Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 73 classes of mortgage-backed notes from PMT Loan Trust 2026-INV8 (PMTLT 2026-INV8), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-INV8 comprises 1,036 fixed-rate mortgages (FRMs) with an aggregate principal balance of $403.0 million as of the August 1, 2026 cut-off date. The underlying pool consists of agency-eligible loa...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Everett Cash Mutual Insurance Company (Everett Cash Mutual), 1st Choice Advantage Insurance Company, Inc. and American Reliable Insurance Company (Phoenix, AZ). The outlook assigned to these Credit Ratings (ratings) is positive....

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 members of Athene Group (Athene). Athene is the consolidation of the organization’s U.S. operating companies, along with its affiliated reinsurance companies domiciled in Bermuda. In addition, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of Athene Holding Ltd. (Delaware). Athene Holding Ltd. oper...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) to MACM Risk Retention Group, Inc. (MACM RRG) (District of Columbia). The outlook assigned to these Credit Ratings (ratings) is stable. Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Medical Assurance Company of Mississippi (MACM) (Ridgeland, MS). The outlook of the...

HONG KONG--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of INPEX Insurance, Ltd. (IIL) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect IIL’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. IIL’s risk-adjusted capitalisation is asses...

SINGAPORE--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Malaysian Life Reinsurance Group Berhad (Malaysian Life Re) (Malaysia). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Malaysian Life Re’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 mana...

HONG KONG--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Macau Insurance Company Limited (MIC) (Macau). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect MIC’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. MIC’s balance sheet strength re...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a ‘AA-’ rating to $28.0 million Series I Mandatory Redeemable Preferred Shares ("MRPS") issued by Calamos Dynamic Convertible and Income Fund (the “Fund” or "CCD"). Concurrently, KBRA affirms the ratings assigned to the outstanding Series C, E, and G MRPS issued by the Fund. The Outlook on all ratings is Stable. The rating action reflects the stable composition of the Fund’s portfolio, which is primarily invested in U.S. domiciled convertible securities,...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a ‘AA-’ rating to $28.5 million Series H Mandatory Redeemable Preferred Shares ("MRPS") issued by Calamos Global Dynamic Income Fund (the “Fund” or "CHW"). Concurrently, KBRA affirms the ratings assigned to the outstanding Series C and E MRPS issued by the Fund. The Outlook on all ratings is Stable. The rating action reflects the stable composition of the Fund’s portfolio, which is primarily invested in global equities and convertible securities, with not...

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 SPP Institución de Seguros S.A. de C.V. (SPP Seguros) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is positive. The ratings reflect SPP Seguros’ balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited busines...