Bond & Stock Rating News

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Jet Insurance Company (Jet) (Charlotte, NC), following the close of the acquisition of Jet by Amherst Specialty Insurance Company (ASIC) on Dec. 15, 2025. Jet provides property/casualty coverage, primarily surety bonds, in the admitted market and is joining ASIC as a 100% wholly owned subsidiary...

NEW YORK--(BUSINESS WIRE)--KBRA upgrades the long-term rating on Metropolitan Nashville Airport Authority's (MNAA) Senior Lien Airport Improvement Revenue Bonds to AA and the long-term rating on Subordinate Lien Airport Revenue Bonds to AA-. Concurrently, KBRA assigns a long-term rating of AA to MNAA's Series 2026A (non-AMT), 2026B (AMT), 2026C (non-AMT), and 2026D (AMT). The Outlook on all debt is Stable. The rating upgrades reflect the strength of Nashville International Airport’s (BNA's or t...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the Dallas Independent School District, TX: Unlimited Tax School Building Bonds, Series 2026A; and Variable Rate Unlimited Tax School Building Bonds, Series 2026B. KBRA additionally affirms the long-term rating of AAA for the District's outstanding Unlimited Tax Bonds (PSF) and Unlimited Tax Bonds (Non-PSF). The Outlook for each obligation is Stable. The Series 2026A and 2026B Bonds have received conditional approval for and a...

NEW YORK--(BUSINESS WIRE)--On December 18, 2025, Burke & Herbert Financial Services Corp. (NASDAQ: BHRB) (KBRA senior unsecured rating of BBB / Stable Outlook), the parent company of Burke and Herbert Bank and Trust Company, announced a definitive merger agreement with LINKBANCORP, Inc. (NASDAQ: LNKB), the parent company of LINKBANK, pursuant to which BHRB will acquire LNKB in an all-stock transaction. The transaction, which had an estimated value of approximately $354 million, is expected...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 11 classes of mortgage pass-through notes from J.P. Morgan Mortgage Trust 2025-12MPR (JPMMT 2025-12MPR). The pool comprises 344 first-lien, fixed rate residential mortgage loans with an aggregate principal balance of $449.5 million as of the cut-off date. The pool includes both non-agency (91.3%) and agency-eligible (8.7%) loans. The weighted average original credit score is 758, which is well within the prime mortgage range. KBRA’s...

OLDWICK, N.J.--(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 of “a-” (Excellent) of Vantage Risk Ltd. (Bermuda) and its affiliates, Vantage Risk Specialty Insurance Company and Vantage Risk Assurance Company (both domiciled in Wilmington, DE), which do business as Vantage Group. These Credit Ratings (ratings) reflect Vantage Group’s balance sheet strength, which AM Best assess...

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Abu Dhabi National Takaful Company P.S.C. (ADNTC) (United Arab Emirates) [UAE]. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect ADNTC’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. A...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Prismic Life Reinsurance, Ltd. (Prismic Life Re). In addition, AM Best has assigned an FSR of A- (Excellent) and a Long-Term ICR of “a-” (Excellent) to Prismic Life Reinsurance International, Ltd. (PL Re International) (both domiciled in Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. The...

MEXICO CITY--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of Seguros e Inversiones, S.A. (SISA) (El Salvador). The outlooks of these Credit Ratings (ratings) have been revised to stable from positive. The ratings reflect SISA’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York (Purchase, NY), and its direct parent, Brooke Life Insurance Company. These companies together are referred to as Jackson National Group (JNG). Concurrently, AM B...