Verdant Rock Limited, a Bermuda-based insurance company, announced on June 12, 2026, that it has received a BBB+ Long-Term Insurer Financial Strength Rating from Fitch Ratings with a Stable Outlook. The rating, effective June 12, 2026, positions the company to extend irrevocable, unconditional, on-demand financial guarantees on bonds and loans in emerging markets. Combined with its Class 3B Insurer license from the Bermuda Monetary Authority (BMA), effective May 6, 2026, Verdant Rock is now equipped to serve a range of private liabilities, including those issued by emerging market corporations and banks, structured financings, asset-backed (ABS) and mortgage-backed (MBS) exposures, and project finance.
The Fitch report, accessible here, highlights the company's strong capital position and regulatory standing. Verdant Rock's BMA registration can be verified via the BMA's register of regulated entities by searching "Verdant Rock." The company focuses exclusively on private liabilities and does not cover sovereigns, municipalities, or provinces.
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 BBB+ rating and Class 3B license enable Verdant Rock to provide financial guarantees designed to qualify as eligible credit protection under Basel and major insurance solvency regimes. This development is significant for global institutions seeking reliable credit enhancement in emerging markets, where such guarantees have been scarce. For more context on the licensing announcement from May 2026, see this article.
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.
