Bond & Stock Rating News

AMSTERDAM--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of AmTrust Assicurazioni S.p.A. (AmTrust Assicurazioni) (Italy). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect AmTrust Assicurazioni’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...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 100 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-7 (SEMT 2026-7), a $738.6 million prime RMBS transaction. The pool is comprised of 609 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 780 and moderate borrower equity, with a WA original LTV of 71.6% and WA original CLTV of 71.6%....

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Symetra Life Insurance Company and its subsidiary, First Symetra National Life Insurance Company of New York (New York, NY), together referred to as Symetra Life Group. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of Symetra Life Group’s parent, Symetra Financial Corporation. The outlook of the...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of CopperPoint Insurance Company (CopperPoint) (Phoenix, AZ) and its wholly owned subsidiaries remain unchanged following the recent announcement of a transaction to acquire United Casualty and Surety Insurance Company (UCS) (Omaha, NE). On May 18, 2026, Boston Omaha Corporation (NYSE:BOC) announced that it has enter...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A++ (Superior) and a Long-Term Issuer Credit Rating of “aa+” (Superior) to Park Avenue Life Insurance Company (PALIC) (Wilmington, DE). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect PALIC’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and very strong enterprise risk management (ERM). Th...

SINGAPORE--(BUSINESS WIRE)--AM Best has maintained its outlook on the Philippines’ non-life insurance segment at stable, citing in part robust growth prospects for the industry driven by economic expansion and a pipeline of large domestic infrastructure projects. In its new Best’s Market Segment Report, “Market Segment Outlook: Philippines Non-Life Insurance,” AM Best also takes note of the country’s stabilised reinsurance capacity, the emergence of insurance pools to support underwriting capac...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA with a Stable Outlook to the New Mexico Finance Authority State Transportation Revenue Bonds (State Transportation Commission - Subordinate Lien), Series 2026A. Concurrently, KBRA affirms the long-term rating of AAA with a Stable Outlook on the outstanding New Mexico Finance Authority State Transportation Revenue Bonds (State Transportation Commission - Senior Lien and Subordinate Lien). Key Credit Considerations The rating actio...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 44 classes of mortgage-backed notes from PMT Loan Trust 2026-CNF5 (PMTLT 2026-CNF5), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-CNF5 comprises 574 agency-eligible, conforming mortgage loans with an aggregate stated principal balance of approximately $313.0 million as of the June 1, 2026 cut-off date. The underlying coll...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to notes issued Fora Financial Asset Securitization 2026 LLC (the “Issuer”). The Issuer will issue five classes of Notes (collectively, the “Notes” or “Series 2026-1 Notes”) totaling $130 million. The FFAS 2026-1 transaction is the fourth securitization for the Company. Fora Financial LLC founded in 2008, provides financing to small and medium-sized business through the use of proprietary risk scoring models, transactional data and tec...

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 Quálitas Compañía de Seguros S.A. de C.V. (Quálitas) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is negative. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in the rating process. The ratings reflect Quálita...