A.M. Best Comments on Credit Ratings of MetLife, Inc. and Its Subsidiaries Following Announced Group Annuity Reserve Strengthening

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has commented that the Credit Ratings (ratings) of MetLife, Inc. (MetLife) (headquartered in New York, NY) [NYSE:MET] and its insurance subsidiaries remain unchanged following the announcement that it... Read more »

A.M. Best Assigns Credit Ratings to Noor Takaful Family PJSC

LONDON--(BUSINESS WIRE)--A.M. Best has assigned the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” to Noor Takaful Family PJSC (NTF) (United Arab Emirates). The outlook assigned... Read more »

A.M. Best Comments on Credit Ratings of ERAC Group Members Following Announced Reserve Charges

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has commented that the Credit Ratings (ratings) of Employers Reassurance Corporation and Union Fidelity Life Insurance Company (both domiciled in Overland Park, KS) remain unchanged following the Jan.... Read more »

KBRA Comments on Federal Tax Reform’s Impact on Public Finance Credit

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has released an analysis on the impact of federal tax reform on public finance credit. KBRA believes that the tax code modifications will affect the... Read more »

KBRA Publishes Financial Institutions Research: “Late-in-the-Cycle Perspectives on Bank Performance”

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases a new research report entitled, “Late-in-the-Cycle Perspectives on Bank Performance.” The report makes the following key points: Rising loan losses, largely taking place in... Read more »

A.M. Best Upgrades Issuer Credit Rating of Somerset Reinsurance Ltd.

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Somerset Reinsurance Ltd. (Somerset... Read more »

KBRA Assigns Preliminary Ratings to Notes Issued by GLS Auto Receivables Trust 2018-1

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by GLS Auto Receivables Trust 2018-1 (“GCAR 2018-1”), an auto loan ABS transaction. GLS Auto Receivables... Read more »

KBRA Assigns Preliminary Ratings to SoFi Consumer Loan Program 2018-1

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by SoFi Consumer Loan Program 2018-1 (“SCLP 2018-1”). This is a $591.5 million consumer loan ABS... Read more »

A.M. Best Maintains Under Review With Negative Implications Status for Saudi Arabian Insurance Company B.S.C. (C)

LONDON--(BUSINESS WIRE)--A.M. Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Saudi Arabian Insurance... Read more »

A.M. Best Upgrades Credit Ratings of USHEALTH Group, Inc.’s Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and Long-Term Issuer Credit Rating to “bbb” from “bbb-” of Freedom Life Insurance Company of America,... Read more »