Bond & Stock Rating News

LONDON--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to five classes of refinancing notes and one loan issued by RRE 17 Loan Management DAC (Reset), a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro denominated corporate loans. RRE 17 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the “collateral manager”). The CLO transaction initially closed in March 2024, and this is the first reset of...

TORONTO--(BUSINESS WIRE)--Dream Industrial Real Estate Investment Trust (DIR.UN-TSX) (the “Trust” or “Dream Industrial REIT” or “Dream Industrial” or “we” or “us”) today announced receipt of its issuer rating and senior unsecured debentures credit rating upgrade to BBB (high) with Stable trends, from BBB, assigned by Morningstar DBRS (“DBRS”). “We are proud to announce an upgrade in our credit rating to BBB (high),” said Alexander Sannikov, President & Chief Executive Officer of Dream Indus...

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 Sustainable Assurance Company (SAC) (South Burlington, VT). The company is a wholly owned captive subsidiary of Lancaster County Solid Waste Management Authority (LCSWMA) (Lancaster, PA). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect SAC’s balance sheet strength, which AM Best assesses as strong, as well...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of Priority Health (Grand Rapids, MI). The outlook of these Credit Ratings (ratings) is stable. In addition, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Physicians Health Plan of Northern Indiana, Inc. (PHP) (Fort Wayne, IN). The outlook of these ratings has been revised to st...

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Saturn Insurance Inc. (Saturn) (Burlington, VT). Saturn is a captive insurer of BP p.l.c. (bp) [NYSE: BP], an integrated global energy company. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Saturn’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited...

NEW YORK--(BUSINESS WIRE)--KBRA releases its Q3 2025 Middle Market Borrower Surveillance Compendium, providing insights into credit quality across KBRA’s portfolio of rated direct lending transactions. While credit quality remains predominantly stable, defaults across the landscape of middle market (MM) leveraged borrowers—whose loans sit inside rated transactions—are starting to rise as expected (see Private Credit: Q4 2024 Middle Market Borrower Surveillance Compendium—5% at Risk). Although t...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to American International Reinsurance Global, Ltd. (AIRG) (Bermuda), a subsidiary of American International Group, Inc. (AIG). The outlook assigned to these Credit Ratings (ratings) is positive. The ratings of AIRG reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorab...

NEW YORK--(BUSINESS WIRE)--In a recent analysis, Egan-Jones addresses how private debt is reshaping funding markets. The report outlines how banks, historically the primary source of business funding, have become more restrictive following deposit shifts and the collapse of Silicon Valley Bank. As banks tightened the maturity and terms of loan portfolios, private lenders stepped in to meet the needs of small and medium-sized businesses requiring longer term financing. The article notes advantag...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 128 classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2025-INV2 (JPMMT 2025-INV2), a prime RMBS transaction comprising 450 residential mortgages with an aggregate interest-bearing principal balance of approximately $328.7 million as of the cut-off date. The underlying collateral includes both conforming (36.9%) and non-conforming (63.1%) loans and is secured entirely by investment properties. The pool is...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) of Markel Group Inc. (Markel) (Glen Allen, VA). AM Best also has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of all the members of the Markel North America Insurance Group (Markel NA). Additionally, AM Best has affirmed the FSR of A (Excellent) and the Long-Term...