Bond & Stock Rating News

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “b+” (Marginal) from “bb-” (Fair) of Southern General Insurance Company (SGIC) (Atlanta, GA). The outlook of the FSR has been revised to stable from negative, while the outlook of the Long-Term ICR is negative. Concurrently, AM Best has withdrawn the Credit Ratings (ratings) as the company has requested to no longer...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Spirit and Radius’ balance sheet strength, which AM Best assesses as very strong, as well as each company’s adequate operating performance, neutral busin...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented on the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Hildene Re SPC, Ltd. (Hildene Re) (Cayman Islands) remain unchanged following the announced acquisition of SILAC Inc. by Hildene Capital Management, LLC. The outlook of these Credit Ratings (ratings) is stable. Hildene Capital Management, LLC announced on Dec. 8, 2025, that it has entered into a definitive agreement to acquire SILAC Inc....

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with developing implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of SILAC Insurance Company (SILAC) (Salt Lake City, UT). The Credit Ratings (ratings) of SILAC have been placed under review with developing implications due to the recent announcement in which Hildene Capital Management, LLC (Hildene) (together with its affiliates), an $18+ billion credit-focused asset mana...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of National Security Insurance Company (NSIC) (Elba, AL). The outlook assigned to these Credit Ratings (ratings) is negative. The ratings of NSIC reflect its balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and...

NEW YORK--(BUSINESS WIRE)--KBRA is pleased to announce the assignment of preliminary ratings to 13 classes of BMO 2025-5C13, a $551.8 million CMBS conduit transaction collateralized by 29 commercial mortgage loans secured by 36 properties. The collateral properties are located throughout 14 MSAs, of which the three largest are New York (33.1% of pool balance), Las Vegas (12.3%), and Los Angeles (7.9%). The pool has exposure to all major property types, with four types representing more than 10....

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) from “a-” (Excellent) of EMC National Life Company (EMCNL) (Des Moines, IA). Concurrently, AM Best has placed these Credit Ratings (ratings) under review with developing implications. The ratings reflect EMCNL’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, li...

SINGAPORE--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Starr International Insurance (Thailand) Public Company Limited (SIIT) (Thailand). The outlooks of these Credit Ratings (ratings) have been revised to stable from positive. The ratings reflect SIIT’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performanc...

LONDON--(BUSINESS WIRE)--AM Best has revised the implications of the under review status to negative from developing for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Bahrain National Insurance Company B.S.C. (c) (BNI) (Bahrain). The Credit Ratings (ratings) reflect BNI’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk mana...

LONDON--(BUSINESS WIRE)--AM Best has revised the implications of the under review status to negative from developing for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of First Insurance Company (SFIC) (Jordan). The Credit Ratings (ratings) reflect SFIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings...