Bond & Stock Rating News

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will participate in a panel discussion at the Casualty Actuarial Society’s (CAS) Seminar on Reinsurance, which will take place May 31-June 2, 2026, in Philadelphia, PA. Greg Dickerson, director, AM Best, will join a session on Tuesday, June 2, titled, “Rating Agency Update,” which will provide an update on the U.S. property/casualty and global reinsurance segments. During the session, Dickerson will share his perspectives on industry trends, including pri...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 69 classes of mortgage pass-through notes from OBX 2026-INV4 Trust, a prime RMBS transaction secured primarily by second homes (25.8%) and investment properties (74.2%), collectively, non-owner occupied or “NOO” properties. The underlying collateral consists of 1,322 fixed-rate mortgages (FRMs) with an aggregate unpaid principal balance (UPB) of approximately $517.7 million as of the May 1, 2026 cut-off date. Approximately 93.1% of...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to five classes of notes issued by RKTL 2026-2, an asset-backed securitization collateralized by unsecured consumer loans. This transaction represents RockLoans Marketplace LLC (“Rocket Loans”, or the “Company”)'s fourth 144A unsecured consumer loan ABS securitization. RKTL 2026-2 is expected to issue five classes of notes totaling $390.279 million. Initial credit enhancement consists of overcollateralization (“O/C”), subordination (ex...

AMSTERDAM--(BUSINESS WIRE)--AM Best has revised its outlook on France’s non-life insurance segment to stable from negative, reflecting top-line growth supported by rate increases, as well as technical profitability in spite of competitive pressures. In its new Best’s Market Segment Report, “Market Segment Outlook: France Non-Life Insurance”, AM Best states that it expects that French non-life insurers’ top line will continue to grow over the next 12 months, driven by rate adjustments to offset...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a preliminary rating to FTAI MRE 2026-1 Cayman Limited and FTAI MRE 2026-1 US LLC (MRE 2026-1), an aviation ABS transaction. MRE 2026-1 represents the first aviation ABS transaction sponsored by FTAI Aviation (FTAI, or the Company). MRE 2026-1 will be serviced by FTAI Aircraft Leasing LLC, FTAI Aircraft Leasing DAC, and FTAI AirOpCo UK Ltd (FTAI Aircraft Leasing, or the Servicers), which is a wholly owned subsidiary of FTAI Aviation. The Company has a $25...

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) announced today that it has priced its previously announced offering of $600.0 million aggregate principal amount of 6.375% senior notes due 2034 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed by each of Granite’s existing and future domestic subsidiaries that is a borrower or gua...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to the Series 2026-1 Class A-2 Notes, Class B Notes, and Class C Notes (the Series 2026-1 Notes) from ALLO Issuer, LLC, (the Issuer), a communications infrastructure securitization. ALLO 2026-1 represents ALLO Issuer, LLC’s (the Issuer) fourth securitization following the initial Series 2023-1 Notes. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes su...

NEW YORK--(BUSINESS WIRE)--KBRA releases its latest 12 Things in Credit report, highlighting timely credit market themes drawn from our weekly podcast, 3 Things in Credit, hosted by KBRA’s Chief Strategist, Van Hesser. Among the wide-ranging topics Van discusses in this issue are the strength of the rebound in job creation, the surge in corporate earnings growth, and changing risk narratives due to improved visibility. Each Friday, the podcast covers three Things impacting credit that market pa...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes of notes issued by GreenSky Home Improvement Issuer Trust 2026-REV1 ("GSKY 2026-REV1"), an asset-backed securitization collateralized by a pool of consumer loans used for home improvements. GSKY 2026-REV1 represents the tenth rated 144A securitization of home improvement loans originated through the lending program administered by GreenSky, LLC (“GreenSky” or the “Company”) on behalf of federally-insured, federal or sta...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the State of Connecticut Special Tax Obligation Refunding Bonds, Transportation Infrastructure Purposes, 2026 Series A and affirms the AAA long-term rating for outstanding Special Tax Obligation Bonds, Transportation Infrastructure Purposes. The rating Outlook is Stable. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives Diverse pledged revenue sources provide a stabl...