Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to ALTDE 2026-1 Trust (ALTDE 2026-1), an aviation ABS transaction. ALTDE 2026-1 represents the second issuance serviced by Altavair L.P. and Altavair Limited (together, Altavair, the Company or the Servicers). Altavair was founded in 2003, and through a joint venture with KKR Credit Advisors (US) LLC (KKR) in 2018, has a managed portfolio of approximately $5.3 billion across more than 120 aircraft. KKR funds will retain the equity posi...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a preliminary rating to one class of notes that will be issued by Canon Music Issuer Trust, a music royalty ABS securitization. Canon Music Issuer Trust represents Chord Music Partner's first music royalty securitization. The transaction will be collateralized by royalties from a music catalog of premium content from top artists and songwriters, including Suicide Boys, Morgan Wallen, Ryan Tedder, Diplo, and ZZ Top, which are among the largest in the Catal...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the County of Buncombe, NC General Obligation Bonds, Series 2026A, and Taxable General Obligation Bonds, Series 2026B. KBRA also assigns a long-term rating of AA+ to the County of Buncombe, NC Limited Obligation Bonds Series 2026A, Series 2026B, and Taxable Series 2026C. KBRA additionally affirms the long-term ratings of AAA for the County's outstanding General Obligation Bonds and AA+ for the County's outstanding Limited Obli...

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-” (Excellent) and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Seguros El Potosí, S.A. (El Potosí) (San Luis Potosi, Mexico). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect El Potosí’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business...

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 “aaa” (Exceptional) of the members of Government Employees Group (GEICO) (Chevy Chase, MD). The outlook of these Credit Ratings (ratings) is stable. These companies are collectively referred to as GEICO. (See below for a detailed list of the companies and ratings.) The ratings of GEICO reflect the group’s balance sheet strength, wh...

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B (Fair), the Long-Term Issuer Credit Rating of “bb+” (Fair) and the Mexico National Scale Rating of “a+.MX” (Excellent) of Momento Seguros, S.A de C.V. (Momento) (Mexico). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Momento’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise r...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a preliminary rating to one class of notes issued by BHG Securitization Trust 2026-1CON (“BHG 2026-1CON”), an asset-backed securitization collateralized by a pool of unsecured consumer loans (“Consumer Loans”). BHG 2026-1CON will issue five classes of notes totaling $396.0 million. The preliminary rating reflects the initial credit enhancement level of 50.00% for the Class A notes. BHG 2026-1CON represents the 12th term ABS securitization for the Bankers...

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 “aaa” (Exceptional) of National Indemnity Company (Omaha, NE) and its affiliates (collectively referred to as National Indemnity). These companies are subsidiaries of the ultimate parent, Berkshire Hathaway Inc. (Berkshire) [NYSE: BRK A and BRK B]. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed l...

LONDON--(BUSINESS WIRE)--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of the Joint-Stock Company Subsidiary of Halyk Bank of Kazakhstan Halyk Insurance Company (Halyk Insurance) (Kazakhstan). The outlook of the FSR is stable. These Credit Ratings (ratings) reflect Halyk Insurance’s balance sheet strength, which AM Best assesses as...

LONDON--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of the rated operating subsidiaries of SiriusPoint Ltd. (SiriusPoint) (Bermuda) [NYSE: SPNT]. Additionally, AM Best has upgraded the Long-Term ICR to “bbb” (Good) from “bbb-” (Good) of SiriusPoint, which is a non-operating holding company. (See below for a detailed listing of the companie...