Credit rating agencies

AM Best Assigns Credit Ratings to Western Surety Company

Retrieved on: 
Tuesday, June 9, 2020
Insurance, Professional services, Finance, Credit rating agencies, Economy, Credit, AM Best, Tewksbury Township, New Jersey, Credit rating

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Western Surety Company (WSC) (Regina, Saskatchewan, Canada).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Western Surety Company (WSC) (Regina, Saskatchewan, Canada).
  • AM Best views WSCs business profile assessment as limited as the company operates as a contract and commercial surety writer within Canada.
  • 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 .

Bank of Georgia Selects Moody’s Analytics CreditLens™ Solution

Retrieved on: 
Tuesday, June 9, 2020
Finance, Banking, Professional services, Technology, Software, Service companies, Credit rating agencies, Finance, Economy, Moody's Corporation, Moody's Investors Service, Credit rating, Fitch Ratings, Moody's Analytics, Moody’s Analytics, Bank of Georgia

Moodys Analytics, a leading provider of financial intelligence, announced today that Bank of Georgia has selected the CreditLens solution to digitize and automate its business lending processes.

Key Points: 
  • Moodys Analytics, a leading provider of financial intelligence, announced today that Bank of Georgia has selected the CreditLens solution to digitize and automate its business lending processes.
  • Bank of Georgia is the largest universal bank in the country of Georgia, serving more than 2.4 million clients through one of the widest services distribution networks in the Caucasus region.
  • The CreditLens solution will be a cornerstone of our organizational transformation, said Giorgi Chiladze, Bank of Georgias Chief Risk Officer.
  • Bank of Georgia has credit ratings from global rating agencies: Moody's: Ba3/Ba 2 (foreign and local currency), Fitch Ratings: BB- (long- and short-term issuer default ratings); outlooks are Stable.

KBRA Assigns Ratings to Verus Securitization Trust 2020-INV1 (Verus 2020-INV1)

Retrieved on: 
Friday, June 5, 2020
Banking, Professional services, Insurance, Finance, Credit rating agencies, Nationally recognized statistical rating organization, U.S. Securities and Exchange Commission, Finance, Money

Further disclosures relating to this rating action are available in the U.S. Information Disclosure Form referenced above.

Key Points: 
  • Further disclosures relating to this rating action are available in the U.S. Information Disclosure Form referenced above.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .
  • KBRA is a full-service credit rating agency registered as an NRSRO with the U.S. Securities and Exchange Commission.
  • 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 Affirms Credit Ratings of Massachusetts Mutual Life Insurance Company and Its Subsidiaries

Retrieved on: 
Friday, June 5, 2020
Banking, Professional services, Insurance, Finance, Finance, Economy, Money, Credit rating agencies, AM Best, Insurance, Massachusetts Mutual Life Insurance Company, Credit rating

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of aa+ of Massachusetts Mutual Life Insurance Company (MassMutual) and its life/health subsidiaries, C.M.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of aa+ of Massachusetts Mutual Life Insurance Company (MassMutual) and its life/health subsidiaries, C.M.
  • Life Insurance Company and MML Bay State Life Insurance Company (both domiciled in Enfield, CT).
  • 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 Developing Implications Status for Credit Ratings of Armour Secure Insurance S.A. de C.V.

Retrieved on: 
Friday, June 5, 2020
Insurance, Professional services, Credit rating agencies, Finance, Economy, AM Best, Credit rating

The Credit Ratings (ratings) were placed under review with developing implications on Dec. 6, 2019, following an announcement that AXA XL had entered into an agreement to acquire Armour.

Key Points: 
  • The Credit Ratings (ratings) were placed under review with developing implications on Dec. 6, 2019, following an announcement that AXA XL had entered into an agreement to acquire Armour.
  • 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.

AM Best Affirms Credit Ratings of CMB Wing Lung Insurance Company Limited

Retrieved on: 
Friday, June 5, 2020
Professional services, Insurance, Finance, Finance, Credit rating agencies, Economy, Credit, AM Best, Tewksbury Township, New Jersey, Credit rating

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of CMB Wing Lung Insurance Company Limited (CMBWLI) (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of CMB Wing Lung Insurance Company Limited (CMBWLI) (Hong Kong).
  • CMBWLI repaid the subordinated loan issued by its parent company, CMB Wing Lung Bank Limited, in 2019, and the companys solvency level remained at a healthy level as of year-end 2019.
  • 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 Quálitas Compañía de Seguros S.A. de C.V.

