Bond & Stock Rating News

NEW YORK--(BUSINESS WIRE)--KBRA assigns a preliminary rating to the Class A Notes issued by MPOWER Education Trust 2025-A (“MPOWER 2025-A”), an asset-backed securitization collateralized by private education loans made to international students attending schools in the United States. MPOWER 2025-A is the second securitization of MPOWER Financing, Public Benefit Corporation (“MPOWER”). MPOWER issued its inaugural securitization in 2024. The transaction is a term ABS securitization collateralized...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised outlooks to stable from positive and affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” (Good) and the associated Long-Term Issue Credit Ratings (Long-Term IR) of Argo Group International Holdings, Inc. (Argo Group) (headquartered in New York, NY). In addition, AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent)...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Sagicor Reinsurance Bermuda Ltd. (SRBL) (Bermuda). In addition, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Sagicor Life Jamaica Limited (SLJ) (Kingston, Jamaica). The outlook of these Credit Ratings (ratings) is stable. The ratings of SRBL reflect its balance sheet streng...

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Egypt National Scale Rating (NSR) of aaa.EG (Exceptional) of Misr Insurance Company (MIC) (Egypt). The outlook of these Credit Ratings (ratings) is stable. MIC is the non-life insurance subsidiary of Misr Insurance Holding Company (MIHC). The ratings reflect MIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequa...

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Egypt National Scale Rating (NSR) of aaa.EG (Exceptional) of Misr Life Insurance Company (MLIC) (Egypt). The outlook of these Credit Ratings (ratings) is stable. MLIC is the life insurance subsidiary of Misr Insurance Holding Company (MIHC). The ratings reflect MLIC’s balance sheet strength, which AM Best assesses as strong, as well as its strong...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bb+” (Fair) of Germania Farm Mutual Insurance Association and its subsidiaries: Germania Fire & Casualty Company, Germania Insurance Company and Germania Select Insurance Company. Collectively, these companies comprise Germania Mutual Group (Germania). Concurrently, AM Best ha...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to the Series 2025-2 Class A-1-V Notes, Class A-2 Notes, Class B Notes, and Class C Notes (the Series 2025-2 Notes) from Zayo Issuer, LLC (the Issuer), a communications infrastructure securitization. Zayo 2025-2 represents Zayo Issuer, LLC’s (the Issuer) second securitization following the inaugural Series 2025-1 Notes. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes an...

NEW YORK--(BUSINESS WIRE)--KBRA releases research that examines the potential impacts of tariffs on auto loan ABS credit fundamentals. Although the ultimate scope and breadth of changes in U.S. trade policy remains uncertain, the broad implementation of tariffs could pose headwinds to credit fundamentals across various securitized asset classes. However, auto loan ABS may enjoy some benefit—at least in the short term—as rising vehicle prices boost liquidation proceeds on repossessed vehicles, l...

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 Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Sooner’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 (ERM). Sooner’s balance...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best data shows that nearly half of all U.S. states saw its highest single-year property catastrophe loss ratio in the last 10 years exceed its 10-year median loss ratio by more than 20 percentage points. While many of these states are prone to catastrophe losses, according to a new AM Best report, the rising frequency of secondary perils in states considered to be less-catastrophe prone have led insurers to ramp up reassessments of their pricing models, under...