Verdant Rock Limited has received a BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings, effective June 12, 2026. The rating, combined with a Class 3B Insurer license from the Bermuda Monetary Authority (BMA) obtained on May 6, 2026, positions the company to extend irrevocable, unconditional, on-demand financial guarantees on bonds and loans in emerging markets to beneficiaries globally.
The company's guarantees are designed to qualify as eligible credit protection under Basel and major insurance solvency regimes. Verdant Rock focuses on private liabilities and does not cover sovereigns, municipalities, or provinces. Its target instruments include bonds and loans issued by emerging market corporations and banks, structured financings, asset-backed (ABS) and mortgage-backed (MBS) exposures in securities or loan format, and project finance.
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 Ratings report can be accessed here. Verdant Rock's Class 3B registration can be verified via the BMA's register of regulated entities by searching "Verdant Rock" at https://www.bma.bm/regulated-entities.
This announcement is for information 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 to do so 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.
