S&P Global Ratings dropped its credit rating on New Orleans by one notch, as the city confronts one of the worst financial crises in its modern history https://t.co/Dg2sCkbKXL ...

Group 1 - KBRA assigns preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2026-NQM4, a $496.3 million non-prime RMBS transaction sponsored by Rithm Capital Corp [1] - The underlying mortgages in the pool were primarily originated by NewRez LLC, accounting for 66.5% of the total [1] - The transaction is collateralized by a pool of 916 residential mortgages, which are seasoned approximately two months [1] Group 2 - Borrowers in NRMLT 2026-NQM4 have a weighted average original credit score of 757, with a weighted average original loan-to-value (LTV) of 71.4% and a weighted average combined LTV (CLTV) of 71.4% [1] - KBRA's rating approach included loan-level analysis through its Residential Asset Loss Model (REALM) and an examination of third-party loan file due diligence [1] - The analysis also involved cash flow modeling of the transaction's payment structure and reviews of key transaction parties [1]

Group 1 - KBRA assigns preliminary ratings to ten classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2026-2 (AOMT 2026-2), a $272.8 million non-prime RMBS transaction [1] - The underlying collateral consists of 585 residential mortgages, with 52.1% classified as non-qualified mortgages (Non-QM) and 47.9% exempt from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule [1] - Angel Oak Mortgage Solutions and Emporium TPO are the largest originators, accounting for 24.8% and 10.1% of the pool respectively [1] Group 2 - KBRA's rating approach includes loan-level analysis through its Residential Asset Loss Model (REALM), third-party loan file due diligence, cash flow modeling analysis, and reviews of key transaction parties [1] - The transaction's legal structure and documentation were also assessed as part of the rating process [1] - The report provides access to ratings and relevant documents for further details [1]

Indonesian Finance Minister Purbaya Yudhi Sadewa pushed back at Moody’s Ratings’ decision to lower the country’s outlook, saying that the nation’s improving growth and controlled deficit were unlikely to result in a credit rating downgrade https://t.co/3seD4WPUCa ...

Core Viewpoint - KBRA has assigned preliminary ratings to ten classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2026-1, which is a $298.9 million non-prime RMBS transaction [1] Group 1: Transaction Details - The underlying collateral consists of 581 residential mortgages [1] - A significant concentration of loans is underwritten using alternative income documentation [1] Group 2: Loan Classification - 65.9% of the loans are classified as non-qualified mortgages (Non-QM) [1] - 34.1% of the loans are exempt from the Ability-to-Repay rule [1]

Core Insights - The article focuses on Horizon Technology Finance (HRZN) and its baby bonds, highlighting the investment opportunities they present [1]. Group 1: Company Overview - Horizon Technology Finance is discussed in the context of its baby bonds and the potential investment opportunities they offer [1]. Group 2: Investment Strategy - The article emphasizes the importance of identifying mispriced investments in fixed-income and closed-end funds, which is a strategy employed by Denislav Iliev and his team [2]. - The investing group Trade With Beta provides features such as frequent picks for mispriced preferred stocks and baby bonds, along with weekly reviews of over 1200 equities [2].

Core Points - KBRA has assigned preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2025-NQM6, a $494.4 million non-prime RMBS transaction sponsored by Rithm Capital Corp [1][2] - The underlying pool consists of 985 residential mortgages with a weighted average original credit score of 753, a weighted average loan-to-value (LTV) of 70.8%, and a weighted average combined LTV (CLTV) of 70.9% [2] Summary by Sections Transaction Overview - The NRMLT 2025-NQM6 transaction is valued at $494.4 million and is backed by a pool of 985 residential mortgages [1][2] - The primary originators of the mortgages are Champions Funding, LLC (36.0%) and NewRez LLC (34.9%), with all loans serviced by NewRez LLC [1] Borrower Characteristics - Borrowers in the NRMLT 2025-NQM6 pool have a non-zero weighted average original credit score of 753 [2] - The loans exhibit a weighted average original LTV of 70.8% and a weighted average combined LTV of 70.9% [2] - Approximately 6.6% of the pool has an initial interest-only period [2] Rating Methodology - KBRA's rating approach involved a loan-level analysis using its Residential Asset Loss Model (REALM), third-party loan file due diligence, cash flow modeling, and reviews of key transaction parties [3]

Credit Rating - S&P Global Ratings 为 Michael Saylor 的 Strategy 授予信用评级，这是首次为任何比特币 treasury 公司授予评级 [1] Bitcoin Treasury - Strategy 成为首家获得 S&P Global Ratings 信用评级的比特币 treasury 公司 [1]

Core Insights - KBRA has assigned preliminary ratings to eight classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2025-10, which is a $281.2 million non-prime RMBS transaction [1] - The underlying collateral consists of 608 residential mortgages, with a significant concentration of loans underwritten using alternative income documentation [1] - A notable 54.1% of the loans are classified as exempt from the Ability-to-Repay/Qualified Mortgage rule [1]

Credit Rating - S&P Global Ratings 对印度信用评级的提升，正值债券市场的关键时刻 [1] - 此次评级提升可能缓解全球不确定性和不断增加的财政压力 [1]