Verdant Rock, a Bermudian-based financial guarantor specialising in emerging markets, has been assigned has received an A financial strength rating from Morningstar DBRS.

Founded in 2025 and holding a Class 3B licence from the Bermuda Monetary Authority, Verdant Rock plans to deliver investment-grade financial guarantee capacity at scale across Asia, Africa, Latin America and Eastern Europe, bringing much needed capacity to an underserved market.

The rating agency’s assessment of Verdant Rock reflects the company’s strong projected earnings ability, robust risk profile, sound liquidity, and good capitalisation. Morningstar DBRS also assigned an A (low) issuer rating to Verdant Rock.

The rating follows Verdant Rock’s BBB+ long-term insurer financial strength rating with a stable outlook from Fitch Ratings, assigned on June 12, 2026.

In a statement, Verdant Rock said the ratings provide counterparties with dual-agency confirmation of the company’s investment-grade standing.

“Receiving an A (low) Financial Strength Rating from Morningstar DBRS six months after our BMA licence is a result we are proud of,” Tolga Uzuner, cofounder and chief executive officer, of Verdant Rock, said.

“Morningstar DBRS assessed our projected earnings ability, risk profile, liquidity, and capitalisation, and reached a conclusion consistent with what we have been telling counterparties since we launched: that Verdant Rock is built on sound structural foundations.

“We now hold financial strength ratings from two internationally recognised agencies. For any counterparty that requires dual-agency confirmation before it can accept a financial guarantee, that question is answered.”