Bond & Stock Rating News

OLDWICK, N.J.--(BUSINESS WIRE)--Outbreaks of the Ebola virus and Andes hantavirus are putting a renewed focus on the insurance implications of rare communicable disease spreads and the need for proactive risk management, according to a new AM Best commentary. The Best’s Commentary, “Insurers Better Prepared For Rare Disease Outbreak Amid Lessons From COVID-19,” notes that health experts have said neither virus poses an immediate global threat nor is expected to spread anywhere near the scale of...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to three classes of notes (the “Notes”) issued by ByzFunder Asset Securitization I, LLC, Series 2026-1. ByzFunder NY LLC (“ByzFunder,” or the “Company”) is the Sponsor, Seller, and Servicer for ByzFunder Asset Securitization I, LLC, Series 2026-1. ByzFunder was founded in 2019 and is headquartered in New York, NY, with an additional office in Tampa, FL. The Company is a specialty finance company that provides working capital financing...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Desjardins Financial Security Life Assurance Company (DFS) (Lévis, Quebec, Canada). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect DFS’ balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk m...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a BBB+ Insurance Financial Strength Rating (IFSR) to Frontline Insurance Reciprocal Exchange (“FIRE” or the “Exchange”). The Outlook for the rating is Stable. Key Credit Considerations FIRE is a newly formed Florida-domiciled reciprocal insurer established to write admitted Florida residential property business, primarily homeowners and fire/dwelling coverage. The rating reflects adequate initial capitalization and manageable projected underwriting levera...

MARLBOROUGH, Mass.--(BUSINESS WIRE)--BJ’s Wholesale Club (NYSE: BJ) today announced that Fitch Ratings has assigned a first-time Long Term Issuer Default Rating of ‘BBB’ to the company. Fitch has also assigned BBB+ ratings to the company’s ABL revolving credit facility and secured term loan due 2029. The ratings carry a Stable Outlook. "Fitch’s investment-grade ratings reflect BJ’s continued growth and commitment to financial discipline,” said Laura Felice, Chief Financial Officer, BJ’s Wholesa...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 10 classes of mortgage pass-through notes from J.P. Morgan Mortgage Trust 2026-4MPR (JPMMT 2026-4MPR). The pool comprises 248 first-lien, fixed rate residential mortgage loans with an aggregate principal balance of $333.5 million as of the cut-off date. The pool includes both non-agency (93.9%) and agency-eligible (6.1%) loans. The weighted average original credit score is 760, which is well within the prime mortgage range. KBRA’s r...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term AA- rating to Miami-Dade County (the County), Florida, Aviation Revenue Refunding Bonds, Series 2026A (AMT) and Aviation Revenue Refunding Bonds Series 2026B (Non-AMT) issued for Miami International Airport (MIA). Concurrently, KBRA affirms the AA- rating on the County's approximately $5.1 billion Aviation Revenue Bonds outstanding. The Outlook remains Positive. Proceeds of the Series 2026 Bonds will be used to refund certain outstanding Aviat...

MERRILL, Wis.--(BUSINESS WIRE)--Church Mutual Insurance Company, S.I. (a stock insurer)1 today shared 2025 financial results for the Church Mutual family of companies at its annual policyholder meeting, reflecting continued financial strength and disciplined performance. 2025 Financial Highlights: Policyholder surplus of $805.5 million, an increase of $91.1 million from year-end 2024 Combined ratio of 99% Gross written premium of $1.21 billion Church Mutual also noted that AM Best has affirmed...

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 Nacional de Seguros S.A. Compañía de Seguros Generales (Nacional de Seguros) (Bogota, Colombia). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Nacional de Seguros’ balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the State of Maryland General Obligation Bonds, State and Local Facilities Loan of 2026, First Series Tax-Exempt Bonds (Competitive) and affirms the long-term rating of AAA for the State's outstanding General Obligation Bonds. The rating Outlook is Stable. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives Inherent strength and breadth of the State GO payment pledge E...