National Association of Insurance Commissioners

KBRA Releases Report Assigning AA Rating to State of Connecticut GO Bonds 2022 Series E, 2022 Series F (Social Bonds), and Refunding 2022 Series G; Affirms Parity Debt; Outlook is Stable

Retrieved on: 
Monday, November 28, 2022
Professional Services, Finance, European Securities and Markets Authority, Issuer, Société des Produits Nestlé S.A. v. Cadbury UK Limited, Surety, National Association, Union, ESG, AA, CRA, State, Prospectus, Ontario Securities Commission, Insurance commissioner, Credit, KBRA, National Association of Insurance Commissioners, Security (finance), Telescopic sight

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.

Key Points: 
  • 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.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Alpine Income Property Trust Provides Operational Update

Retrieved on: 
Monday, November 14, 2022
National Association of Insurance Commissioners, Investment, Sale, PARK, National Association, CMBS, Uncertainty, ABR, PINE, Tenant, NYSE, Real estate investment trust, Acquisition, The Home Depot, COVID-19, Fitch Ratings, S&P Global Ratings, Commercial property, Real estate, Walgreens

Sold one net lease property to date during the fourth quarter of 2022 for $2.0 million at an exit cap rate of 5.2%, generating a gain on sale of $1.6 million.

Key Points: 
  • Sold one net lease property to date during the fourth quarter of 2022 for $2.0 million at an exit cap rate of 5.2%, generating a gain on sale of $1.6 million.
  • The Companys top five tenants based on total annualized base rent are Walgreens, Dicks Sporting Goods, Dollar Tree/Family Dollar, Lowes and Dollar General.
  • About Alpine Income Property Trust, Inc.
    Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.
  • The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

KBRA Assigns Preliminary Ratings to Kapitus Asset Securitization II LLC, Series 2022-3

Retrieved on: 
Tuesday, November 22, 2022
Banking, Professional Services, Finance, Ontario Securities Commission, National Association, ESG, National Association of Insurance Commissioners, CRA, Credit, Prospectus, European Securities and Markets Authority, Jetivia SA v Bilta (UK) Limited (in liquidation), UK, Insurance commissioner, KBRA, Security (finance)

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.

Key Points: 
  • Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.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 Assigns Preliminary Ratings to Notes Issued by Genesis Sales Finance Master Trust, Series 2022-A

Retrieved on: 
Monday, November 21, 2022
Professional Services, Finance, Sale, Marketing, Advertising, Class, Ontario Securities Commission, KBRA, National Association, ESG, National Association of Insurance Commissioners, CRA, Credit, Prospectus, Policy, European Securities and Markets Authority, Jetivia SA v Bilta (UK) Limited (in liquidation), UK, Credit card, FICO, Oklahoma Insurance Commissioner, Online shopping, Risk management, Telescopic sight

KBRA assigns preliminary ratings to six classes of notes issued by Genesis Sales Finance Master Trust, Series 2022-A (GSFMT Series 2022-A), a credit card asset-backed securitization.

Key Points: 
  • KBRA assigns preliminary ratings to six classes of notes issued by Genesis Sales Finance Master Trust, Series 2022-A (GSFMT Series 2022-A), a credit card asset-backed securitization.
  • The preliminary ratings reflect initial credit enhancement levels of 64.03% for the Class A notes to 14.32% for the Class F notes.
  • KBRA also conducted an operational assessment of Genesis, as well as a review of the transactions legal structure and transaction documents.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Releases Report Assigning AAA Rating to Harris County, TX’s Tax & Subordinate Lien Revenue Certificates of Obligation, Series 2022

Retrieved on: 
Monday, November 21, 2022
Banking, Professional Services, Finance, Insurance commissioner, Outlook, Ontario Securities Commission, National Association, ESG, National Association of Insurance Commissioners, CRA, Credit, Prospectus, European Securities and Markets Authority, Jetivia SA v Bilta (UK) Limited (in liquidation), UK, AAA, KBRA, Security (finance), Telescopic sight

On November 16, 2022, KBRA assigned a long-term rating of AAA to Harris County, TXs Tax and Subordinate Lien Revenue Certificates of Obligation, Series 2022.

Key Points: 
  • On November 16, 2022, KBRA assigned a long-term rating of AAA to Harris County, TXs Tax and Subordinate Lien Revenue Certificates of Obligation, Series 2022.
  • 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.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2022-DSC1 (JPMMT 2022-DSC1)

Retrieved on: 
Monday, November 21, 2022
Banking, Professional Services, Finance, Ontario Securities Commission, National Association, ESG, National Association of Insurance Commissioners, CRA, Credit, Prospectus, European Securities and Markets Authority, Jetivia SA v Bilta (UK) Limited (in liquidation), UK, Insurance commissioner, KBRA, Security (finance)

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.

