Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns the long-term ratings on the following Clark County, NV Bonds: Airport System Subordinate Lien Revenue Refunding Bonds Series 2026A (Non-AMT) at AA Airport System Subordinate Lien Revenue Bonds Series 2026B (AMT) at AA KBRA additionally affirms the long-term ratings on the following Clark County, NV Bonds and Notes: Subordinate Lien General Airport Revenue Bonds (GARBs) at AA Passenger Facility Charge (PFC) and Subordinate Lien GARBs at AA Junior Subordin...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to five classes of notes issued by Upgrade Master Pass-Thru Trust, Series 2026-ST2 (“UMPT 2026-ST2”), a consumer loan ABS transaction. Credit enhancement consists of overcollateralization, subordination of junior note classes (except for the Class E notes), a cash reserve account, and excess spread. This transaction represents Upgrade, Inc’s (“Upgrade”, the “Servicer” or the “Company”) second term ABS securitization in 2026. UMPT 2026-...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Óptima Seguros (Óptima) (San Juan, PR). The Credit Ratings (ratings) reflect Óptima’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. The positive outlooks re...

DUBLIN--(BUSINESS WIRE)--Avolon Holdings Limited (“Avolon”), a global leader in aviation finance, today announces that S&P Global Ratings (“S&P”) has upgraded the Company’s issuer credit rating and senior unsecured debt rating to BBB, with a stable outlook. The upgrade by S&P recognises Avolon’s strong financial performance, supported by ongoing orderbook deliveries and active fleet management. The agency also affirmed Avolon’s stable outlook, reflecting confidence in the Company’s...

LONDON--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to six classes of notes issued by Bletchley Park Funding 2026-1 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 £286.0 million as of 31 March 2026 (cut-off date). The loans were originated by Quantum Mortgages Limited (QML), a specialist BTL...

AMSTERDAM--(BUSINESS WIRE)--AM Best has revised its outlook on Italy’s life insurance segment to stable from negative, primarily reflecting the improvement in lapses and its expectation that companies can continue to adjust to keep positive net inflows. In its new Best’s Market Segment Report, “Market Segment Outlook: Italy Life Insurance,” AM Best also states that it expects life insurance premium income to remain resilient in 2026, consolidating its recovery trend. Andrea Porta, senior financ...

PLANO, Texas--(BUSINESS WIRE)--Tyler Technologies, Inc. prices upsized offering of $1.25 billion convertible senior notes due 2031....

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to nine classes of mortgage-backed notes from OBX 2026-HYB1 Trust, a prime RMBS transaction comprising 385 seasoned hybrid adjustable-rate mortgages (ARMs) with an aggregate principal balance of $309.4 million. The loans possess initial fixed-rate periods of ten years (32.2%), seven years (50.2%), five years (17.5%), and three years (0.2%). Approximately 85.0% of the pool has been designated as a Qualified Mortgage (QM). Non-QM loans a...

NEW YORK--(BUSINESS WIRE)--KBRA releases research examining the potential impact of Medallia's looming default on the private credit universe. Although this represents one of the larger term loans in the direct lending market—at nearly $3 billion—we conclude that KBRA-rated vehicles with exposure, as well as the broader direct lending market, are well positioned to absorb any potential losses. Click here to view the report. Recent Publications Private Credit: Q1 2026 Middle Market Compendium: S...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to Qdoba Funding LLC (the Issuer), Series 2026-1 (Qdoba 2026-1), Class A-1 LR, Class A-1 VFN, and Class A-2 notes, a whole business securitization (WBS). Qdoba 2026-1 represents the issuer’s second securitization in which Qdoba Restaurant Corporation (Qdoba, the Manager, or the Company) contributed substantially all of its revenue-generating assets to the Issuer as collateral for the offered notes. In conjunction with the issuance of t...