outlook on the global life reinsurance segment, noting that it is led by highly rated, diversified, well-capitalized and experienced companies. In its Best’s Market Segment Report, “Market Segment Outlook—Global Life Reinsurance,” AM Best states that the segment remains concentrated, with a handful of global companies holding a significant majority of market share. A number of offshore annuity reinsurers has increased in recent y...

NEW YORK--(BUSINESS WIRE)--KBRA releases research examining recent shifts in nonresident (NR) holdings of developed market sovereign debt. Over the past decade, sovereign debt profiles in developed markets (DM) have shifted significantly, particularly in terms of the role of NR investors. The COVID pandemic’s onset caused flight-to-quality dynamics, while large central bank presence and low interest rates crowded out NR investors. Russia’s invasion of Ukraine and the related energy shock afflic...

WILMINGTON, Del.--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”). KBRA also reaffirmed WSFS’ subordinated debt rating of BBB+ and a short-term debt rating of K2. WSFS Bank, the Company’s primary subsidiary, received strong credit ratings as well, including A ratings for both senior unsecured debt and deposit, a subordinated debt rating of A-, and the short-term debt an...

MEXICO CITY--(BUSINESS WIRE)--Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta” or the “Company”) (NYSE: VTMX; BMV: VESTA), a fully integrated, internally managed real estate company that owns, manages, develops and leases industrial properties in Mexico, today announced that Fitch Ratings (“Fitch”) has upgraded Vesta’s Long-Term Foreign- and Local-Currency Issuer credit rating to ‘BBB’ from ‘BBB-’, with a stable outlook. The rating action, published on August 31, 2026, reflects Vesta’s s...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA- to the Pennsylvania Turnpike Commission Oil Franchise Tax Senior Revenue Bonds, Series A of 2026 and a long-term rating of A+ to the Commission's Oil Franchise Tax Subordinated Revenue Bonds, Series B of 2026. KBRA additionally affirms the long-term rating of AA- for the Commission's outstanding Oil Franchise Tax Senior Revenue Bonds and A+ for the Commission's outstanding Oil Franchise Tax Subordinated Revenue Bonds. The rating...

OLDWICK, N.J.--(BUSINESS WIRE)--A composite of AM Best-rated U.S. and Bermuda reinsurers generated a fifth-straight year of underwriting profitability, even as premium growth fell sharply, according to a new AM Best report. The Best’s Market Segment Report, “US & Bermuda Reinsurers Maintain Strong Performance Despite Softening Market,” is part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM Best’s ranking...