Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 20 classes of mortgage-backed notes from RCKT Mortgage Trust 2026-CES10 (RCKT 2026-CES10). RCKT Mortgage Trust 2026-CES10 (RCKT 2026-CES10) is a $548.1 million RMBS transaction, as of the cut-off date, sponsored by Woodward Capital Management LLC, a wholly owned affiliate of Rocket Mortgage, LLC, and Loan Funding Structure V LLC, and consists entirely of newly originated closed-end second lien mortgages (CES; 100.0%). The underlying...

NEW YORK--(BUSINESS WIRE)--KBRA has assigned a long-term rating of AAA to the Los Angeles Unified School District (County of Los Angeles, California) General Obligation Bonds, Series QRRUS (2026) (Dedicated Unlimited Ad Valorem Property Tax Bonds). Concurrently, KBRA has affirmed the long-term rating of AAA on outstanding parity General Obligation Bonds of the District. The Outlook is Stable. The long-term rating reflects the exceptionally strong security structure supporting repayment of the D...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to the Series 2026-1, Class A-2 Notes, Class A-1-L Notes, Class B Notes and Class C Notes (the Series 2026-1 Notes) from GW Issuer, LLC (the Issuer), a communications infrastructure securitization. The transaction represents the Issuer’s first securitization. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes subject to certain conditions, including rat...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA+ to the Borough of North Slope, Alaska General Obligation Bonds, Series 2026. KBRA additionally affirms the long-term rating of AA+ for the Borough's outstanding General Obligation Bonds. The rating Outlook is Stable. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives History of conservative budgetary management, coupled with established financial management policies and...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to three class of notes from Databank Issuer, LLC and Databank Co-Issuer, LLC Series 2026-2, Series 2026-3, and Series 2026-4 (together, Series 2026-2/3/4), a colocation data center ABS transaction. The transaction represents the sixth 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 DataBa...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) of Palomar Holdings, Inc. (Palomar) (Delaware) [NASDAQ: PLMR], the ultimate parent and insurance holding company of Palomar Specialty Insurance Company (PSIC) (Portland, OR), Palomar Excess and Surplus Insurance Company (PESIC) (Phoenix, AZ), Palomar Specialty Reinsurance Company Bermuda Ltd. (Palomar Re) (Bermuda), First Indemnity of America Insurance Company (FIA) (Morris Pl...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of the operating subsidiaries of Essent Group Ltd., which are Essent Guaranty, Inc. (domiciled in Radnor, PA) and Essent Reinsurance Ltd. (Hamilton, Bermuda) (collectively referred to as Essent). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Essent’s balance sheet strength, which AM Best assesses as stronges...

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 Triple Crown Assurance Co. (TCA) (Dallas, TX). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect TCA’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 (ERM).TCA is a captive insuran...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the recently issued CAD 250 million, 6.133% fixed rate subordinated notes, due 2086, of Intact Financial Corporation (IFC) (TSX:IFC) (Toronto, Ontario, Canada). The outlook assigned to the Credit Rating (rating) is stable. The net proceeds of the notes offering are being utilized for general corporate purposes and to repay all or a portion of IFC’s debt borrowings. Intact completed the redemp...

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 Philippines National Scale Rating of aa+.PH (Superior) of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect Nat Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profil...