Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of A with a Stable Outlook to the City of St. Louis, Missouri (the City) Airport Revenue Bonds Series 2026A (Federally Taxable), Series 2026B (AMT), and Series 2026C (Non-AMT) issued for St. Louis Lambert International Airport (the Airport). Concurrently, KBRA assigns an A rating to the City's outstanding Airport Revenue Bonds. Proceeds of the Series 2026 Bonds to 1) finance elements of the Airport’s fiscal year (FY) 2027 – 2032 capital...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA- to the Metropolitan Pier and Exposition Authority (Illinois) (the Authority) McCormick Place Expansion Project Refunding Bonds, Series 2026A. Concurrently KBRA affirms the AA- rating on the Authority's outstanding McCormick Place Expansion Project Bonds. The Outlook is Stable. Proceeds of the Series 2026A Bonds will refinance certain outstanding bonds of the Authority; fund capitalized interest on the Series 2026A bonds and pay t...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 71 classes of mortgage-backed notes from AHMC 2026-CNF1 Trust, AmeriHome Mortgage Company, LLC’s inaugural prime agency-eligible RMBS transaction. The transaction is sponsored and serviced by AmeriHome Mortgage Company, LLC (AmeriHome) and is comprised of 733 residential mortgage loans with an aggregate unpaid principal balance (UPB) of approximately $394.8 million as of the September 1, 2026 cut-off date. The underlying collateral...

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 Ratings (Long-Term ICRs) of “a-” (Excellent) of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper) [NYSE: KMPR], collectively referred to as Kemper Property & Casualty Group (Kemper P&C or the group). AM Best also has revised the outlooks to negative fro...

NEW YORK--(BUSINESS WIRE)--KBRA assigns long-term ratings to the Pennsylvania Turnpike Commission: Turnpike Revenue Bonds, Series B of 2026 (AA-); Turnpike Subordinate Revenue Refunding Bonds, Third Series of 2026 (A+); and, Motor License Fund-Enhanced Turnpike Subordinate Special Revenue Refunding Bonds, Second Series of 2026 (AA-). KBRA additionally affirms the long-term ratings on the Commission's: Turnpike Revenue Bonds (AA-); Turnpike Subordinate Revenue Bonds (A+); and, Motor License Fund...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA- to the Rio Rancho Public School District No. 94 (the District), NM, General Obligation School Bonds, Series 2026. In addition, KBRA assigns a long-term of AA- rating to outstanding parity debt. The Outlook is Stable. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives A growing tax base and favorable economic profile. Strong State oversight in the budgetary proces...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to HS Issuer, LLC, Series 2026-1/2/3 (HS 2026-1/2/3 or the Series 2026-1/2/3 Notes), a service contract securitization that is primarily collateralized by home infrastructure plan agreements. HS 2026-1/2/3 represents HS Issuer, LLC’s (the Master Issuer) inaugural securitization. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes subject to certain condi...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 14 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-HYB3 (SEMT 2026-HYB3), a prime RMBS transaction comprising 537 hybrid adjustable-rate mortgages (ARMs) with an aggregate principal balance of $534.6 million. The top originators of this transaction are Rocket Mortgage, LLC (31.3%) and Cornerstone Home Lending, Inc. (15.0%). KBRA’s rating approach incorporated loan-level analysis of the mortgage pool th...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A++ (Superior) and a Long-Term Issuer Credit Rating of “aaa” (Exceptional) to USAA Falcon Property & Casualty Insurance Company (USAA Falcon) (San Antonio, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings of USAA Falcon reflect USAA Group’s (USAA) consolidated balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favor...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to notes issued by OnDeck Asset Securitization IV, LLC (“ODAS IV” or the “Issuer”). ODAS IV will issue four classes of Series 2026-1 Notes (“ODAS IV 2026-1”) totaling $500.02 million. On Deck Capital Inc., which was founded in 2006, and ODK Capital, LLC, a wholly owned subsidiary of Enova International, Inc. formed in December 2020, (collectively “OnDeck” or the “Company”) operates through an online lending platform (www.ondeck.com) (t...