Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 10 classes of mortgage-backed certificates from GS Mortgage-Backed Securities Trust 2026-NQM1 (GSMBS 2026-NQM1). GS Mortgage-Backed Securities Trust 2026-NQM1 (GSMBS 2026-NQM1), is a $410.6 million RMBS transaction sponsored by Goldman Sachs Mortgage Company (Goldman Sachs). The transaction is collateralized by a pool of 1,076 fixed-rate residential mortgages (FRM; 100.0%), and includes a meaningful concentration of collateral that...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA to the Chicago Transit Authority, IL's (CTA) Second Lien Sales Tax Receipts Revenue Project and Refunding Bonds, Series 2026A and Sales Tax Receipts Revenue Refunding Bonds, Series 2026B. Concurrently, KBRA affirms the AA rating on the CTA's outstanding Sales Tax Receipts Revenue Bonds (First Lien) and Second Lien Sales Tax Receipts Revenue Bonds. The Outlook for both liens remains Positive. Proceeds of the Series 2026A Bonds will...

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Rating of “aa+” (Superior) of Chubb Seguros Panama S.A. (Chubb Panama) (Panama City, Panama). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Chubb Panama’s strategic importance as a subsidiary of Chubb Limited (Chubb), which on a consolidated basis has a balance sheet strength that AM Best assesses at the strongest level, as well as its...

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 “aa+” (Superior) of the grouped subsidiaries of Chubb Limited (Chubb) (Zurich, Switzerland) [NYSE: CB]. These include Chubb’s rated U.S., Canada, Bermuda, Europe and Panama-based insurance and reinsurance subsidiaries (collectively Chubb Group of Insurance Companies, or Chubb Group). Concurrently, AM Best has affirmed the Long-Term...

NEW YORK--(BUSINESS WIRE)--KBRA is pleased to announce the assignment of preliminary ratings to 13 classes of BBCMS 2026-5C40, a $834.4 million CMBS conduit transaction collateralized by 44 commercial mortgage loans secured by 59 properties. The collateral properties are located throughout 25 MSAs, of which the three largest are Los Angeles (13.7%), New York (12.9%) and Las Vegas (9.0%). The pool has exposure to all major property types, with five types representing more than 10.0% of the pool...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA with a Stable Outlook to the State of Wisconsin General Obligation Bonds of 2026, Series A. Proceeds will be deposited in the State's Capital Improvement Fund and used to finance a range of authorized purposes and to pay the costs of issuance. Key Credit Considerations The rating action reflects the following key credit considerations: Credit Positives Strength and breadth of the G.O. pledge, coupled with liquidity and market acc...

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Barents Re Reinsurance Company, Inc. (Barents Re) (Cayman Islands) and its affiliate, Barents Reinsurance S.A. (Barents Re Lux) (Luxembourg). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Barents Re’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, ne...

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 Brit Reinsurance (Bermuda) Limited (Brit Re) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Brit Re’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 rating...

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 The Japan Ship Owners’ Mutual Protection & Indemnity Association (Japan P&I or the Club) (Japan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Japan P&I’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and ap...

NEW YORK--(BUSINESS WIRE)--KBRA announces the assignment of preliminary ratings to seven classes of ESA 2026-ESH2, a CMBS single-borrower securitization. The collateral for the transaction is a $1.87 billion floating rate, interest-only mortgage loan. The loan is expected to have an initial two-year term with three, one-year extension options and require monthly interest-only payments. The loan will be secured by the borrowers’ fee simple and leasehold interests in 196 hotels totaling 22,415 ke...