Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns a AA, Stable Outlook to University of North Texas System Board of Regents Revenue Financing System ("RFS") Refunding and Improvement Bonds Series 2025A and RFS Taxable Refunding and Improvement Bonds Series 2025B. Concurrently, KBRA assigns a AA, Stable Outlook to outstanding parity RFS Bonds previously issue by the Board on the System's behalf. RFS Obligations issued under the Master Resolution, including the Series 2025A and Taxable Series 2025B Bonds,...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of the operating subsidiaries of The Fortegra Group, Inc. (Fortegra) (headquartered in Jacksonville, FL). Fortegra is a wholly owned subsidiary of its publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. The property/casualty (P/C) operating subsidiaries of Fortegra include Lyndon Southern Insurance Compan...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company (Dallas, TX) (PrimeOne), a wholly own subsidiary of PrimeOne Insurance Group. The outlook of these Credit Ratings (ratings) has been revised to negative from stable. The ratings reflect PrimeOne’s balance sheet strength, which AM Best assesses as adequate, as well as its marginal o...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of North End Re Ltd. (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings were released publicly with an effective date of April 16, 2025. The ratings reflect North End Re Ltd.’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Knight Insurance Company Ltd. (Cayman Islands), KnightBrook Insurance Company, Knight Specialty Insurance Company (both of Wilmington, DE) and Guilderland Reinsurance Company (New York, NY). These companies collectively are referred to as Knight. The Credit Ratings (ratings) of Knight...

SAN MATEO, Calif.--(BUSINESS WIRE)--This press release corrects, replaces and entirely supersedes a prior version published on April 16, 2025. Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Fitch Ratings, Inc. (“Fitch”) has upgraded Hercules’ senior s...

NEW YORK--(BUSINESS WIRE)--KBRA resolves the Watch Downgrade placed on the rating of the Department of Water and Power of the City of Los Angeles (LADWP) Power System Revenue Bonds on January 16, 2025 and assigns a long-term rating of AA to the Power System Revenue Bonds, 2025 Series A, and Power System Revenue Bonds, 2025 Series B. The rating on outstanding Power System Revenue Bonds is affirmed at AA. The Outlook is Stable. The rating actions reflect KBRA’s view that i) LADWP’s service restor...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Loudoun Mutual Insurance Company (Loudoun) (Waterford, VA). The Credit Ratings (ratings) reflect Loudoun’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. T...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Stillwater Insurance Company (SIC) (Santa Barbara, CA) and its wholly owned subsidiary, Stillwater Property and Casualty Insurance Company (SPAC) (Jericho, NY). These companies are collectively known as Stillwater Insurance Group (Stillwater). The outlook of the FSR has been r...

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 Mozart Insurance, Ltd. (Mozart) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Mozart’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). The stable outlooks reflect Moza...