Key Points: 
  • Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.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 Report Assigning A- Rating to NJTTFA Transportation Program Bonds, 2022 Series CC; Affirms Ratings for New Jersey GO and Related State Appropriation Credits; Outlook Remains Positive

Retrieved on: 
Thursday, November 17, 2022
Professional Services, Finance, Ontario Securities Commission, National Association, ESG, National Association of Insurance Commissioners, CRA, Credit, Prospectus, European Securities and Markets Authority, Jetivia SA v Bilta (UK) Limited (in liquidation), UK, Kansas Insurance Commissioner, KBRA, Public utility, Telescopic sight, Security (finance)

On November 15, 2022 KBRA assigned a long-term rating of A- with a Positive Outlook to the New Jersey Transportation Trust Fund Authority (NJTTFA) Transportation Program Bonds, 2022 Series CC.

Key Points: 
  • On November 15, 2022 KBRA assigned a long-term rating of A- with a Positive Outlook to the New Jersey Transportation Trust Fund Authority (NJTTFA) Transportation Program Bonds, 2022 Series CC.
  • KBRA additionally affirmed the long-term rating of A with a Positive Outlook for the State of New Jerseys General Obligation Bonds.
  • Lastly, KBRA affirmed the long-term rating of A- with a Positive Outlook for the following bonds:
    To access ratings and relevant documents, click here .
  • 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 Assigns Preliminary Ratings to FS Rialto 2022-FL7

Retrieved on: 
Wednesday, November 16, 2022
Professional Services, Finance, Ontario Securities Commission, National Association, ESG, National Association of Insurance Commissioners, CRA, Credit, Prospectus, European Securities and Markets Authority, Jetivia SA v Bilta (UK) Limited (in liquidation), UK, Insurance commissioner, KBRA, Security (finance)

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.

Key Points: 
  • Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.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 Report Assigning Rating to the Louisiana Local Government Environmental Facilities and Community Development Authority Insurance Assessment Revenue Bonds (Louisiana Insurance Guaranty Association Project), Series 2022B; Stable Outlook

Retrieved on: 
Wednesday, November 9, 2022
Professional Services, Insurance, Finance, Series, ESG, Oklahoma Insurance Commissioner, National Association of Insurance Commissioners, Ontario Securities Commission, Prospectus, National Association, Community development, Credit, European Securities and Markets Authority, U.S. Securities and Exchange Commission, UK, CRA, Jetivia SA v Bilta (UK) Limited (in liquidation), Outlook, KBRA, LLC

On November 7, KBRA assigned long-term rating of AA- to the Louisiana Local Government Environmental Facilities and Community Development Authority Insurance Assessment Revenue Bonds (Louisiana Insurance Guaranty Association Project), Series 2022B.

Key Points: 
  • On November 7, KBRA assigned long-term rating of AA- to the Louisiana Local Government Environmental Facilities and Community Development Authority Insurance Assessment Revenue Bonds (Louisiana Insurance Guaranty Association Project), Series 2022B.
  • 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.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Publishes Long-Term Credit Rating of AA with a Stable Outlook for Fidus Re Ltd.’s Series 2022-1 Class A Principal-at-Risk Variable Rate Notes

Retrieved on: 
Wednesday, November 9, 2022
Professional Services, Insurance, Finance, AA, ESG, Insurance commissioner, National Association of Insurance Commissioners, Ontario Securities Commission, Prospectus, National Association, KBRA, Credit, European Securities and Markets Authority, U.S. Securities and Exchange Commission, Bermuda, UK, CRA, Jetivia SA v Bilta (UK) Limited (in liquidation), Outlook, LLC, Telescopic sight, Security (finance)

KBRA publishes the long-term credit rating of AA assigned to Fidus Re Ltd.s Series 2022-1 Class A Principal-at-Risk Variable Rate Notes due January 11, 2035.

Key Points: 
  • KBRA publishes the long-term credit rating of AA assigned to Fidus Re Ltd.s Series 2022-1 Class A Principal-at-Risk Variable Rate Notes due January 11, 2035.
  • On October 14, 2022, KBRA initially assigned an unpublished AA long-term credit rating with a Stable Outlook.
  • This is the third issuance of notes by Fidus (the Series 2018-1 notes (Fidus I) and the Series 2021-1 notes (Fidus II) are both rated AA/Stable ).
  • 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.