Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to Kinetic ABS Issuer LLC, Series 2026-1 (Kinetic 2026-1), a communications infrastructure securitization (CIS) that is primarily collateralized by fiber network assets and related contracts. Kinetic 2026-1 represents Kinetic ABS Issuer, LLC (the Issuer's) first securitization. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes subject to certain condit...

NEW YORK--(BUSINESS WIRE)--KBRA assigns an issuer rating of BBB- and senior secured debt rating of BBB- to Los Angeles, California-based Nowcom, LLC ("Nowcom" or "the company"). KBRA also assigns BBB- ratings to the company's $100 million senior secured notes due in July 2031. The Outlook for the ratings is Positive. Key Credit Considerations Nowcom is a leading provider of software and technology solutions to the U.S. independent auto dealer industry and its DealerCenter platform is used by 20...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to five classes of notes issued by Reach ABS Trust 2026-1 (“Reach 2026-1”), an unsecured consumer loan ABS transaction. Credit enhancement consists of overcollateralization, subordination of junior note classes (except for the Class E notes), a cash reserve account funded at closing, and excess spread. This transaction represents Reach Financial, LLC’s (“Reach”, the “Servicer” or the “Company”) first term ABS securitization in 2026 and...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes (seven tranches) of notes issued by Corporate One Auto Receivables Trust 2026-1 (“COART 2026-1”), a prime auto loan ABS transaction. COART 2026-1 is the inaugural 144A offering arranged by Corporate One Federal Credit Union (“Corporate One”). Originally chartered in 1949, Corporate One is a member-owned, not for profit, federally charted, corporate credit union headquartered in Columbus, Ohio. COART 2026-1 will issue fo...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the State of Ohio General Obligation Highway Capital Improvements Bonds, Series Z, and General Obligation Highway Capital Improvements Refunding Bonds, Series AA. Concurrently KBRA affirms the AAA rating for the State's outstanding General Obligation Highway Capital Improvements Bonds. The Outlook is Stable. Highway Capital Improvements Bonds (HCIBs) are general obligations of the State payable and secured by a pledge of the f...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to eight classes of Certificates from EFMT 2026-CES1, a $221.8 million RMBS transaction, as of the cut-off date, sponsored by EFMT Sponsor LLC and consists of 2,802 newly originated closed-end second lien mortgages (CES; 100.0%). The largest originators in the underlying pool are loanDepot.com LLC (47.1%), PennyMac Loan Services, LLC (33.3%) NewRez LLC (12.8%). The collateral consists of 100% fully amortizing, fixed-rate mortgages (FRM...

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 South China Insurance Co., Ltd. (South China Insurance) (Taiwan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect South China Insurance’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 manageme...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Element Insurance Company (Element) (West Chester, OH). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect Element’s balance sheet strength, which AM Best assesses as adequa...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 57 classes of mortgage-backed notes from PMT Loan Trust 2026-INV1 (PMTLT 2026-INV1), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-INV1 comprises 1,032 fixed-rate mortgages (FRMs) with an aggregate principal balance of $390.2 million as of the January 1, 2026 cut-off date. The underlying pool consists of agency-eligible lo...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to OHS Issuer, LLC, Series 2026-1/2 (OHS 2026-1/2 or the Series 2026-1/2 Notes), a service contract securitization that is primarily collateralized by home service contracts. OHS 2026-1/2 represents OHS Issuer, LLC’s (the Issuer) first securitization. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes subject to certain conditions, including rating agen...