Kroll Bond Rating Agency News and Credit Updates

  • Dan Blystone
  • 02.07.2026
KBRA upgrades BAMLL 2015-ASTR CMBS ratings after asset performance improves
Leasing gains at a Manhattan office property are supporting stronger credit metrics for the BAMLL 2015-ASTR commercial mortgage-backed securities transaction. The loan secured by the Class-A ...
  • Dan Blystone
  • 30.06.2026
DB Master Finance ratings assigned for 2026 notes refinancing
DB Master Finance is moving ahead with a new secured notes issuance as rating actions reshape its existing whole business securitization stack. The transaction includes a refinancing of part of ...
  • Dan Blystone
  • 30.06.2026
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, ...
  • Dan Blystone
  • 29.06.2026
MTA Hudson Rail Yards trust obligations rating affirmed with stable outlook
Metropolitan Transportation Authority-related Hudson Rail Yards trust obligations retain an A- long-term rating as credit conditions remain supported by structural protections. The stable outlook ...
  • Ashutosh Sureka
  • 29.06.2026
BART sales tax revenue ratings affirmed amid resilient Bay Area tax base
San Francisco Bay Area Rapid Transit District keeps its sales tax-backed credit ratings affirmed as the agency points to a broad and resilient revenue base across its three-county service area. ...
  • Ciaran Ryan
  • 29.06.2026
OBX 2026-AHC2 trust secures KBRA ratings for 64 mortgage note classes
A new prime agency-eligible residential mortgage-backed securities deal enters the U.S. market with ratings now assigned across dozens of note classes. The OBX 2026-AHC2 Trust transaction includes ...
  • Ashutosh Sureka
  • 27.06.2026
Colony Bankcorp to acquire First Reliance in $163 million Southeast banking expansion
Regional bank consolidation in the U.S. Southeast continues as Colony Bankcorp agrees to buy First Reliance Bancshares in a deal that extends its footprint into South Carolina. The stock-and-cash ...
  • Ashutosh Sureka
  • 23.06.2026
WMATA dedicated capital funding ratings remain anchored by D.C., Maryland and Virginia support
Washington Metropolitan Area Transit Authority's dedicated capital funding credit profile continues to rest on long-term support from the District of Columbia, Maryland and the Commonwealth of ...
  • Ciaran Ryan
  • 23.06.2026
PennyMac-backed PMT Loan Trust 2026-INV6 secures KBRA ratings on 73 mortgage note classes
A new prime residential mortgage-backed securities deal tied to investment properties and second homes is moving through the U.S. structured finance market. The transaction, PMT Loan Trust ...
  • Ashutosh Sureka
  • 23.06.2026
Universal Insurance Holdings notes receive BBB rating as debt maturity extends to 2031
Universal Insurance Holdings is moving to refinance part of its debt stack with a new $100 million senior unsecured notes issuance due 2031. The planned use of proceeds includes redeeming existing ...
  • Ciaran Ryan
  • 22.06.2026
MSD Investment Corp. ratings affirmed at BBB with stable outlook
MSD Investment Corp. keeps its BBB issuer and senior unsecured debt ratings as its portfolio performance and funding profile continue to support credit quality. The stable outlook reflects a ...
  • Ciaran Ryan
  • 22.06.2026
FirstLight Issuer gets preliminary KBRA ratings for inaugural 2026-1 revenue notes
FirstLight Issuer, LLC is moving into the securitization market with its first revenue notes backed mainly by communications system assets and related contracts. The proposed Series 2026-1 ...
  • Ciaran Ryan
  • 19.06.2026
Metropolitan Pier and Exposition Authority bond rating affirmed at AA- with stable outlook
Chicago convention financing remains supported by a broad mix of local tourism and transportation-related taxes tied to McCormick Place expansion bonds. The rating affirmation keeps attention on ...
  • Ciaran Ryan
  • 18.06.2026
Massachusetts unemployment insurance trust fund rating reflects stable bond security
Massachusetts' unemployment insurance financing structure continues to support the credit profile of its Special Obligation Revenue Bonds. The rating view is underpinned by annually resetting ...
  • Ashutosh Sureka
  • 18.06.2026
Oban Cards master trust secures KBRA ratings for 2026 notes, 2021 class A affirmed
Vanquis Bank's UK credit card securitisation platform is moving ahead with a new issuance under the Oban master trust structure. The transaction covers five note classes from Oban Cards 2026-1 ...