Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA is pleased to announce the assignment of preliminary ratings to eight classes of AREIT 2026-CRE12, a managed CRE CLO securitization with the ability to reinvest principal proceeds for 30 months. The transaction will initially be collateralized by 17 mortgage loans with an aggregate cutoff date in-trust balance of $751.8 million and $57.0 million of cash collateral for the acquisition of two pre-identified delayed close assets. Additionally, the transaction provid...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 67 classes of mortgage pass-through notes from OBX 2026-J2 Trust, a $334.8 million prime RMBS transaction. The underlying collateral, comprising 270 fixed-rate, fully amortizing loans is characterized by moderate borrower equity, as evidenced by the WA original LTV of 70.4%, and has a WA original credit score of 781. KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Ceres Life Insurance Company (Ceres Life) (Austin, TX). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Ceres Life’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). Ceres Life’s...

NEW YORK--(BUSINESS WIRE)--KBRA assigns an A- insurance financial strength rating (IFSR) to TruSpire Retirement Insurance Company (“TruSpire”). The Outlook for the rating is Stable. Key Credit Considerations The rating reflects TruSpire’s strong current capitalization relative to its legacy run-off block, unlevered statutory capital base, conservative and liquid investment portfolio, sound legacy asset adequacy results, and defined capital, liquidity, asset liability management, and risk govern...

NEW YORK--(BUSINESS WIRE)--KBRA assigns an A- insurance financial strength rating (IFSR) to Malibu Life Reinsurance SP 1 (Malibu Life Re SP1), a segregated portfolio established by Malibu Life Reinsurance SPC for the benefit of a single reinsurance counterparty. The Outlook for the rating is Stable. Key Credit Considerations The rating reflects strong contractual and collateral protections, satisfactory risk-based capitalization, favorable financial flexibility, a strong liquidity and ALM profi...

LONDON--(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 Through Transport Mutual Insurance Association Limited (TTB) (Bermuda) and its subsidiaries, TT Club Mutual Insurance Limited (TTI) (United Kingdom) and TT Club Mutual Insurance N.V. (TTNV) (Netherlands). TTB, TTI and TTNV are collectively known as the TT Club. The actions on the Credit Ratings (rating...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company and Safety Northeast Insurance Company. Collectively, these companies are referred to as Safety Group. At the same time, AM Best has revised the outlook to negativ...

LONDON--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Harel Insurance Company Ltd. (Harel Insurance) (Israel), the main operating subsidiary of Harel Insurance Investments & Financial Services Ltd (Harel). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Harel’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating perf...

NEW YORK--(BUSINESS WIRE)--KBRA affirms the 'AAA' ratings assigned to the Senior Notes and affirms the 'A+' ratings assigned to the Mandatory Redeemable Preferred Shares ("MRPS") issued by Tortoise Energy Infrastructure Corp. (the "Fund" or "TYG") managed by Tortoise Capital Advisors L.L.C. ("Tortoise"). Additionally, KBRA assigns a 'AAA' rating to Senior Notes Series XX and Series YY and an 'A+" rating to MRPS Series K and Series L. The Outlook for all ratings is Stable. The Fund is registered...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to six classes of notes issued by Veros Auto Receivables Trust 2026-2 (“VEROS 2026-2”), an auto loan ABS transaction. This transaction represents Veros Credit LLC (“Veros” or the “Company”) second term ABS securitization of 2026 and tenth overall. VEROS 2026-2 will issue six classes of notes totaling $235.20 million. The notes are collateralized by a pool of auto loan contracts originated on an indirect basis mainly through independent...