Bond & Stock Rating News

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb” (Good) to the $750 million, 6.25% fixed rate junior subordinated notes, due 2056, of Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU]. At the same time AM Best has assigned a Long-Term IR of “aa-” (Superior) to the $450 million, 5% medium term notes, due 2031, of PRICOA Global Funding I. The outlook assigned to these Credit Ratings (ratings) is stable. The proceeds of the...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to Ameriprise Financial, Inc.’s (Ameriprise) (Minneapolis, MN) recently announced USD 300 million, 4.8% senior unsecured notes, due 2031, and the USD 450 million, 5.35% senior unsecured notes, due 2036. The outlook assigned to these Credit Ratings (ratings) is stable.Proceeds from the offering are being used for general corporate purposes, including the repayment of outstanding senior notes m...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 13 classes of mortgage-backed notes from OBX 2026-NQM8 Trust, a $1.02 billion non-prime RMBS transaction. The underlying collateral, comprising 1,913 residential mortgages, with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 95.1% and 4.9% of the pool, respectively. A majority of the loans are either classified as non-qualified mortgages (Non-QM; 40.0%) or exempt (54.1%) from the Ability-to-Repay/Q...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 100 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-8 (SEMT 2026-8), a $552.2 million prime RMBS transaction. The pool is comprised of 439 first-lien, fully amortizing fixed rate mortgages with mostly 30-year maturity terms. The collateral is characterized by a weighted average (WA) original credit score of 779 and moderate borrower equity, with a WA original LTV and WA original CLTV of 69.9% each. KBR...

HONG KONG--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to SAIC Motor Insurance Limited (SAIC Captive) (Hong Kong). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect SAIC Captive’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 management. Incorpo...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to Jimmy John’s Funding, LLC Series 2026-1 Class A-1 VFN and Class A-2 Notes, a whole business securitization (WBS). The rating actions follow KBRA’s analysis which indicates that existing credit enhancement for the notes and cash flows are sufficient to support the ratings following the issuance of the Series 2026- 1. In conjunction with the issuance of the Series 2026-1 Notes, the Series 2017-1 Class A-2-II, Series 2022-1 Class A-1,...

NEW YORK--(BUSINESS WIRE)--KBRA Credit Profile (KCP), a division of KBRA Analytics, releases its Day 3 recap of the CRE Finance Council (CREFC) June Conference 2026. Key Takeaways Private credit continues to expand within commercial real estate (CRE) lending, supported by growing insurance company participation and increasing demand for flexible financing solutions. Single-asset single borrower (SASB) and CRE collateralized loan obligations (CLO) dominate commercial mortgage-backed securities (...

OLDWICK, N.J.--(BUSINESS WIRE)--Insurers specializing in the legal professional liability (LPL) sector have experienced considerable growth in policyholders’ surplus over the past five years, but premium levels have remained relatively stagnant during that timeframe, according to a new AM Best report. The Best’s Market Segment Report, titled “Specialty Legal Professional Liability Insurers Continue to Grow, Despite Varied Performance,” takes note of the myriad challenges facing law firms, such...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 38 classes of mortgage pass-through certificates from Provident Funding Mortgage Trust 2026-2 (PFMT 2026-2). Provident Funding Mortgage Trust 2026-2 (PFMT 2026-2) is an RMBS transaction comprising 770 agency-eligible, conforming mortgage loans with an aggregate stated principal balance of approximately $341.9 million as of the June 1, 2026 cut-off date. The underlying collateral consists of fully amortizing, mostly 30-year fixed-rat...

NEW YORK--(BUSINESS WIRE)--KBRA Credit Profile (KCP), a division of KBRA Analytics, releases its Day 2 recap of the CRE Finance Council (CREFC) June Conference 2026. Key Takeaways Rate volatility and borrower hesitancy continue to influence commercial real estate (CRE) transaction activity, with borrowers favoring shorter terms as high rates persist. Origination volume is primarily fueled by refinancing activity focused on preserving capital rather than extracting equity. Investor and lender ap...