Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term AA rating to the City of Chicago (the City) Water Revenue Bonds Project Series 2026A, Refunding Series 2026B (Forward Delivery), and Refunding Series 2026C (the Bonds). Concurrently, KBRA affirmed the AA rating for the City's outstanding Water Revenue Bonds. The Outlook is Stable. The Bonds are limited obligations of the City, secured by a pledge of and lien on, and payable solely from, the Net Revenues of the City's Water System (the System)....

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2026-NQM5 (NRMLT 2026-NQM5), a $471.1 million non-prime RMBS transaction sponsored by Rithm Capital Corp. (formerly New Residential Investment Corp.), a publicly traded (NYSE: RITM) real estate investment trust (REIT). The underlying mortgages in the subject pool were primarily originated by NewRez LLC (47.4%) and Champions Funding, LLC (21.2%). In addition...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to MTP ABS Funding, LLC, Series 2026-1 (the "Series 2026-1 Notes"), consisting of Class A-1-V Notes, Class A-2 Notes, and Class B Notes, a communications infrastructure securitization that is primarily collateralized by ground leases and rooftop easements underlying or related to wireless infrastructure and related contracts. The Series 2026-1 Notes issued by MTP ABS Funding, LLC represent the first public securitization for the Issuer...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will be exhibiting at Buffalo I-Day 2026 in Buffalo, New York, on April 23. AM Best representatives, including Senior Account Managers Kellie Bodmer and Patrick McCahill and Product Manager Zachary Micciche, will be available at booth 94 to discuss the company’s full line of products, including: Best’s Insurance Reports: Enhance top-level research and support intelligent decision-making with AM Best’s insight into the financial performance of insurance co...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will speak and exhibit at RISKWORLD—the RIMS 2026 Annual Conference and Exhibition—with sessions that will focus on the state of the global reinsurance market and the impact of social inflation on insurers. The risk management event takes place May 3–6, 2026, at the Philadelphia Convention Center in Philadelphia, PA. On Monday, May 4, from 2:50-3:20 p.m. EDT, Dan Hofmeister, associate director, AM Best, will give a presentation titled, “Hard Market Reset:...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to ALTDE 2026-1 Trust (ALTDE 2026-1), an aviation ABS transaction. ALTDE 2026-1 represents the second issuance serviced by Altavair L.P. and Altavair Limited (together, Altavair, the Company or the Servicers). Altavair was founded in 2003, and through a joint venture with KKR Credit Advisors (US) LLC (KKR) in 2018, has a managed portfolio of approximately $5.3 billion across more than 120 aircraft. KKR funds will retain the equity posi...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a preliminary rating to one class of notes that will be issued by Canon Music Issuer Trust, a music royalty ABS securitization. Canon Music Issuer Trust represents Chord Music Partner's first music royalty securitization. The transaction will be collateralized by royalties from a music catalog of premium content from top artists and songwriters, including Suicide Boys, Morgan Wallen, Ryan Tedder, Diplo, and ZZ Top, which are among the largest in the Catal...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the County of Buncombe, NC General Obligation Bonds, Series 2026A, and Taxable General Obligation Bonds, Series 2026B. KBRA also assigns a long-term rating of AA+ to the County of Buncombe, NC Limited Obligation Bonds Series 2026A, Series 2026B, and Taxable Series 2026C. KBRA additionally affirms the long-term ratings of AAA for the County's outstanding General Obligation Bonds and AA+ for the County's outstanding Limited Obli...

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-” (Excellent) and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Seguros El Potosí, S.A. (El Potosí) (San Luis Potosi, Mexico). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect El Potosí’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of the members of Government Employees Group (GEICO) (Chevy Chase, MD). The outlook of these Credit Ratings (ratings) is stable. These companies are collectively referred to as GEICO. (See below for a detailed list of the companies and ratings.) The ratings of GEICO reflect the group’s balance sheet strength, wh...