Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 60 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2025-5 (SEMT 2025-5), a $648.8 million prime RMBS transaction. The pool is comprised of 526 first-lien, fully amortizing fixed rate mortgages with 20-year and 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 69.5% and WA original CLTV of 69...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 62 classes of mortgage backed notes from PMT Loan Trust 2025-INV5 (PMTLT 2025-INV5), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2025-INV5 comprises 945 fixed-rate mortgages (FRMs) with an aggregate principal balance of $346.6 million as of the May 1, 2025 cut-off date. The underlying pool consists of agency-eligible loans th...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 62 classes of mortgage pass-through notes from OBX 2025-J1 Trust, a $328.6 million prime RMBS transaction. The underlying collateral, comprising 276 fixed-rate, fully amortizing loans is characterized by moderate borrower equity, as evidenced by the WA original LTV of 71.9%, and has a WA original credit score of 776. KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model...

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 United Kingdom Mutual War Risks Association Limited (UK War Risks or the Association) (United Kingdom). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect UK War Risks’ balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropria...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to nine serial bonds and one term bond issued by New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series 2025A ("NYSERDA 2025A”), a $59.77 million asset-backed securitization collateralized by residential solar loans and home improvement loans originated by New York State Energy Research and Development Authority (“NYSERDA” or the “Authority”). The se...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Associated Mutual Insurance Cooperative (Associated Mutual) (Woodridge, NY). The outlook of these Credit Ratings (rating) is stable. Concurrently, AM Best has withdrawn these Credit Ratings (ratings) as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect Associated Mutual’s balance she...

PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Reports First Quarter 2025 Results...

DUBLIN--(BUSINESS WIRE)--KBRA releases a research report analysing European labour markets, highlighting their resilience and analysing the potential impact of heightened trade protectionism. The report provides a close examination of selected European labour markets and assesses how structural reforms and persistent supply constraints have supported historically low unemployment despite repeated economic shocks. Even under stress scenarios such as increased trade protectionism, European labour...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of “aa” (Superior) of New Jersey Manufacturers Insurance Company, New Jersey Re-Insurance Company, New Jersey Indemnity Insurance Company and New Jersey Casualty Insurance Company, collectively referred to as NJM Insurance Group (NJM). The outlook of the FSR is sta...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to the Class A-F Notes, Class A Notes, Class B Notes, Class C Notes, and Class D Notes issued by PK ALIFT Loan Funding 6 LP, an aviation ABS transaction (PKAIR 2025-1). PKAIR 2025-1 represents the fourth aviation loan ABS securitization serviced by Apollo PK Air Management (CLO) LP (Apollo PK, or the Servicer), an affiliate of PK AirFinance (the Company). The PK AirFinance platform, which was founded in 1983, provides financing against...