Credit ratings
AM Best, a global credit rating agency, has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of Ping An Property & Casualty Insurance Company of China, Ltd (Ping An P&C). The ratings reflect Ping An P&
Credit ratings
Ping An Property and Casualty Insurance Company of China Ltd, one of the largest property and casualty insurers in China, has maintained its robust financial foundation and strong operational performance, according to global credit rating agency AM Best. The company's financial strength rating of A (Excellent) and long-term
Credit ratings
Investors in South Korea became increasingly cautious on Monday as the global credit rating agency Moody's downgraded the United States' credit rating. The move led to a significant decline in the local currency against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) lost
Financial services
Moody's has cut the US sovereign credit rating, sparking concerns about the nation's growing $36 trillion debt pile and the potential for bond market vigilantes to punish Washington for fiscal profligacy. The ratings agency's downgrade, the last of the major ratings agencies to take
Moody's Investors Service Inc.
Moody's Investors Service has maintained the current ratings for Southern Company Gas Capital Corporation and Northern Illinois Gas Company, citing stable financial profiles and supportive regulatory environments. The ratings affirmation reflects the companies' strong credit profiles, driven by their regulated gas distribution utilities and credit-supportive regulatory jurisdictions.
Moody's Investors Service Inc.
The University of Kentucky's (UK) proposed Lease Purchase Obligations, Series 2025A and 2025B, have been assigned Aa3 ratings by Moody's Investors Service. This comes as the university continues to experience strong operating cash flow and debt service coverage, driven by its excellent strategic position as the
Moody's Investors Service Inc.
California Institute of Technology (Caltech) has managed to maintain its Aa3 rating despite the challenges posed by potential reductions in federal grants and contracts. According to Moody's Investors Service, the university's strong brand strength, diverse revenue base, and substantial liquidity provide a solid foundation to navigate
Financial services
Al Tawfeek Leasing Company, a prominent entity in Egypt's non-bank financial services sector, has shown significant movements in its stock and financial metrics as reported by the Egyptian Exchange (EGX). The company's stock, listed on the main market of the EGX, has a paid-up capital of
Moody's Investors Service Inc.
George Washington University's financial health and strategic position as a large urban university in Washington D.C. continue to drive its A1 rating, despite facing several credit challenges. The university's strong brand and market positioning, coupled with rising net tuition and stable enrollment, have helped maintain
Financial services
Angel Oak Capital Advisors, a leading investment manager in structured credit, has announced the completion of its first home equity line of credit securitization, AOMT 2025-HB1. The securitization is a significant milestone for the company, which has issued over 60 securitizations since 2015, comprising more than 50,000 non-agency mortgage
Financial services
Brex, the modern finance platform for growing businesses, has achieved a AAA rating from Kroll Bond Rating Agency (KBRA) for its senior bond, marking a significant milestone for the company. KBRA upgraded Brex's A1 senior bonds, which included the issuance of $260 million of charge card asset-backed notes,
Moody's Investors Service Inc.
Michigan State University's proposal to issue $390 million of General Revenue Bonds, Series 2025A has been assigned an Aa2 rating by Moody's Investors Service. The university's issuer rating, existing revenue bond ratings, and P-1 rating on its commercial paper program were also maintained. The
