Verdant Rock Limited, a Bermuda-based insurance company, has received a BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings, effective June 12, 2026. This rating, combined with its Class 3B Insurer license from the Bermuda Monetary Authority (BMA) obtained in May 2026, positions the company to extend irrevocable, unconditional, on-demand financial guarantees on bonds and loans in emerging markets globally. The guarantees are designed to qualify as eligible credit protection under Basel and major insurance solvency regimes.
The company focuses on private liabilities, excluding sovereigns, municipalities, or provinces. Its remit includes bonds and loans issued by emerging market corporations and banks, structured financings, asset-backed (ABS) and mortgage-backed (MBS) exposures, and project finance. Tolga Uzuner, Co-Founder and CEO of Verdant Rock, 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 is accessible at Fitch Rates Verdant Rock at 'BBB+'; Outlook Stable. 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 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.
The BBB+ rating and stable outlook reflect Verdant Rock's strong capital position and regulatory standing, enabling it to address the underserved infrastructure and capital markets in emerging economies. By providing Basel-compliant credit protection, the company aims to facilitate investment in emerging market debt, potentially reducing risk for global institutions and supporting economic development. This development underscores the growing importance of specialized insurers in bridging financing gaps in regions often overlooked by traditional financial guarantors.
