Bond & Stock Rating News

AMSTERDAM--(BUSINESS WIRE)--AM Best has revised its outlook on Italy’s life insurance segment to stable from negative, primarily reflecting the improvement in lapses and its expectation that companies can continue to adjust to keep positive net inflows. In its new Best’s Market Segment Report, “Market Segment Outlook: Italy Life Insurance,” AM Best also states that it expects life insurance premium income to remain resilient in 2026, consolidating its recovery trend. Andrea Porta, senior financ...

PLANO, Texas--(BUSINESS WIRE)--Tyler Technologies, Inc. prices upsized offering of $1.25 billion convertible senior notes due 2031....

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to nine classes of mortgage-backed notes from OBX 2026-HYB1 Trust, a prime RMBS transaction comprising 385 seasoned hybrid adjustable-rate mortgages (ARMs) with an aggregate principal balance of $309.4 million. The loans possess initial fixed-rate periods of ten years (32.2%), seven years (50.2%), five years (17.5%), and three years (0.2%). Approximately 85.0% of the pool has been designated as a Qualified Mortgage (QM). Non-QM loans a...

NEW YORK--(BUSINESS WIRE)--KBRA releases research examining the potential impact of Medallia's looming default on the private credit universe. Although this represents one of the larger term loans in the direct lending market—at nearly $3 billion—we conclude that KBRA-rated vehicles with exposure, as well as the broader direct lending market, are well positioned to absorb any potential losses. Click here to view the report. Recent Publications Private Credit: Q1 2026 Middle Market Compendium: S...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to Qdoba Funding LLC (the Issuer), Series 2026-1 (Qdoba 2026-1), Class A-1 LR, Class A-1 VFN, and Class A-2 notes, a whole business securitization (WBS). Qdoba 2026-1 represents the issuer’s second securitization in which Qdoba Restaurant Corporation (Qdoba, the Manager, or the Company) contributed substantially all of its revenue-generating assets to the Issuer as collateral for the offered notes. In conjunction with the issuance of t...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to six classes of notes that will be issued from Channel EF 2026-1, LLC (CPEF 2026-1), an equipment ABS transaction. Credit enhancement includes excess spread, a reserve account, overcollateralization (O/C) and subordination for senior classes. The O/C is subject to a target equal to 13.80% of the current pool balance and a floor equal to 0.50% of the initial pool balance. The reserve account is funded at 1.00% of the initial pool bala...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 74 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-INV3 (SEMT 2026-INV3). The transaction consists of 1,275 mortgages with an aggregate principal balance of $507.1 million as of the May 1, 2026 cut-off date. The collateral is characterized by a weighted average (WA) original credit score of 768 and moderate borrower equity, with a WA original LTV and WA original CLTV of 70.9%. KBRA’s rating approach in...

NEW YORK--(BUSINESS WIRE)--As widely reported and stated by several of the company’s investors, creditors will likely be taking control of Medallia, Inc. following several years of performance headwinds and the sponsor’s decision not to provide additional equity. Although this represents one of the larger term loans in the direct lending market—at nearly $3 billion—we conclude that KBRA-rated vehicles with exposure, as well as the broader direct lending market, are well positioned to absorb any...

OLDWICK, N.J.--(BUSINESS WIRE)--The return-on-equity for U.S. property/casualty (P/C) insurers reached a decade high level of 14.97% in 2025, while the cost of equity held relatively steady at 8.18%, according to a new AM Best report. Last year started with an early challenge for P/C insurers as the California wildfires caused extensive damage in January. Fortunately, a relatively benign hurricane season alleviated potential pressure on underwriting losses over the balance of the year. The medi...

AMSTERDAM--(BUSINESS WIRE)--AM Best has maintained its stable outlook on Italy's non-life insurance segment and expects gross written premium (GWP) in the segment to continue on a steady growth trend during 2026 across all lines of business, although at a slower pace than in recent years. In its new Best’s Market Segment Report, “Market Segment Outlook: Italy Non-Life Insurance”, AM Best also states that the additional fiscal burden from the 2026 Budget Law will not place significant pressure o...