Bond & Stock Rating News

LONDON--(BUSINESS WIRE)--AM Best has assigned a Preliminary Credit Assessment (PCA) to Beazley Bermuda Insurance Limited (BBIL) (Bermuda) with a Financial Strength Assessment of A pca (Excellent) and a Long-Term Issuer Credit Assessment of “a+” pca (Excellent). The outlook assigned to the PCA is stable. The PCA reflects BBIL’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk man...

SINGAPORE--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good), and the Vietnam National Scale Rating of aaa.VN (Exceptional) of Post-Telecommunication Joint Stock Insurance Corporation (PTI) (Vietnam). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect PTI’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile a...

NEW YORK--(BUSINESS WIRE)--KBRA releases a report examining recent developments and emerging trends in data center project finance. Since KBRA’s prior research on the intersection of data centers and project finance, the sector has expanded rapidly, supported by artificial intelligence (AI), hyperscale cloud adoption, 5G, and the continued shift from on-premises IT infrastructure to outsourced capacity. KBRA has rated nearly $100 billion of data center-related debt during this period, with tran...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to two classes of notes (the Series 2026-1 Notes) from Databank Issuer, LLC and DatabankCo-Issuer, LLC Series 2026-1, a colocation data center ABS transaction. The transaction represents the fifth ABS issuance issued by DataBank Issuer, LLC and DataBank Co-Issuer, LLC. All series share in the same collateral pool, which will be increased with the additional collateral on the closing date of DB 2026-1. KBRA’s rating analysis incorporate...

NEW YORK--(BUSINESS WIRE)--KBRA announces the assignment of preliminary ratings to three classes of ARES 2026-GCP, a CMBS single-borrower securitization. The collateral for the transaction is a $430.0 million floating rate, interest-only mortgage loan. The loan is expected to have a two-year initial term with three, 12-month extension options and will require monthly interest-only payments based on one-month Term SOFR plus an assumed spread of 2.15%. The loan will be secured by the borrowers’ f...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 10 classes of mortgage-backed notes from BRAVO Residential Funding Trust 2026-NQM1 (BRAVO 2026-NQM1). The $401.4 million RMBS transaction is collateralized by a pool of 779 residential mortgages, with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 99.3% and 0.7% of the pool, respectively. Most loans are classified as exempt (48.5%) from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule due to b...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 21 classes of mortgage-backed notes from RCKT Mortgage Trust 2026-CES1 (RCKT 2026-CES1). RCKT Mortgage Trust 2026-CES1 (RCKT 2026-CES1) is a $548.3 million RMBS transaction, as of the cut-off date, sponsored by Woodward Capital Management LLC, a wholly owned affiliate of Rocket Mortgage, LLC, and CMF Loan I LLC, and consists entirely of newly originated closed-end second lien mortgages (CES; 100.0%). The underlying pool is seasoned...

NEW YORK--(BUSINESS WIRE)--KBRA releases a report which notes that the global life reinsurance landscape is one of exciting growth that is also tempered by a healthy dose of caution. While it appears that the excess mortality experienced during the pandemic has subsided, growth in asset-intensive reinsurance continues to accelerate which, we believe, is unlocking substantial pools of capital seeking attractive, uncorrelated returns to better address the retirement savings gap. Further, as the r...

NEW YORK--(BUSINESS WIRE)--KBRA releases research highlighting the refinancing experience of $59.3 billion in loans from conduit and single-asset single-borrower (SASB) commercial mortgage-backed securities (CMBS) transactions that matured in 2025, which was slightly more than the $56.2 billion that matured in 2024. For U.S. conduit and SASB CMBS loans with 2025 maturity dates, nearly 90%, by count, paid off. This reflects a modest increase from 2024, when 85.6% of maturing loans successfully r...

DUBLIN--(BUSINESS WIRE)--KBRA releases its 2026 European project finance and infrastructure (PF&I) Sector Outlook, examining themes that will likely take centre stage in 2026 as well as developments and ratings trends from 2025. The European PF&I sector displayed broadly stable credit quality in 2025, and KBRA expects continued stability in 2026. The credit backdrop is supported by modest yet stable economic growth, continued policy support for the renewable/digital transition, a stable...