Credit rating agencies

KBRA Assigns Preliminary Ratings to RRE 6 Loan Management DAC

Friday, January 22, 2021 - 7:41pm

This credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union.

Key Points: 
  • This credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union.
  • Information on a credit ratings endorsement status is available on its rating page at KBRA.com.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Releases IMN Virtual Non-QM 2021 Recap

Friday, January 22, 2021 - 6:19pm

Kroll Bond Rating Agency (KBRA) releases a recap of the IMN Virtual Non-QM Forum 2021, which was held online on January 21, 2021.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a recap of the IMN Virtual Non-QM Forum 2021, which was held online on January 21, 2021.
  • This recap addresses certain panel discussions conducted during the forum and provides a summary of those panels.
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA).

AM Best Withdraws Credit Ratings of Rosgosstrakh Insurance Company, OJSC

Friday, January 22, 2021 - 5:54pm

AM Best has affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of bb- of Rosgosstrakh Insurance Company, OJSC (RGS) (Russia).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of bb- of Rosgosstrakh Insurance Company, OJSC (RGS) (Russia).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Comments on Credit Ratings of Hallmark Financial Services, Inc. and Its Subsidiaries Following Announced Specialty Commercial Business Separation Plan

Friday, January 22, 2021 - 5:05pm

AM Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of bbb- and the Long-Term Issue Credit Ratings (Long-Term IR) of Hallmark Financial Services, Inc. (Hallmark Financial) [NASDAQ: HALL] are unchanged, following the recent announcement that Hallmark Financial is exploring opportunities to segregate its specialty commercial segment.

Key Points: 
  • AM Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of bbb- and the Long-Term Issue Credit Ratings (Long-Term IR) of Hallmark Financial Services, Inc. (Hallmark Financial) [NASDAQ: HALL] are unchanged, following the recent announcement that Hallmark Financial is exploring opportunities to segregate its specialty commercial segment.
  • On Jan. 21, 2021, Hallmark Financial announced its intention to explore opportunities to segregate its specialty commercial segment from its other business segments to create separately operated companies.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Meiji Yasuda Life Insurance Company

Friday, January 22, 2021 - 3:53pm

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of aa- of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of aa- of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of Nationwide Indemnity Company

Friday, January 22, 2021 - 2:35pm

AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) to aa- of Nationwide Indemnity Company (Nationwide Indemnity) (Columbus, OH).

Key Points: 
  • AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) to aa- of Nationwide Indemnity Company (Nationwide Indemnity) (Columbus, OH).
  • With this action, Nationwide Indemnity is a new member of the Nationwide Group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Lifetime Income Limited

Friday, January 22, 2021 - 2:31pm

Subsequently, LILs parent group, Retirement Income Group Limited (RIG), initiated a capital raising exercise, which was expected to complete in December 2020.

Key Points: 
  • Subsequently, LILs parent group, Retirement Income Group Limited (RIG), initiated a capital raising exercise, which was expected to complete in December 2020.
  • AM Best notes that during this period, the Lifetime Income Fund has been closed to new investments from new and existing policyholders.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

Dun & Bradstreet Announces Fourth Quarter and Full-year 2020 Earnings Release and Conference Call; Participating in Upcoming Investor Conferences

Friday, January 22, 2021 - 1:30pm

Dun & Bradstreet Holdings, Inc. (Dun & Bradstreet) (NYSE:DNB), a leading global provider of business decisioning data and analytics, today announced the date for the release of its fourth quarter and full-year 2020 earnings and its participation in upcoming investor conferences.

Key Points: 
  • Dun & Bradstreet Holdings, Inc. (Dun & Bradstreet) (NYSE:DNB), a leading global provider of business decisioning data and analytics, today announced the date for the release of its fourth quarter and full-year 2020 earnings and its participation in upcoming investor conferences.
  • Dun & Bradstreet will release fourth quarter and full-year 2020 earnings before the market opens on February 8, 2021.
  • Those wishing to participate via the webcast should access the call through Dun & Bradstreets Investor Relations website at https://investor.dnb.com .
  • The conference call replay will be available via webcast through Dun & Bradstreets Investor Relations website.

Broadstone Net Lease, Inc. Receives 'BBB' (Stable) Rating from S&P Global Ratings

Thursday, January 21, 2021 - 9:05pm

ROCHESTER, N.Y., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Broadstone Net Lease, Inc. (NYSE: BNL) (BNL or the Company) today announced that S&P Global Ratings (S&P) assigned the Company an initial credit rating of 'BBB' with a stable outlook.

Key Points: 
  • ROCHESTER, N.Y., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Broadstone Net Lease, Inc. (NYSE: BNL) (BNL or the Company) today announced that S&P Global Ratings (S&P) assigned the Company an initial credit rating of 'BBB' with a stable outlook.
  • S&P is also assigning a 'BBB' rating to the Companys operating subsidiary, Broadstone Net Lease, LLC and a 'BBB' issue-level rating to the Company's outstanding senior unsecured notes.
  • S&P commented that the rating reflects BNL's well-diversified platform that mitigates sector-specific headwinds, its steady and favorable operating performance, and its prudent financial policy following the successful execution of its IPO.
  • Ryan M. Albano, BNLs Chief Financial Officer, commented, We are very pleased to announce our new investment grade rating with S&P.

AM Best Revises Issuer Credit Rating Outlook to Stable for Knight Insurance Company Ltd. and Its Affiliates

Thursday, January 21, 2021 - 8:42pm

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ of Knight Insurance Company Ltd. (Knight Insurance) (Cayman Islands), KnightBrook Insurance Company (KnightBrook) (Wilmington, DE) and Knight Specialty Insurance Company (Wilmington, DE).

Key Points: 
  • AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ of Knight Insurance Company Ltd. (Knight Insurance) (Cayman Islands), KnightBrook Insurance Company (KnightBrook) (Wilmington, DE) and Knight Specialty Insurance Company (Wilmington, DE).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.