Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns a rating of BBB- to MSC Income Fund, Inc.'s (NYSE: MSIF or “the company”) $150 million, 6.34% senior unsecured notes due 2029. The rating Outlook is Stable. The proceeds will be used for repayment of existing secured indebtedness. Key Credit Considerations The rating is supported by MSIF’s well diversified $1.3 billion investment portfolio spread among 150 portfolio companies (including equity investments) across 30+ industries as of 4Q25, with ~77% of it...

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Mexico National Scale Rating of “aa.MX” (Superior) of Fianzas Avanza S.A de C.V. (Fianzas Avanza) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Fianzas Avanza’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business pr...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Amica Mutual Insurance Company (Amica Mutual) and its wholly owned subsidiary, Amica Property and Casualty Insurance Company (together known as Amica Mutual Group or Amica). At the same time, AM Best has revised the outlooks to stable from negative and affirmed the...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 23 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-MED1 (SEMT 2026-MED1). SEMT 2026-MED1 represents the first publicly-rated RMBS backed by loans originated pursuant to Physician or Doctor Loan underwriting programs. These loans, which KBRA generally refers to as Medical Professional Mortgages (MPM), typically originated through specialized prime mortgage programs designed for borrowers in the healthca...

NEW YORK--(BUSINESS WIRE)--KBRA releases research that explores the potential credit implications of the war in Iran, examining both the near-term implications and the potential ramifications of a prolonged conflict. The most immediate risks stem from the disruption to traffic through the Strait of Hormuz, alongside broader operational disruption and security risks in the region. Direct exposure across KBRA-rated transactions is limited, although a prolonged conflict could, over time, weaken ma...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with developing implications and downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings to “a+” (Excellent) from “aa-” (Superior) of Banner Life Insurance Company (Frederick, MD) and William Penn Life Insurance Company of New York (New York, NY) collectively referred to as Banner Life Group (Banner). The outlook assigned to these Credit Ratings (ratings) is stable....

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 Mereo Insurance Limited (Mereo) (Hamilton, Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Mereo’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 ratings a...

NEW YORK--(BUSINESS WIRE)--KBRA releases its updated Investment Fund Debt Global Rating Methodology describing KBRA’s approach to rating debt issued by investment funds or secured by investment fund assets. This methodology supersedes the prior version dated March 12, 2020. The update includes the addition of two appendices to enhance transparency regarding the application of the methodology. Appendix A explains how KBRA uses guideline quantitative determinant weightings to facilitate ratings c...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to two additional classes of notes from Flexential Issuer, LLC and Flexential Co-Issuer, LLC (together, the Co-Issuers), Series 2026-3 and Series 2026-4, including five classes of notes from Series 2026-1 and Series 2026-2 (together, Series 2026-1/2/3/4). The Notes are secured by 28 data centers generating approximately $663.3 million of Annualized Revenue and $353.2 million of Annualized Adjusted Net Operating Income (AANOI) as of the...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 102 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-4 (SEMT 2026-4), a $742.1 million prime RMBS transaction. The pool is comprised of 598 first-lien, fully amortizing fixed rate mortgages with mostly 30-year maturity terms. The collateral is characterized by a weighted average (WA) original credit score of 778 and moderate borrower equity, with a WA original LTV of 69.9% and WA original CLTV of 69.9%....