credit ratings

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 38 classes of asset-backed securities from Towd Point Mortgage Trust 2025-FIX1 (TPMT 2025-FIX1), a $350.3 million RMBS transaction. As of the Statistical Calculation Date, it is sponsored by CRM 2 Sponsor, LLC (CRM Sponsor) and FirstKey Mortgage, LLC (FirstKey or FKM Sponsor). The underlying pool consists of 3,814 fixed-rate, second lien HELOC mortgages (HELOC; 100%) originated entirely by Spring EQ, LLC (Spring EQ; 100.0%). The fix

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 76 classes of mortgage pass-through notes from OBX 2025-J2 Trust, a $304.4 million prime RMBS transaction. The underlying collateral, comprising 241 fixed-rate, fully amortizing loans is characterized by moderate borrower equity, as evidenced by the WA original LTV of 73.1%, and has a WA original credit score of 784. KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Auto Club MAPFRE Insurance Company (ACMIC) (Columbus, OH). ACMIC’s Credit Ratings (ratings) have been placed under review with negative implications due to a decline in the company’s surplus and risk-adjusted capitalization as of second-quarter 2025, resulting in negative pressure on the overall b

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” (Superior) of United States Liability Insurance Company (USLI) and its subsidiaries: Mount Vernon Fire Insurance Company; U.S. Underwriters Insurance Company (Bismarck, ND); Mount Vernon Specialty Insurance Company; and Radnor Specialty Insurance Company. The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Omaha

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Saudi Arabian Insurance Company B.S.C. (c) (Damana) (Bahrain). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Damana’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management. The ratings also factor in

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Stonetrust Commercial Insurance Company and Stonetrust Premier Casualty Insurance Company. The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The companies are domiciled in Omaha, NE and are collectively known as Stonetrust Insurance Group (Stonetrust). The

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 11 classes of mortgage pass-through notes from J.P. Morgan Mortgage Trust 2025-7MPR (JPMMT 2025-7MPR). The pool comprises 293 first-lien, fixed rate residential mortgage loans with an aggregate principal balance of $393.4 million as of the cut-off date. The pool includes both non-agency (93.4%) and agency-eligible (6.6%) loans. The weighted average original credit score is 765, which is well within the prime mortgage range. KBRA’s r

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term ICR of “bbb-” (Good) of Star Mutual Risk Retention Group, Inc. (Star Mutual) (Knoxville, TN). The Credit Ratings (ratings) reflect Star Mutual’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The negat

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Midland National Life Insurance Company (Midland National) and North American Company for Life and Health Insurance (North American) (both domiciled in West Des Moines, IA). In addition, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Sammons Financia

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to six classes of mortgage-backed notes from OBX 2025-NQM11 Trust, a $650.1 million non-prime RMBS transaction. The underlying collateral, comprising 1,207 residential mortgages, is characterized by a notable concentration of alternative income documentation (86.5%) loans. Most of the loans are classified as non-qualified mortgages (Non-QM) (47.6%) or exempt (45.1%) from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule due to bein

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes issued by HTS Fund II LLC (HTS 2025-1), a $155.3 million property tax lien ABS transaction. Proceeds from the Notes will be used to acquire a portfolio of 4,649 property tax loan assets from municipalities within Texas, including Harris County (21.9%), Dallas (13.3%), and Bexar (6.4%), with a redemptive value of approximately $138.2 million (the Initial Tax Loans) and a weighted average interest rate of 12.8%. H

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to three classes of notes totaling to $123.17 million issued by FinBe USA Trust 2025-1 (“FinBe 2025-1” or the “Issuer”), a subprime auto loan ABS transaction. Credit enhancement on the notes is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. As of the April 30, 2025 statistical cutoff date, the notes are collateralized by a pool of fixed rate installment automobile lo