Bond credit rating

CDB Aviation Executes $660 Million Portfolio Financing Backed by 13 Airbus and Boeing Aircraft

Retrieved on: 
Wednesday, August 4, 2021

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced today the company has entered into a facility agreement for the secured portfolio of thirteen Airbus and Boeing aircraft, valued at approximately US$660 million.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced today the company has entered into a facility agreement for the secured portfolio of thirteen Airbus and Boeing aircraft, valued at approximately US$660 million.
  • The first large-sized portfolio financing executed by the lessor since the onset of the COVID-19 pandemic is secured with a combination of Airbus A320-200 and A350-900 as well as Boeing 737 MAX 8 and 787-9 Dreamliner aircraft.
  • Crdit Agricole Corporate and Investment Bank acted as Facility Agent and Security Trustee, and Natixis and MUFG Bank Ltd. jointly coordinated the transaction.
  • CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) a 36-year-old Chinese leasing company that is backed mainly by the China Development Bank.

KBRA Assigns A+ Rating to Allegheny County Airport Authority (Pittsburgh International Airport); Outlook is Stable

Retrieved on: 
Tuesday, August 3, 2021

Kroll Bond Rating Agency (KBRA) assigns a long-term rating of A+ with a Stable Outlook to the Airport Revenue Bonds, Series 2021A (AMT) and Airport Revenue Bonds, Series 2021B (Non-AMT) issued by Allegheny County Airport Authority (Pittsburgh International Airport).

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns a long-term rating of A+ with a Stable Outlook to the Airport Revenue Bonds, Series 2021A (AMT) and Airport Revenue Bonds, Series 2021B (Non-AMT) issued by Allegheny County Airport Authority (Pittsburgh International Airport).
  • The Allegheny County Airport Authority manages Pittsburgh International Airport (PIT), a commercial, international airport and Allegheny County Airport (AGC), a general aviation reliever airport to PIT.
  • 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 Theorem Funding Trust 2021-1

Retrieved on: 
Tuesday, August 3, 2021

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 BSREP 2021-DC

Retrieved on: 
Monday, August 2, 2021

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 Ratings to Brotherhood Mutual Insurance Company

Retrieved on: 
Monday, August 2, 2021

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 BB+ Rating to Issuer America First Multifamily Investors, L.P. (Nasdaq: ATAX)

Retrieved on: 
Monday, August 2, 2021

Kroll Bond Rating Agency (KBRA) has assigned its BB+ rating to issuer America First Multifamily Investors, L.P. (ATAX).

Key Points: 
  • Kroll Bond Rating Agency (KBRA) has assigned its BB+ rating to issuer America First Multifamily Investors, L.P. (ATAX).
  • KBRA considered ATAXs currently outstanding $94.5 million preferred units in its rating analysis but has not assigned a rating to the preferred units.
  • 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 A+ Rating to Allegheny County Airport Authority (Pittsburgh International Airport); Outlook is Stable

Retrieved on: 
Friday, July 30, 2021

Kroll Bond Rating Agency (KBRA) assigns a long-term rating of A+ with a Stable Outlook to the Airport Revenue Bonds, Series 2021A (AMT) and Airport Revenue Bonds, Series 2021B (Non-AMT) issued by Allegheny County Airport Authority (Pittsburgh International Airport).

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns a long-term rating of A+ with a Stable Outlook to the Airport Revenue Bonds, Series 2021A (AMT) and Airport Revenue Bonds, Series 2021B (Non-AMT) issued by Allegheny County Airport Authority (Pittsburgh International Airport).
  • The Allegheny County Airport Authority manages Pittsburgh International Airport (PIT), a commercial, international airport and Allegheny County Airport (AGC), a general aviation reliever airport to PIT.
  • 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 CSMC 2021-NQM5 Trust (CSMC 2021-NQM5)

Retrieved on: 
Tuesday, July 27, 2021

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 UWM Mortgage Trust 2021-INV1 (UWM 2021-INV1)

Retrieved on: 
Tuesday, July 27, 2021

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.

Fitch affirms Ohio National’s ratings

Retrieved on: 
Monday, July 26, 2021

CINCINNATI, July 26, 2021 (GLOBE NEWSWIRE) -- Ohio National Financial Services announced that Fitch Ratings has affirmed ratings for the financial strength of The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation at ‘A-’ with stable outlook.

Key Points: 
  • Fitch views Ohio National as well positioned in its primary markets of life, disability and fixed annuities
    CINCINNATI, July 26, 2021 (GLOBE NEWSWIRE) -- Ohio National Financial Services announced that Fitch Ratings has affirmed ratings for the financial strength of The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation at A- with stable outlook.
  • According to Fitch, insurers rated with a category have high credit quality and are subject to low credit default risk.
  • Further supporting Ohio Nationals strong capitalization is the company's reported NAIC risk-based capital (RBC) which is consistent with the 'aaa' category.
  • Products are issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation.