Verdant Rock Limited, a Bermuda-based insurance company, announced it has received a BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings, effective June 12, 2026. This rating, coupled with a Class 3B Insurer license from the Bermuda Monetary Authority (BMA) obtained on May 6, 2026, strengthens the company's ability to provide irrevocable, unconditional, on-demand financial guarantees on bonds and loans in emerging markets for global beneficiaries.
The company specializes in guaranteeing private liabilities, excluding sovereigns, municipalities, or provinces. Its focus includes bonds and loans issued by emerging market corporations and banks, structured financings, asset-backed securities (ABS), mortgage-backed securities (MBS), and project finance. The guarantees are designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, addressing a critical need for credit enhancement in these markets.
Tolga Uzuner, Co-Founder and Chief Executive Officer of Verdant Rock Limited, stated, "The infrastructure and capital markets we are targeting have been systematically underserved over the past decade. Verdant Rock enters this space with an investment grade rating, a strong capital position, the regulatory standing, the technical capability, and the long-term commitment that issuers and their advisers have been unable to find elsewhere."
The Fitch rating report is accessible at Fitch Rates Verdant Rock at 'BBB+'; Outlook Stable. The company's Class 3B registration can be verified via the BMA's register of regulated entities at https://www.bma.bm/regulated-entities by searching "Verdant Rock."
This development is significant for emerging market issuers and investors who have faced limited access to investment-grade credit enhancement for private sector bonds and loans. By offering Basel and Solvency II compliant guarantees, Verdant Rock helps reduce capital requirements for banks and insurers holding these assets, potentially unlocking liquidity and investment in infrastructure, corporate, and structured finance projects across developing economies.
The BBB+ rating reflects Fitch's assessment of Verdant Rock's strong capital position and business profile, while the Stable Outlook indicates expectations that the rating will remain unchanged in the near term. The company's Bermuda regulatory framework under the BMA provides a robust supervisory environment, adding to the credibility of its guarantees.
For context, the May 2026 licensing announcement is detailed in a related article at https://bernews.com/2026/05/walkers-supports-verdant-rock-licensing/. Verdant Rock Limited is regulated by the Bermuda Monetary Authority and provides financial guarantees designed to qualify as eligible credit protection under Basel and major insurance solvency regimes for institutions globally.
This announcement is for informational purposes only and does not constitute an offer or solicitation to buy or sell any security, insurance product, or financial guarantee. It is not for distribution in any jurisdiction where such distribution would be unlawful. Forward-looking statements are not guarantees of future results, and Verdant Rock undertakes no obligation to update them. A credit rating is not a recommendation to buy, sell, or hold any security and may be subject to revision, suspension, or withdrawal at any time by the assigning rating agency.
