KBRA Assigns Senior Unsecured Debt Rating of BBB for Orrstown Financial Services, Inc.

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Shippensburg, Pennsylvania based... Read more »

A.M. Best Revises Outlooks to Negative for National Lloyds Insurance Company and American Summit Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a”... Read more »

A.M. Best Revises Outlooks to Stable for Center Mutual Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Center Mutual... Read more »

KBRA Assigns BBB+ Senior Unsecured Debt Rating for Sandy Spring Bancorp, Inc.

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of BBB+, subordinated debt rating of BBB, and short-term debt rating of K2 to Sandy Spring Bancorp, Inc. (NASDAQ:... Read more »

KBRA Comments on Flagstar Bancorp, Inc.’s Proposed Acquisition of Select Branches and Deposits from Wells Fargo Bank

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases a comment on Flagstar Bancorp, Inc. KBRA views the proposed Wells Fargo Bank, N.A. branch and deposit acquisition favorably for Flagstar Bancorp, Inc.’s (NYSE:... Read more »

KBRA Publishes CMBS Research: Defeasing in a World of 3% Treasuries and Slowing Prices

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases a new research report entitled, “Defeasing in a World of 3% Treasuries and Slowing Prices.” As commercial real estate (CRE) prices and interest rates... Read more »

A.M. Best Places Credit Ratings of Grange Life Insurance Company Under Review With Developing Implications

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Grange Life Insurance Company (Columbus,... Read more »

KBRA Releases KCP Special Report: Barnes & Noble Looks to Turn the Page – CMBS Exposure Examined

NEW YORK--(BUSINESS WIRE)--The nation’s largest bookstore chain, Barnes & Noble, is in the process of reevaluating its business model, according to various media and company sources, after its stock price fell to... Read more »

KBRA Publishes Research: REIT Q1’18 Credit Update: Term Loans Increase Market Share

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) issues a new report, “REIT Q1’18 Credit Update: Term Loans Increase Market Share” The report makes the following key points: Leverage for REIT unsecured note... Read more »

KBRA Releases CMBS Exposure to Recent Sears Store Closures

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases CMBS exposure to Sears recent store closure lists. On May 31, 2018, Sears Holdings Corporation (SHLD) announced plans to shutter 63 additional stores, marking... Read more »