Bond & Stock Rating News

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 Trinidad & Tobago Insurance Limited (TATIL) (Trinidad and Tobago). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect TATIL’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. TATIL...

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 Constitution Insurance Company (Constitution) (Cambridge, NY). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Constitution’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 (ER...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes of notes issued by Upgrade Master Pass-Thru Trust, Series 2026-ST5 (“UMPT 2026-ST5”), a consumer loan ABS transaction. UMPT 2026-ST5 has initial hard credit enhancement levels ranging from 45.10% for the Class A Notes to 22.10% for the Class D Notes. Credit enhancement consists of overcollateralization, subordination of the junior note classes, except for the Class D Notes, a cash reserve account, and excess spread. Thi...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb” (Good) to Sparrowhawk Re SPC (Sparrowhawk) (Cayman Islands). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Sparrowhawk’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). Sparrowhawk’s bal...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 44 classes of mortgage-backed notes from PMT Loan Trust 2026-CNF9 (PMTLT 2026-CNF9), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-CNF9 comprises 676 agency-eligible, conforming mortgage loans on owner-occupied homes with an aggregate stated principal balance of approximately $357.9 million as of the October 1, 2026 cut-of...

DUBLIN--(BUSINESS WIRE)--KBRA Europe (KBRA) assigns preliminary ratings to seven classes of notes to be issued by Merrion Square Residential 2026-1 DAC, a static RMBS securitisation collateralised by predominantly first lien, reperforming mortgage loans. As of 30 June 2026, the underlying collateral comprises a €635.2 million portfolio of secured mortgage loans. These mortgages are largely secured by owner-occupied properties (77.1%) and buy-to-let properties (21.3%) located in Ireland, with on...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Preliminary Credit Assessment (PCA) to American Sentinel Insurance (ASIC) (Jefferson City, MO) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca (Excellent). The outlook assigned to this PCA is stable. This PCA has an effective date of Oct. 6, 2026. The PCA reflects ASIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance...

SINGAPORE--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of MS First Capital Insurance Limited (MSFC) (Singapore). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect MSFC’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. In addition, the ratings...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) from “a-” (Excellent) of FMIC Insurance Company (FMIC, formerly known as Forestry Mutual Insurance Company) (Raleigh, NC). The outlook of these Credit Ratings (ratings) has been revised to stable from negative.The ratings reflect FMIC’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal o...

NEW YORK--(BUSINESS WIRE)--KBRA is pleased to announce the assignment of preliminary ratings to 13 classes of BBCMS 2026-5C43, a $989.5 million CMBS conduit transaction collateralized by 43 commercial mortgage loans secured by 98 properties. The collateral properties are located throughout 26 MSAs, of which the three largest are New York (10.7% of pool balance), San Jose (9.9%), and Austin (9.6%). The pool’s three largest property type exposures are retail (22.5%), industrial (19.5%), and lodgi...