Credit rating agencies

KBRA Releases Research Report – Up in Vape: The Growth in E-Cigarette Taxes

Retrieved on: 
Monday, August 26, 2019

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Key Points: 
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA).
  • Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

KBRA Releases Report on Environmental, Social and Governance (ESG) Risk by Sector

Retrieved on: 
Monday, August 26, 2019

Kroll Bond Rating Agency (KBRA) releases its report on Environmental, Social and Governance (ESG) Risk by Sector.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases its report on Environmental, Social and Governance (ESG) Risk by Sector.
  • This research report provides a sector-by-sector synopsis of how ESG factors may affect KBRAs credit analysis.
  • The main takeaways from the report are:
    KBRA weighs all relevant factors when assessing credit risk, including ESG factors, where applicable.
  • In addition, KBRA assesses the relevance of ESG factors to key credit metrics and their possible effects on the credit risk of an issuer.

Moody’s Corporation to Present at the Barclays Global Financial Services Conference on September 9, 2019 in New York

Retrieved on: 
Monday, August 26, 2019

Mark Kaye, Senior Vice President and Chief Financial Officer of Moody's Corporation (NYSE:MCO), will speak at the Barclays Global Financial Services Conference on Monday, September 9, 2019 in New York.

Key Points: 
  • Mark Kaye, Senior Vice President and Chief Financial Officer of Moody's Corporation (NYSE:MCO), will speak at the Barclays Global Financial Services Conference on Monday, September 9, 2019 in New York.
  • Mr. Kayes presentation will begin at approximately 9:45 a.m. Eastern Time and will be webcast live.
  • Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets.
  • The corporation, which reported revenue of $4.4 billion in 2018, employs approximately 13,200 people worldwide and maintains a presence in 44 countries.

Mercy College's 'A' Stable Outlook Credit Rating Reaffirmed by Standard & Poor's

Retrieved on: 
Saturday, August 24, 2019

DOBBS FERRY, N.Y., Aug. 23, 2019 /PRNewswire-PRWeb/ --Mercy College today announced its 'A' Stable Outlook credit rating was reaffirmed by Standard & Poor's Rating Services, which is evidence of the College's strong capacity to meet its financial commitments and maintain a healthy financial outlook.

Key Points: 
  • DOBBS FERRY, N.Y., Aug. 23, 2019 /PRNewswire-PRWeb/ --Mercy College today announced its 'A' Stable Outlook credit rating was reaffirmed by Standard & Poor's Rating Services, which is evidence of the College's strong capacity to meet its financial commitments and maintain a healthy financial outlook.
  • In assigning the 'A' rating with a stable outlook, Standard & Poor's also cited the agreement with The College of New Rochelle (CNR) to provide CNR students with an uninterrupted pathway to achieving their college degrees.
  • "Standard & Poor's rating recognizes Mercy College's keen fiscal responsibility, management and stability," said Bruce J. Haber, Chairman of the Board of Mercy College.
  • "The 'A' rating by Standard & Poor's is a testament to Mercy College's ongoing financial stewardship and management," said President Tim Hall.

KBRA Releases Report Assigning an AA+ with a Stable Outlook to the Metropolitan Transit Authority of Harris County, TX Series 2019 A & B

Retrieved on: 
Friday, August 23, 2019

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Key Points: 
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA).
  • Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

AM Best Affirms Credit Ratings of Protective Insurance Corporation and Its Subsidiaries

Retrieved on: 
Friday, August 23, 2019

AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of a of Protective Specialty Insurance Company (Protective Specialty).

Key Points: 
  • AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of a of Protective Specialty Insurance Company (Protective Specialty).
  • Concurrently, AM Best has affirmed the Long-Term ICR of bbb of Protective Insurance Corporation, the organizations publicly traded ultimate parent [NASDAQ: PTVCA, PTVCB].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Foundation Life (NZ) Limited

Retrieved on: 
Friday, August 23, 2019

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Foundation Life (NZ) Limited (FLNZ) (New Zealand).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Foundation Life (NZ) Limited (FLNZ) (New Zealand).
  • The balance sheet assessment also factors in a neutral holding company assessment, following a review of Foundation Life (NZ) Holdings Limited (FLNZH), which owns 100% of FLNZ.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Ping An Health Insurance Company of China, Ltd.

Retrieved on: 
Monday, August 26, 2019

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Ping An Health Insurance Company of China, Ltd. (Ping An Health) (China).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Ping An Health Insurance Company of China, Ltd. (Ping An Health) (China).
  • Ping An Health has turned around to profit-making for two consecutive years, as a result of its transformation of business focus to individual health insurance.
  • Negative rating actions also could occur if Ping An Group reduces the level of support given to Ping An Health.
  • 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 Hanwha General Insurance Company Limited

Retrieved on: 
Friday, August 23, 2019

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Hanwha General Insurance Company Limited (HGI) (South Korea).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Hanwha General Insurance Company Limited (HGI) (South Korea).
  • The ratings also reflect various forms of implicit and explicit support the company receives from its parent, Hanwha Life Insurance Co., Ltd. (Hanwha Life).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Caisse Centrale de Réassurance and CCR RE

Retrieved on: 
Thursday, August 22, 2019

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa of Caisse Centrale de Rassurance (CCR) (France).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa of Caisse Centrale de Rassurance (CCR) (France).
  • Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of a of CCR RE (France).
  • AM Best considers CCR REs financial flexibility to be limited, given the clear segregation of activities between CCR RE and CCR.
  • 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 .