Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended September 30, 2025, and 2026 Outlook. In this quarter’s Compendium, KBRA reviews the financial performance of our rated business development companies (BDCs) in a landscape characterized by ongoing competitive pressures, declining but still high base interest rates, and distribution yield preservation. Credit performance across KBRA’s rated BDC universe rema...

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 SteadPoint Insurance Company (SteadPoint) (Nashville, TN). The Credit Ratings (ratings) reflect SteadPoint’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (E...

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 Aseguradora Agricola Comercial, S.A. (ACSA) (El Salvador). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect ACSA’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The stable outloo...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 71 classes of mortgage-backed notes from GCAT 2025-INV5 Trust. The GCAT 2025-INV5 mortgage loans are secured by first liens on non-owner occupied (NOO) investor properties and second homes. The loans were primarily underwritten to agency guidelines. The pool comprises 913 first-lien, fixed rate residential mortgage loans as of the cut-off date. The pool is characterized by moderate borrower equity in each mortgaged property, as evid...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the $102.5 million, 6% surplus notes, due June 2038, issued by Victor Insurance Exchange (Wilmington, DE). The outlook assigned to this Credit Rating (rating) is stable. As a start-up organization in 2023, the exchange utilized the surplus notes provided by its financial sponsor, Gallatin Point Capital, as its initial capitalization. Over the first five years of operation, capital is expected...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to three classes of notes issued by OWN Equipment Fund III LLC (OWN or the Issuer), an equipment rental ABS transaction. The transaction represents EquipmentShare.com Inc’s (EQS, Company, Equipment Manager or Co-Sponsor) fourth equipment rental ABS transaction as Equipment Manager and third as Co-Sponsor. The other co-sponsor will be OWN Tactical Equipment III LLC (OWN Tactical or Managing Investor), a newly formed HoldCo managed by Mi...

OLDWICK, N.J.--(BUSINESS WIRE)--The December issue of Best’s Review presents coverage of the top auditors and actuaries, as well as industry trends: “Top Audit and Actuarial Firms” presents exclusive rankings of independent accountants and third-party actuaries. “New Actuarial Guideline To Affect Offshoring Life Reinsurance Disclosure” explores how auditors and actuaries are preparing for 2026’s challenges including new guidelines, health care inflation, cryptocurrency and cybersecurity. Also i...

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 Inbursa, S.A. Grupo Financiero Inbursa (Seguros Inbursa) (Mexico). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Seguros Inbursa’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neu...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Ategrity Specialty Insurance Company (ASIC) and its affiliate, Ategrity Specialty Insurance Limited (ASIL). Concurrently, AM Best has revised the outlook to positive from stable and affirmed the Long-Term ICR of “bbb-” (Good) of the holding company, Ategrity Specialty I...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Kansas City Life Insurance Company (Kansas City Life) [OTCQX: KCLI]. At the same time, AM Best downgraded the FSR to B+ (Good) from B++ (Good) and the Long-Term ICR to “bbb-” (Good) from “bbb” (Good) of Grange Life Insurance Company (Grange Life) (Columbus, OH). Th...