Bond & Stock Rating News

LONDON--(BUSINESS WIRE)--KBRA UK (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Taurus 2025-4 UK DAC, a CMBS single-borrower transaction. The collateral for the transaction is a £227.3 million limited recourse, first lien mortgage loan originated by Bank of America, N.A., London Branch in July 2025. The floating rate loan has an initial three-year term and two, one-year extension options. The loan is secured by the borrowers’ freehold and leasehold intere...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to six classes of mortgage-backed notes from OBX 2025-NQM13 Trust, a $662.7 million non-prime RMBS transaction. The underlying collateral, comprising 1,208 residential mortgages, is characterized by fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 92.8% and 7.2% of the pool, respectively. A majority of the loans are either classified as non-qualified mortgages (Non-QM; 47.2%) or exempt (42.9%) from the...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the City of Dublin, OH (the "City") General Obligation (Limited Tax) Various Purpose Improvement and Refunding Bonds, Series 2025. Concurrently, KBRA affirms the long-term rating of AAA for the City's outstanding parity General Obligation (Limited Tax) Various Purpose Improvement and Refunding Bonds. The Outlook is Stable. Key Credit Considerations The rating was assigned/affirmed because of the following key credit considerat...

WILMINGTON, Del.--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”). KBRA also reaffirmed WSFS’ subordinated debt rating of BBB+ and a short-term debt rating of K2. WSFS Bank, the Company’s primary subsidiary, received strong credit ratings as well, including A ratings for both senior unsecured debt and deposit, a subordinated debt rating of A-, and the short-term debt an...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 60 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2025-7 (SEMT 2025-7), a $398.6 million prime RMBS transaction. The pool is comprised of 326 first-lien, fully amortizing fixed rate mortgages with 20-year and 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 of 71.9% and WA original CLTV of 71...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to six classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2025-8 (AOMT 2025-8), a $271.3 million non-prime RMBS transaction. The underlying collateral, comprised of 550 residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income documentation. All the loans are either classified as non-qualified mortgages (46.3%) or exempt (53.7%) from the Ability-to-Repay/Qua...

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 Scotia Reinsurance Limited (Scotia Re) (Barbados). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Scotia Re’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. Scotia Re transition...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the members of Athene Group (Athene). Athene is the consolidation of the organization’s U.S. operating companies, along with its affiliated reinsurance companies domiciled in Bermuda. In addition, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of Athene Holding Ltd. (Delaware). Athene Holding Ltd. ope...

OLDWICK, N.J.--(BUSINESS WIRE)--The July issue of Best’s Review includes a ranking of the top global brokers and provides coverage of insurance accounting: “Top Global Insurance Brokers – 2025 Edition” provides a ranking of the top 20 global insurance brokers based on 2024 total revenue and recaps key developments from the past year. “Reporting Requirements Yet Another Challenge for Insurance Accountants” examines issues such as the ongoing remediation and implementation of IFRS 17. “Insurance...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to six classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2025-4 and Research-Driven Pagaya Motor Trust 2025-4 (collectively “RPM 2025-4”), an auto loan ABS transaction. RPM 2025-4 has initial credit enhancement levels of 51.86% for the Class A notes to 4.12 % for the Class E notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class E notes), a cash rese...