Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to ten classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2026-6 (AOMT 2026-6), a $250.6 million non-prime RMBS transaction. The underlying collateral, comprised of 381 residential mortgages, and includes a meaningful concentration of collateral that KBRA considers to be “non-prime.” All the loans are either classified as non-qualified mortgages (62.8%) or exempt (37.2%) from the Ability-to-Repay/Qualified Mortgage r...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a rating of BBB with a Stable Outlook to the $500 million senior unsecured notes issued by Cantor Fitzgerald, L.P. (“Cantor”, "CFLP", or “the firm”) with a final maturity date of October 15, 2029. The proceeds will be used to refinance existing senior unsecured debt of $350 million that was scheduled to mature on April 14, 2027 and for general corporate purposes. Domiciled in New York, NY, Cantor is a privately held capital markets, investment banking, an...

MEXICO CITY--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of BTG Pactual Resseguradora S.A. (BTG Re) (São Paulo, Brazil) and BTG Pactual Seguros S.A. (BTG Seguros) (São Paulo, Brazil). Concurrently, AM Best has affirmed the Brazil National Scale Rating (NSR) of “aaa.BR” (Exceptional) of BTG Re and BTG Seguros. The outlook of this NSR is stable. The Credit...

MEXICO CITY--(BUSINESS WIRE)--AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Austral Resseguradora S.A. and Austral Seguradora S.A. (Austral Seg). Concurrently, AM Best has placed under review with developing implications the Long-Term ICR of “bbb-” (Good) of Austral Participações S.A. All companies are domiciled in Brazil and collectively referred to as A...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has maintained the under review with negative implications status for the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) for the members of Curi Insurance Group (Curi) (Raleigh, NC). (Please see below for the list of Curi members and Credit Ratings [ratings].) The ratings reflect Curi’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating...

MEXICO CITY--(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 Sura Re Ltd. (Sura Re) (Bermuda). The outlook of the FSR is stable.The Credit Ratings (ratings) reflect Sura Re’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and ap...

HONG KONG--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Luen Fung Hang Insurance Company Limited (LFH) (Macau). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect LFH’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. LFH’s risk-adjusted capita...

SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules,” “Hercules Capital,” 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 affirmed Hercules’ investment grade corporate and unsecured credit rating of BBB-, and affirmed the Company’s sec...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 60 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-S1 (SEMT 2026-S1), a prime RMBS transaction collateralized by 699 mostly seasoned fixed-rate residential mortgage loans with an aggregate scheduled principal balance of approximately $341.7 million. 100% of the pool has been designated as a Qualified Mortgage (QM). KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 13 classes of mortgage-backed notes from OBX 2026-NQM16 Trust, a $750.1 million non-prime RMBS transaction. The underlying collateral, comprising 1,446 residential mortgages, with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 93.6% and 6.4% of the pool, respectively. All of the loans are either classified as non-qualified mortgages (Non-QM; 32.9%) or exempt (53.9%) from the Ability-to-Repay/Qualif...