Verdant Rock Limited has achieved a significant milestone with the receipt of 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 on May 6, 2026, enables the company to offer 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 such as corporate and bank debt, structured financings, asset-backed securities (ABS), mortgage-backed securities (MBS), and project finance. The company explicitly excludes sovereigns, municipalities, and provinces from its coverage.
The rating is a pivotal development for Verdant Rock, as it addresses a longstanding gap in the market. Co-Founder and CEO Tolga Uzuner emphasized that the infrastructure and capital markets the company targets have been systematically underserved over the past decade. With an investment-grade rating, strong capital position, regulatory standing, technical capability, and long-term commitment, Verdant Rock aims to provide issuers and their advisers with solutions that have been difficult 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 through the BMA's register of regulated entities by searching for "Verdant Rock" at https://www.bma.bm/regulated-entities. The company's licensing announcement from May 2026 was covered by Bernews, available at https://bernews.com/2026/05/walkers-supports-verdant-rock-licensing/. 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. Forward-looking statements are not guarantees of future results, and the company 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.
Verdant Rock Limited is a Bermuda-based insurance company regulated by the Bermuda Monetary Authority. It provides Basel III and Solvency II compliant financial guarantees in emerging markets, designed to qualify as eligible credit protection under Basel and major insurance solvency regimes for the benefit of institutions globally.
