Verdant Rock Limited has been assigned a BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook by Fitch Ratings, effective June 12, 2026. The rating, coupled 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 for bonds and loans in emerging markets. These guarantees are designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, targeting private liabilities rather than sovereign, municipal, or provincial debt.
The company's 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. Tolga Uzuner, Co-Founder and Chief Executive Officer 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 at https://www.bma.bm/regulated-entities by searching for "Verdant Rock." For the May 2026 licensing announcement, see https://bernews.com/2026/05/walkers-supports-verdant-rock-licensing/.
This development is significant for emerging market financing, as Verdant Rock's investment-grade rating and regulatory standing address a long-standing gap in credit enhancement for private sector obligations. The company's guarantees, compliant with Basel and Solvency II frameworks, are expected to facilitate capital flows into underserved sectors, potentially reducing borrowing costs for issuers and expanding investor access to emerging market credit instruments. The stable outlook from Fitch suggests that the rating is unlikely to change in the near term, providing certainty for market participants.
Verdant Rock Limited is a Bermuda-based insurance company regulated by the BMA, providing financial guarantees that meet stringent regulatory requirements. The company's entry with a strong capital base and technical expertise may catalyze growth in emerging market structured finance and project finance, areas that have struggled to attract adequate credit enhancement since the global financial crisis.
