A.M. Best Comments on Credit Ratings of Fairfax Financial Holdings Limited Following Acquisition Announcement of Allied World Assurance Company Holdings AG

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has commented that the Long-Term Issuer Credit Rating of “bbb” and the Long-Term Issue Credit Ratings on the debt and preferred equity of Fairfax Financial Holdings Limited (Fairfax)... Read more »

A.M. Best Downgrades Credit Ratings of Golden Insurance Company, A Risk Retention Group; Places Under Review With Negative Implications

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating to “bb-” from “bb” of Golden Insurance Company, A Risk... Read more »

Community Bank Receives Senior Unsecured Debt Rating of BBB+ from Kroll Bond Rating Agency

PASADENA, Calif.--(BUSINESS WIRE)--Community Bank (OTC: CYHT), founded in 1945, is a family-owned Southern California regional community bank, with assets of $3.5 billion, and headquartered in Pasadena with 17 business centers. The Bank... Read more »

Fitch Affirms Preferred Shares Issued by Two Federated Municipal Funds at ‘AAA’

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AAA' ratings on the following Variable Rate Municipal Term Preferred Shares (VMTP Shares) and auction market preferred shares (AMPS): Federated Premier Municipal Income Fund (NYSE:FMN)... Read more »

Kroll Bond Rating Agency Assigns Long-Term Rating of BBB+ with a Stable Outlook to the City of Chicago General Obligation Bonds – Project and Refunding Series 2017A, and Taxable Project Series 2017B

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of BBB+ with a Stable outlook to the City of Chicago General Obligation Bonds - Project and Refunding Series 2017A,... Read more »

Fitch: Smaller U.S. RMBS Servicers Rapidly Taking on More Loans

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: U.S. RMBS Servicer Handbook (Servicing At A Glance)https://www.fitchratings.com/site/re/892165 Another sign of the sea change taking place in the U.S. mortgage servicing industry is in the... Read more »

Fitch: Ample Due Diligence in Place So Far for U.S. RMBS

NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: U.S. RMBS Third Party Review Update (Overview of Third-Party Review Activity)https://www.fitchratings.com/site/re/891914 Sans a few isolated outliers, strong due diligence is firmly in place for... Read more »

A.M. BestTV: Leading Analysts Discuss 2017 Outlooks for U.S. Property/Casualty, Life/Annuity, Life Reinsurance, Health and Global Reinsurance Sectors

OLDWICK, N.J.--(BUSINESS WIRE)--In this series of A.M.BestTV episodes, A.M. Best’s leading analysts discuss the rating agency’s 2017 Credit Rating outlooks on the property/casualty, life/annuity, life reinsurance and the health segments of the... Read more »

Fitch Affirms Latam Walkers Cayman Series 2006-101 CLP CLNs; Outlook Revised to Negative

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed Latam Walkers Cayman Series 2006-101 CLP13,000,000 credit-linked notes (CLNs) at 'BBB-'. The Rating Outlook for the notes has been revised to Negative from Stable. KEY RATING... Read more »

Kroll Bond Rating Agency Assigns BBB+ and K2 Senior Unsecured & Short-Term Debt Ratings for Community Bank

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured debt and deposit rating of BBB+ and short-term debt and deposit ratings of K2, as well as assigned a subordinated... Read more »