Credit rating agencies

KBRA Releases Monthly Auto Loan Indices for February

Retrieved on: 
Thursday, March 14, 2019
Professional services, Insurance, Finance, Money, Economy, Credit rating agencies, Nationally recognized statistical rating organization, Kroll Bond Rating Agency, Shelf registration, Prospectus, Bond credit rating, Asset-backed security, Security, Bond

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, is 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.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20190314005152/en/

AM Best Comments on Under Review Status of Tri-State Consumer Insurance Company Following Termination of Acquisition Agreement

Retrieved on: 
Wednesday, March 13, 2019
Professional services, Insurance, Economy, Finance, Money, Credit rating agencies, Insurance, AM Best, Underwriting

AM Best placed Tri-States ratings under review with negative implications on Dec. 10, 2018, following the announcement of the stock purchase agreement to sell Tri-State to Standard Diversified Inc.

Key Points: 
  • AM Best placed Tri-States ratings under review with negative implications on Dec. 10, 2018, following the announcement of the stock purchase agreement to sell Tri-State to Standard Diversified Inc.
  • The negative outlook was driven by adverse trends in underwriting results that deteriorated to levels not consistent with prior-year results.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • AM Best is a global rating agency and information provider with a unique focus on the insurance industry.

KBRA Releases UK RMBS: Market Uncertainty, BTL Demand to Remain

Retrieved on: 
Wednesday, March 13, 2019
Professional services, Banking, Finance, Housing in the United Kingdom, Economy, Credit rating agencies, Kroll Bond Rating Agency, Finance, BTL, Brexit, Buy to let, Affordability of housing in the United Kingdom, Money

Kroll Bond Rating Agency Europe Limited (KBRA) releases its UK RMBS: Market Uncertainty, BTL Demand to Remain report, which provides an outlook for the UK buy-to-let (BTL) RMBS sector.

Key Points: 
  • Kroll Bond Rating Agency Europe Limited (KBRA) releases its UK RMBS: Market Uncertainty, BTL Demand to Remain report, which provides an outlook for the UK buy-to-let (BTL) RMBS sector.
  • The report also assesses the UK housing market, the impact of policy changes and the main themes for the remainder of 2019.
  • In our sector outlook, we describe the transitioning housing market characteristics based on the economic uncertainty caused by Brexit, as well as how BTL property demand is adapting to these changes.
  • In our assessment of the UK BTL RMBS sector, we focus on issuance volume and portfolio characteristics over time.

AM Best Assigns Issue Credit Rating to American Financial Group, Inc.’s New Subordinated Debentures

Retrieved on: 
Tuesday, March 12, 2019
Professional services, Finance, Insurance, Finance, Credit rating agencies, Economy, Credit rating, AM Best

AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to the new $125 million 5.875% 40-year subordinated debentures, due 2059, of American Financial Group, Inc. (AFG) (Cincinnati, OH) [NYSE:AFG].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to the new $125 million 5.875% 40-year subordinated debentures, due 2059, of American Financial Group, Inc. (AFG) (Cincinnati, OH) [NYSE:AFG].
  • The outlook assigned to this Credit Rating (rating) is stable.
  • 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 Downgrades Credit Ratings of Saucon Insurance Company

Retrieved on: 
Tuesday, March 12, 2019
Professional services, Insurance, Credit rating agencies, Economy, Finance, Money, AM Best, Insurance, Nationally recognized statistical rating organization

The outlook of these Credit Ratings (ratings) remains stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) remains stable.
  • 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 is a global rating agency and information provider with a unique focus on the insurance industry.

Standard & Poor's and Moody's Uphold Investment Grade Ratings for Yanfeng Automotive Interiors at 'BBB-'and 'Baa3'

Retrieved on: 
Thursday, March 14, 2019
Yanfeng Automotive Interiors, Administrative divisions of China, Credit rating agencies, Adient, Moody's Investors Service, Yanfeng District, Companies

This is the third consecutive year that S&P and Moody's have rated the company investment grade.

Key Points: 
  • This is the third consecutive year that S&P and Moody's have rated the company investment grade.
  • "We are pleased that S&P and Moody's have both upheld their investment grade ratings for YFAI," said Steve Meszaros, CEO of Yanfeng Automotive Interiors.
  • Yanfeng Automotive Interiors (YFAI) is the global leader in automotive interiors.
  • Established in 2015, Yanfeng Automotive Interiors is a joint venture between Yanfeng, one of the largest automotive suppliers in China and Adient, the global leader in automotive seating.

