Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 13 classes of mortgage-backed notes from OBX 2026-NQM7 Trust, a $932.4 million non-prime RMBS transaction. The underlying collateral, comprising 1,667 residential mortgages, with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 91.9% and 8.1% of the pool, respectively. A majority of the loans are either classified as non-qualified mortgages (Non-QM; 43.3%) or exempt (48.8%) from the Ability-to-Repay/...

NEW YORK--(BUSINESS WIRE)--KBRA releases research discussing the impact of the One Big Beautiful Bill Act’s (OBBBA) effect on states and how they are positioned to address oncoming challenges. A history of state balances is reviewed and juxtaposed against estimated cost shifts related to the Supplemental Nutrition Assistance Program (SNAP). KBRA has analyzed the potential credit impacts of the changing relationship between the federal government and state and local governments, across multiple...

OLDWICK, N.J.--(BUSINESS WIRE)--Pressured in part by rising claims severity and social inflation, the U.S. medical professional liability (MPL) segment reported another year of increased underwriting losses as direct premium growth slowed, according to a new AM Best report. The Best’s Market Segment Report, “Challenges Persist for the MPL Market; Insurers Focus on Pricing Integrity and Strategic Risk Management,” notes a collective underwriting loss of $712 million in 2025 from insurers that pr...

NEW YORK--(BUSINESS WIRE)--KBRA releases the April 2026 issue of CMBS Trend Watch. Commercial mortgage-backed securities (CMBS) private label issuance began to gather steam again in April as deals that were delayed due to geopolitical events came to market. While geopolitical concerns still exist, spreads have tightened and it appears that market sentiment has improved. In addition, with the Federal Reserve leaving interest rates unchanged in April, rate stability could boost issuance. In April...

NEW YORK--(BUSINESS WIRE)--KBRA releases a recap of its RMBS Breakfast Forum: Outlook, Products, and Performance Drivers, an event focused on the key trends shaping today’s U.S. residential mortgage-backed securities (RMBS) market. The breakfast, which was held on May 5, brought together market participants from across the RMBS ecosystem for a series of panels covering prime, Agency credit risk transfer (CRT), second lien, non-qualified mortgage (QM), investor debt service coverage ratio, and r...

BELO HORIZONTE, Brazil--(BUSINESS WIRE)--Afya Limited (Nasdaq: AFYA; B3: A2FY34) (“Afya” or the “Company”), the leading medical education group and medical practice solutions provider in Brazil, announced today that Moody’s reaffirmed Afya’s credit rating at AAA.br and maintained a stable outlook. The reaffirmation of Afya’s AAA.br rating and stable outlook reflects revenue growth, a track record of above-industry-average margins, very strong credit metrics, exceptional cash generation, and rob...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes of notes issued by Hildene TruPS Securitization 7, Ltd. (HITR7), a securitization backed by a portfolio of bank and insurance TruPs CDO assets. HITR7 is expected to have an initial collateral par value of $336.5 million from 58 obligors (60 assets) and total liabilities of $302.8 million. The transaction is static although Hildene Structured Advisors, LLC (Hildene), the named collateral manager and affiliate of Hildene...

NEW YORK--(BUSINESS WIRE)--KBRA releases research on enterprise fiber, a growing segment of the fiber asset-backed securities (ABS) market. Since KBRA rated the first public fiber-backed securitization, the market has expanded beyond residential broadband to include a broader range of enterprise (B2B) fiber services, including the first enterprise fiber transaction in Q1 2025. In that time, KBRA has rated 13 issuances totaling approximately $16 billion. While fiber-to-the-premises (FTTP) genera...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to positive from stable and affirmed the Performance Assessment (assessment) of PA-3 (Strong) of Redbridge Group, LLC (Redbridge) (Coral Gables, FL). The assessment reflects Redbridge’s strong underwriting capabilities, excellent governance and internal controls, strong financial condition, strong organizational talent and strong depth and breadth of relationships. The outlook revision to positive reflects AM Best’s expectation tha...

NEW YORK--(BUSINESS WIRE)--KBRA is pleased to announce the assignment of preliminary ratings to 16 classes of WFCM 2026-5C9, a $619.9 million CMBS conduit transaction collateralized by 29 commercial mortgage loans secured by 138 properties. The collateral properties are located throughout 70 MSAs, of which the three largest are Los Angeles (17.3% of pool balance), New York (11.8%), and Washington - NoVA - MD (9.4%). The pool’s three largest property type exposures are retail (22.9%), multifamil...