National Association of Insurance Commissioners

KBRA Releases Report Assigning AA- Rating to Pennsylvania Turnpike Commission Turnpike Revenue Bonds, Series B of 2022; Affirms Ratings for Related Obligations; Outlook is Stable

Retrieved on: 
Tuesday, November 8, 2022

KBRA assigns a long-term rating of AA- to the Pennsylvania Turnpike Commission Turnpike Revenue Bonds, Series B of 2022 and affirms the rating of AA- for parity Turnpike Revenue Bonds.

Key Points: 
  • KBRA assigns a long-term rating of AA- to the Pennsylvania Turnpike Commission Turnpike Revenue Bonds, Series B of 2022 and affirms the rating of AA- for parity Turnpike Revenue Bonds.
  • KBRA additionally affirms the long-term rating of A+ for the Commissions Turnpike Subordinate Revenue Bonds and the long-term rating of AA- for the Commissions Motor License Fund-Enhanced Turnpike Subordinate Special Revenue Bonds.
  • 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 Assigns Preliminary Ratings to Temple Quay No.1 PLC

Retrieved on: 
Tuesday, November 8, 2022

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 Assigns Preliminary Ratings to American Credit Acceptance Receivables Trust 2022-4

Retrieved on: 
Monday, November 7, 2022

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 AA- Ratings to Metropolitan Nashville Airport Authority, TN Airport Improvement Revenue Bonds Series 2022A and 2022B; Affirms Parity and Subordinate Debt; Outlook Remains Stable

Retrieved on: 
Friday, November 4, 2022

On November 3, 2022, KBRA assigned long-term ratings of AA- to the Metropolitan Nashville Airport Authority Airport Improvement Revenue Bonds, Series 2022A and Airport Improvement Revenue Bonds, Series 2022B, and affirmed the AA- rating for parity debt and the A+ rating for subordinate debt.

Key Points: 
  • On November 3, 2022, KBRA assigned long-term ratings of AA- to the Metropolitan Nashville Airport Authority Airport Improvement Revenue Bonds, Series 2022A and Airport Improvement Revenue Bonds, Series 2022B, and affirmed the AA- rating for parity debt and the A+ rating for subordinate debt.
  • 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 Releases Report Assigning AA- to Metropolitan Pier and Exposition Authority (Illinois) McCormick Place Expansion Project Refunding Bonds, Series 2022B; Affirms Parity Debt; Outlook Remains Stable

Retrieved on: 
Thursday, November 3, 2022

On November 1, 2022, KBRA assigned a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2022B and affirmed the AA- rating for parity debt.

Key Points: 
  • On November 1, 2022, KBRA assigned a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2022B and affirmed the AA- rating for parity debt.
  • 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 Releases Report Assigning AAA Rating to Los Angeles Unified School District GO Bonds, Series QRR (2022); Affirms Parity Obligations; Outlook Remains Stable

Retrieved on: 
Wednesday, November 2, 2022

On November 1, 2022, KBRA assigned a long-term rating of AAA to the Los Angeles Unified School District (County of Los Angeles, CA) General Obligation Bonds, Series QRR (2022) (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Sustainability Bonds) and affirms the AAA rating for parity obligations.

Key Points: 
  • On November 1, 2022, KBRA assigned a long-term rating of AAA to the Los Angeles Unified School District (County of Los Angeles, CA) General Obligation Bonds, Series QRR (2022) (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Sustainability Bonds) and affirms the AAA rating for parity obligations.
  • A significant year over year decline in the ad valorem tax base would negatively impact the rating.
  • 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 Releases Report Assigning A+ and AA- Ratings to Clark County, NV’s Jet Aviation Fuel Tax Refunding Revenue Bonds Series 2022A and PFC Refunding Revenue Bonds Series 2022B, Respectively

Retrieved on: 
Wednesday, November 2, 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.

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.

KBRA Assigns Preliminary Ratings to Sunnova Helios X Issuer, LLC, Solar Loan Backed Notes, Series 2022-C

Retrieved on: 
Monday, October 31, 2022

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.
  • 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 Atlas Corp.’s Issuer Rating of BB+, Stable

Retrieved on: 
Monday, October 31, 2022

KBRA publishes the BB+ issuer rating assigned to Atlas Corp. (Atlas or the Company).

Key Points: 
  • KBRA publishes the BB+ issuer rating assigned to Atlas Corp. (Atlas or the Company).
  • On September 23, 2022, Kroll Bond Rating Agency (KBRA) initially assigned an unpublished BB+ issuer rating to Atlas Corp. with a Stable Outlook.
  • In the absence of material debt obligations at the holding company level, the issuer rating for Atlas is aligned with the Seaspan issuer rating of BB+.
  • The rating of Atlas Corp. has a Stable Outlook; therefore, a rating upgrade in the near future is not expected.

RISR Celebrates its 1-year anniversary ranked by Morningstar in the Top 1% by performance for Non-Traditional Bond Funds  

Retrieved on: 
Wednesday, October 26, 2022

As of September 30, 2022 Morningstar has ranked RISR in the top 1% by performance among 336 Non-Traditional Bond Funds over a 1 year period.

Key Points: 
  • As of September 30, 2022 Morningstar has ranked RISR in the top 1% by performance among 336 Non-Traditional Bond Funds over a 1 year period.
  • In the past this kind of risk management tool would only be available to hedge funds and other big institutions.
  • RISR can make these benefits available to ETF investors in a way that didnt exist before we created it.
  • Morningstar rankings represent a fund's total return percentile rank relative to all funds in the same Morningstar category.