Bond & Stock Rating News

LONDON--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to six classes of notes issued by Bletchley Park Funding 2025-1 PLC, a static UK RMBS securitisation backed by a portfolio of first-ranking buy-to-let (BTL) mortgage loans secured on residential properties in England, Wales, and Northern Ireland. The aggregate balance of the provisional portfolio is £274.7 million as of 30 April 2025 (cut-off date). The loans were originated by Quantum Mortgages Limited (QML), a specialist BTL...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 66 classes of mortgage pass-through certificates from Citigroup Mortgage Loan Trust 2025-3 (CMLTI 2025-3), a prime residential mortgage-backed securities transaction collateralized by owner occupied primary and secondary properties. The underlying pool consists of 365 fixed-rate mortgages (FRMs) with an aggregate principal balance of approximately $323.7 million as of the cut-off date on May 1, 2025 and includes both non-agency (61....

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA to the Metropolitan Government of Nashville and Davidson County's (TN; the "Metropolitan Government") Water and Sewer Revenue Refunding and Improvement Bonds, Series 2025. Additionally, KBRA affirms the long-term rating of AA for the Metropolitan Government's Water and Sewer System WIFIA Loan for Process Advancements at Omohundro and K.R. Harrington Water Treatment Plant Projects (WIFIA ID - N20115TN). The rating outlook is Stable...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a preliminary rating of "BBB” with Stable Outlook to surplus notes (“Notes”) to be issued by Clear Blue Specialty Insurance Company (CBSIC) (KBRA Insurance Financial Strength Rating: A-/Stable). As surplus notes, the Notes are deeply subordinated and payments thereon are subject to the prior approval of the Texas Department of Insurance. If any payments are not approved, the payment will be extended until approval is given. Interest will continue to accru...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “bbb-” (Good) of Life Insurance Company of Louisiana (LICOL) (Shreveport, LA). The outlooks of these Credit Ratings (ratings) is stable. The ratings reflect LICOL’s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, very limited business profile and appropriate enterprise...

LONDON--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to six classes of notes issued by RRE 26 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 26 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the“collateral manager”). The CLO will have a 4.5-year reinvestment period and a 13-year legal final. The ratings reflect initial credit enhance...

MEXICO CITY--(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 Austral Resseguradora S.A. (Austral Re) and Austral Seguradora S.A. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” (Good) of Austral Participações S.A. (Austral). The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Brazil and collectively referred to as Austral. The ra...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to notes issued RFS Asset Securitization V LLC (the “Issuer”). RFS Asset Securitization V LLC will issue five classes of Series 2025-1 Notes totaling $130 million initially. Rapid Financial Services, LLC (“RFS”), a Delaware limited liability company and Small Business Financial Solutions, LLC, a Delaware limited liability company (“SBFS”, together with RFS, the “Company”) is a specialty financial services company that uses its proprie...

NEW YORK--(BUSINESS WIRE)--KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Terrell, Texas-based The ANB Corporation (“the company” or “ANB”). Additionally, KBRA affirms the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for the lead subsidiary, The American National Bank of Texas ("the bank"). The Outlook for all long-ter...

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 Ping An Property & Casualty Insurance Company of China, Ltd (Ping An P&C) (China). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Ping An P&C’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate ent...