Morningstar Credit Ratings to Begin Rating CRE CLOs

Retrieved on: 
Tuesday, March 12, 2019
Financial markets, Finance, Money, Mortgage-backed security, Structured finance, Commercial mortgage-backed security, Nationally recognized statistical rating organization, Credit rating agencies, CRE, Mortgage industry of the United States, Morningstar, Inc.

NEW YORK, March12, 2019 /PRNewswire/ --Morningstar Credit Ratings, LLC today published an appendix to its U.S. CMBS Conduit/Fusion Ratings Methodology that outlines the process the company will apply when rating pools of transitional commercial real estate collateral, commonly known as commercial real estate collateralized loan obligations (CRE CLOs).

Key Points: 
  • NEW YORK, March12, 2019 /PRNewswire/ --Morningstar Credit Ratings, LLC today published an appendix to its U.S. CMBS Conduit/Fusion Ratings Methodology that outlines the process the company will apply when rating pools of transitional commercial real estate collateral, commonly known as commercial real estate collateralized loan obligations (CRE CLOs).
  • "We are very excited to begin rating CRE CLOs," said Kurt Pollem, managing director and head of CMBS at Morningstar Credit Ratings.
  • Morningstar will utilize its CRE Credit Model as the basis for calculating expected losses for a pool of transitional commercial real estate loans.
  • Morningstar Credit Ratings, LLC is a nationally recognized statistical rating organization (NRSRO) offering a wide array of services including new-issue ratings and analysis, operational risk assessments, surveillance services, data, and technology solutions.

AM Best Revises Outlooks to Positive for Memorial Hermann Health Plan, Inc. and Memorial Hermann Health Insurance Company

Retrieved on: 
Friday, March 8, 2019
Professional services, Finance, Insurance, Economy, Finance, Money, Healthcare in Houston, Memorial Hermann Health System, Credit rating agencies, Types of insurance, Insurance, Hermann, AM Best, Rating, Health insurance

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb-of Memorial Hermann Health Plan, Inc. and Memorial Hermann Health Insurance Company.

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb-of Memorial Hermann Health Plan, Inc. and Memorial Hermann Health Insurance Company.
  • The ratings reflect Memorial Hermann Insurance Operations balance sheet strength, which AM Best categorizes as adequate, as well as its weak operating performance, limited business profile, and appropriate enterprise risk management.
  • The ratings also reflect Memorial Hermann Insurance Operations strategic role as the managed care subsidiary of Memorial Hermann Health System (Memorial Hermann), a fully integrated health care delivery system, as well as Memorial Hermanns established network and overall creditworthiness, which enhances each entitys assessment.
  • Furthermore, the parent organization has historically demonstrated explicit financial support in the form of capital contributions to Memorial Hermann Insurance Operations.

AM Best Assigns Credit Ratings to Reunion Re Compañia de Reaseguros S.A.

Retrieved on: 
Friday, March 8, 2019
Professional services, Finance, Insurance, Finance, Credit rating agencies, Economy, Credit rating, AM Best

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb to Reunion Re Compaia de Reaseguros S.A. (Reunion Re) (Argentina).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb to Reunion Re Compaia de Reaseguros S.A. (Reunion Re) (Argentina).
  • The outlook assigned to these Credit Ratings (ratings) is stable.
  • 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 CESCE México, S.A. de C.V. and CESCE Fianzas México, S.A. de C.V.

Retrieved on: 
Friday, March 8, 2019
Professional services, Insurance, Finance, Economy, Credit rating agencies, Money, Credit, Credit rating, Rating, AM Best, Reinsurance

The ratings of CESCEM and CESCEF also reflect their affiliation with Compaa Espaola de Seguros de Crdito a la Exportacin (CESCE), excellent risk-adjusted capitalization and well-structured reinsurance program.

Key Points: 
  • The ratings of CESCEM and CESCEF also reflect their affiliation with Compaa Espaola de Seguros de Crdito a la Exportacin (CESCE), excellent risk-adjusted capitalization and well-structured reinsurance program.
  • Partially offsetting these positive rating factors are CESCEMs negative bottom line results and the intense competition in Mexicos credit insurance segment.
  • 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 .