DBRS Morningstar Ratings News and Credit Updates
KBRA withdraws Southern BancShares ratings after subordinated debt redemption
Southern BancShares (N.C.), Inc. is losing multiple KBRA credit ratings after moving to redeem its subordinated debt. The withdrawal also covers several ratings for its main subsidiary, Southern ...
Colorado transportation enterprise outlook raised to positive on $501 million express lane bonds
Improving toll traffic and stronger cash flow are supporting a more favorable credit view for Colorado High Performance Transportation Enterprise’s express lane financing. The revised outlook ...
KBRA upgrades BAMLL 2015-ASTR ratings after improved leasing performance
Improving occupancy trends at a Manhattan office property are supporting stronger credit metrics for the BAMLL 2015-ASTR commercial mortgage-backed securities transaction. The review reflects ...
KBRA assigns preliminary ratings to Morglas ABS 2026-1 notes in UK consumer loan securitisation
Admiral Group’s consumer lending arm is returning to the public asset-backed securities market with a new UK unsecured personal loan transaction. Morglas ABS 2026-1 PLC plans to issue £322.2 ...
Customers Bancorp ratings affirmed as KBRA lifts outlook to positive
A December 2025 ratings action signals improved credit momentum for Customers Bancorp and its banking subsidiary after KBRA maintained multiple debt and deposit ratings. The outlook change to ...
BTC Holdings Fund IV loans receive provisional AA ratings from Morningstar DBRS
Structured credit activity in the U.S. middle-market loan market continues as BTC Holdings Fund IV LLC secures provisional ratings for multiple loan classes tied to a new financing agreement. The ...
Oklahoma DFA lease revenue bonds win AA rating from Fitch
Oklahoma is moving ahead with a $14.1 million bond issuance as it finances upgrades to state facilities through lease revenue bonds. Fitch Ratings assigns the debt an 'AA' rating with a stable ...
J.P. Morgan Mortgage Trust 2026-NQX2 secures final provisional ratings on $636.6 million RMBS deal
A new U.S. residential mortgage-backed securities transaction backed by prime and nonprime first-lien loans is moving ahead with final provisional ratings across eight certificate classes. The ...
Morningstar DBRS assigns A high rating to Harbor Breeze mortgage loan in California
A multifamily property financing in Huntington Beach has received an investment-grade assessment tied to stable property cash flow and moderate leverage. The mortgage loan is due on November 1, ...
Morningstar DBRS assigns A(high) rating to Montrose Manor Apartments mortgage in Maryland
A multifamily mortgage tied to a 105-unit apartment property in Catonsville, Maryland, has received an A (high) credit rating with a Stable trend as the loan runs through 2036. The rating reflects ...
KBRA affirms San Bernardino toll debt rating with stable outlook
San Bernardino County Transportation Authority's second-lien toll revenue obligation continues to benefit from stronger-than-expected early operating performance on the I-10 Express Lanes. The ...
Morningstar DBRS assigns A (high) rating to Harbor Breeze mortgage loan in California
A multifamily property financing in Huntington Beach has received an investment-grade credit assessment tied to a loan maturing in 2031. The rating covers a $10.0 million interest-only mortgage ...
Morgan Stanley Direct Lending Fund secures BBB rating for $350 million notes
Morgan Stanley Direct Lending Fund is adding $350 million of senior unsecured notes as it works to strengthen funding flexibility and rebalance its liability mix. The notes carry a 6.10% coupon, ...
First Citizens Loan Trust 2026-SBA1 secures final Morningstar DBRS ratings on $336.5 million notes
Structured credit activity in the U.S. small-business and commercial real estate lending market continues as First Citizens Loan Trust 2026-SBA1 receives final provisional ratings across six note ...
KBRA assigns preliminary ratings for Pagaya auto loan ABS notes
Pagaya’s latest auto loan securitization brings $574.70 million of notes to market through two affiliated trusts under the RPM 2026-4 transaction. The deal is fully prefunded, meaning no ...
Sequoia Mortgage Trust 2026-7 gains KBRA ratings for $736.4 million RMBS deal
A new prime residential mortgage-backed securities transaction enters the U.S. structured finance market with ratings assigned across 100 certificate classes. The $736.4 million Sequoia Mortgage ...
Pierpont BTL 2026-2 securitisation receives provisional ratings for UK RMBS notes
UK buy-to-let mortgage securitisation activity continues with Pierpont BTL 2026-2 Plc preparing a new residential mortgage-backed securities issuance backed by first-lien loans. The portfolio ...
KBRA highlights power demand and infrastructure finance trends at U.S. energy conference
Growing electricity needs and financing constraints around data centers are shaping discussions across the U.S. energy and infrastructure market. The themes emerge from Proximo Congress 2026 in ...
ReadyCap Lending Small Business Loan Trust 2026-4 secures final Morningstar DBRS ratings on note issuance
ReadyCap Lending Small Business Loan Trust 2026-4 has finalized credit ratings on three classes of notes tied to a pool of small business loans. The issuance totals more than $145 million and is ...
Longbridge Financial keeps Morningstar DBRS reverse mortgage originator ranking at stable level
Longbridge Financial remains positioned as a sizable player in the U.S. reverse mortgage market after Morningstar DBRS reaffirmed its MOR RVO2 residential reverse mortgage originator ranking with ...
Morgan Stanley residential mortgage trust wins provisional Morningstar DBRS ratings
Morgan Stanley Residential Mortgage Loan Trust 2026-NQM7 is moving ahead with a new residential mortgage-backed securities issuance backed by just over $490 million of first-lien home loans. The ...
