Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the San Diego Unified School District: 2026 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 1998, Series R-9); 2026 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series SR-6A); 2026 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series SR-6B); and, 2026 Gener...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a” (Excellent) of the members of Curi Insurance Group (Curi) (Raleigh, NC). Concurrently, AM Best has placed the Credit Ratings (ratings) under review with negative implications. The ratings reflect Curi’s balance sheet strength, which AM Best assesses as strong, as well as its adequate...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the life/health and property/casualty subsidiaries of Coralisle Group Ltd. (CG). The outlook of these Credit Ratings (ratings) is stable. CG is a wholly owned intermediate holding company of Edmund Gibbons Limited, the ultimate parent company. All companies are domiciled in Bermuda unless otherwise specified. (See...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has maintained the under review with positive implications status for the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of the operating subsidiaries of The Fortegra Group, Inc. (Fortegra) (headquartered in Jacksonville, FL). Fortegra is a wholly owned subsidiary of its publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. The property/casualty operating subsidiaries o...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to the Series 2026-1/2 Notes (the “Series 2026-1/2 Notes” and, collectively, Zayo 2026-1/2), consisting of Class A-2 Notes, Class B Notes, and Class C Notes, from Zayo Issuer, LLC (the “Issuer”), a communications infrastructure securitization. The Series 2026-1/2 Notes include notes issued in Series 2026-1 and Series 2026-2 under a common indenture and secured by the same collateral pool. Series 2026-1 includes Class A-2, Class B and C...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA- to the City of Atlanta Water and Wastewater Subordinate Lien Revenue Refunding Bonds, Series 2026 (Sustainability Bonds). Concurrently, KBRA assigns a long-term rating of AA- to the City's outstanding Water and Wastewater Subordinate Lien Revenue Bonds, and a long-term rating of AA to the City's outstanding Water and Wastewater Senior Lien Revenue Bonds. The Outlook is Stable. The long-term rating reflects the experienced managem...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Fidvest US LLC (Fidvest) (Charleston, SC). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The ratings reflect Fidvest’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile...

NEW YORK--(BUSINESS WIRE)--KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended December 31, 2025. In this quarter’s Compendium, KBRA examines the key credit and structural risks of rated perpetual-life BDCs, with a particular focus on whether these BDCs can maintain sound leverage and liquidity profiles during periods of elevated redemption activity. In addition, we will examine the financial performance of our rated business developme...

NEW YORK--(BUSINESS WIRE)--KBRA announces the assignment of preliminary ratings to seven classes of NYC 2026-1325, a CMBS single-borrower securitization. The collateral for the transaction is a $282.5 million non-recourse, first lien mortgage loan. The fixed rate loan is expected to have a five-year term and require monthly interest-only payments. The loan is secured by the borrower’s fee simple interest in 1325 Avenue of the Americas, a 34-story, Class-A, LEED Gold certified office building co...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the life/health insurance subsidiaries of CNO Financial Group, Inc. (headquartered in Carmel, IN) [NYSE: CNO]. These subsidiaries are collectively referred to as CNO Financial Group (CNO). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of...