Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA+ to the Harris County Hospital District's, TX (the "District") Series 2026, Limited Tax and Refunding Bonds. Concurrently, KBRA affirms the long-term AA+ rating for outstanding limited tax bonds. The Rating Outlook is Stable. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives A growing tax base continues to generate strong property tax revenues for the District, thus supp...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 20 classes of mortgage-backed notes from RCKT Mortgage Trust 2026-CES5 (RCKT 2026-CES5). RCKT Mortgage Trust 2026-CES5 (RCKT 2026-CES5) is a $545.2 million RMBS transaction, as of the cut-off date, sponsored by Woodward Capital Management LLC, a wholly owned affiliate of Rocket Mortgage, LLC, and Canyon RB1-26 Holdings, LP, and consists entirely of newly originated closed-end second lien mortgages (CES; 100.0%). The underlying pool...

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 “aa-” (Superior) of the life/health insurance subsidiaries of Prudential Financial, Inc. (PFI) (Newark, NJ) [NYSE: PRU], collectively referred to as Prudential. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of PFI and all Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of the group....

NEW YORK--(BUSINESS WIRE)--KBRA is pleased to announce the assignment of preliminary ratings to nine classes of BSPDF 2026-FL4, a managed CRE CLO securitization with the ability to reinvest principal proceeds for 30 months including a 90-day ramp-up period. The transaction will initially be collateralized by 59 mortgage loans with an aggregate cutoff date in-trust balance of $1.2 billion and $47.2 million of cash collateral for the anticipated acquisition of two pre-identified delayed acquisiti...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has maintained the under review with developing implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of TruSpire Retirement Insurance Company (TruSpire) (Irving, TX). Malibu Life Holdings Limited announced on Oct. 14, 2025, that it has entered into a definitive agreement to acquire TruSpire, which is licensed in 44 states and holds licenses for fixed-index annuity products. TruSpire ha...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to five classes of notes issued by Reach ABS Trust 2026-2 (“Reach 2026-2”), an unsecured consumer loan ABS transaction. Credit enhancement consists of overcollateralization, subordination of junior note classes (except for the Class E notes), a cash reserve account funded at closing, and excess spread. This transaction represents Reach Financial, LLC’s (“Reach”, the “Servicer” or the “Company”) second term ABS securitization in 2026 an...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 58 classes of mortgage-backed certificates from EFMT 2026-AE3. EFMT 2026-AE3 is a $337.9 million RMBS transaction, as of the cut-off date, sponsored by EFMT Sponsor LLC. The pool is secured entirely of first liens on non-owner occupied (NOO) investor properties (75.2%) and second homes (24.8%) underwritten to agency guidelines. The underlying pool is seasoned approximately three months and comprises 902 loans. Majority of loans are...

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 MSIG Europe SE (MSIG Europe) (Belgium). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect MSIG Europe’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 management. In addition, MSIG Europe’s ratin...

LONDON--(BUSINESS WIRE)--AM Best has upgraded the Performance Assessment (assessment) to PA-2 (Excellent) from PA-3 (Strong) of Kay International AMEA Limited (Kay) (United Arab Emirates). The outlook of the assessment is stable. The assessment reflects Kay’s excellent underwriting capabilities, strong governance and internal controls, excellent financial condition, strong organisational talent and fair depth and breadth of relationships. The upgrade reflects Kay’s improved underwriting capabil...

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 Guardian Life of the Caribbean Limited (GLOC) and Guardian General Insurance Limited (GGIL) (Newtown, Trinidad and Tobago). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” (Good) of Guardian Holdings Limited (GHL), a publicly traded holding company and the parent of GLOC and GGIL. All companies are domi...