Retrieved on: 
Friday, June 5, 2020
Professional services, Insurance, Finance, Economy, Finance, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Credit rating, Enterprise risk management, Rating

The ratings reflect Qulitas balance sheet strength, which AM Best categorizes as adequate, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

Key Points: 
  • The ratings reflect Qulitas balance sheet strength, which AM Best categorizes as adequate, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
  • Qulitas has established a strong distribution capability across Mexico through its network of local agents, financial institutions and service offices.
  • 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 .

Credit Ratings of Rizobacter Argentina SA, a Bioceres Crop Solutions Subsidiary, Raised to A- from BBB+ by Fitch Ratings Affiliate FIX SCR

Retrieved on: 
Friday, June 5, 2020
Agriculture, Professional services, Natural Resources, Finance, Economy, Credit rating agencies, Fitch Ratings, Carbon neutrality, Productivity improving technologies, Economic sectors, Articles

Bioceres Crop Solutions Corp. (Bioceres or the Company) (NYSE American: BIOX), a fully-integrated provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, announced today that FIX SCR, an affiliate of Fitch Ratings, has raised to A- (arg) from BBB+ (arg) its long-term credit rating of Rizobacter Argentina S.A. (Rizobacter), a Bioceres subsidiary.

Key Points: 
  • Bioceres Crop Solutions Corp. (Bioceres or the Company) (NYSE American: BIOX), a fully-integrated provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, announced today that FIX SCR, an affiliate of Fitch Ratings, has raised to A- (arg) from BBB+ (arg) its long-term credit rating of Rizobacter Argentina S.A. (Rizobacter), a Bioceres subsidiary.
  • FIX SCR also raised Rizobacters short-term credit rating to A2 (arg) from A3 (arg).
  • FIX SCR cited improved margins and lower debt levels as the main reasons for raising its credit ratings of Rizobacter, both of which have Stable outlooks.
  • About Bioceres Crop Solutions Corp.
    Bioceres Crop Solutions Corp. (NYSE American: BIOX) is a fully-integrated global provider of crop productivity technologies designed to enable the transition of agriculture towards carbon neutrality.

KBRA Publishes Rating Report for Crescent Capital BDC, Inc.

Retrieved on: 
Thursday, June 4, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Credit rating agencies, Nationally recognized statistical rating organization, Kroll Bond Rating Agency, Bond credit rating, Business Development Company, Crescent Capital Group

On May 12th 2020, Kroll Bond Rating Agency (KBRA) assigned a BBB- issuer rating with a Stable Outlook for Crescent Capital BDC, Inc. (NASDAQ: CCAP or the Company), a business development company (BDC).

Key Points: 
  • On May 12th 2020, Kroll Bond Rating Agency (KBRA) assigned a BBB- issuer rating with a Stable Outlook for Crescent Capital BDC, Inc. (NASDAQ: CCAP or the Company), a business development company (BDC).
  • The Company is externally managed by Crescent Cap Advisors, LLC, an affiliate of Crescent Capital Group LP (Crescent) which together with its subsidiaries manages over $28 billion in assets under management, focused on below investment grade credit markets.
  • The rating reflects Crescents well-established franchise in the middle-market lending space, robust origination platform, experienced management team and strong risk management.
  • KBRA is a full-service credit rating agency registered as an NRSRO with the U.S. Securities and Exchange Commission.

AM Best Affirms Credit Ratings of ELCO Mutual Life and Annuity

Retrieved on: 
Thursday, June 4, 2020
Insurance, Professional services, Finance, Credit rating agencies, Economy, Credit, Credit rating, Rating, AM Best

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bb+ of ELCO Mutual Life and Annuity (ELCO) (Lake Bluff, IL).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bb+ of ELCO Mutual Life and Annuity (ELCO) (Lake Bluff, IL).
  • The outlook of these Credit Ratings (ratings) remains positive.
  • 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 .