Verdant Rock Receives A (low) Financial Strength Rating from Morningstar DBRS, Adding a Second International Investment-Grade Assessment

Verdant Rock now holds Financial Strength Ratings from both Fitch Ratings and Morningstar DBRS, providing counterparties with dual-agency confirmation and reinforcing the security architecture behind each financial guarantee.

HAMILTON, BERMUDA – Media OutReach Newswire – 12 October 2026 – Verdant Rock Limited, a Bermuda Monetary Authority-regulated Class 3B insurance company, has received an A (low) Financial Strength Rating from Morningstar DBRS. The rating reflects Verdant Rock's financial strength and its capacity to meet policyholder obligations as an investment-grade financial guarantor for Emerging Markets credit.

Morningstar DBRS is a global credit rating agency with coverage across North America, Europe, Asia, and Latin America. Its assessment of Verdant Rock reflects the company's strong projected earnings ability, robust risk profile, sound liquidity, and good capitalization. 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 12 June 2026. Verdant Rock now holds Financial Strength Ratings from both Fitch Ratings and Morningstar DBRS, providing counterparties with dual-agency confirmation of the company's investment-grade standing.

Verdant Rock's guarantees are designed for beneficiaries with investment-grade mandates. Banks and insurers that hold guaranteed paper issued by Verdant Rock may reference both the Fitch Ratings and Morningstar DBRS ratings as independent, agency-confirmed assessments of the company's investment-grade standing. The Morningstar DBRS A (low) Financial Strength Rating adds a second layer of external validation to the security architecture behind each guarantee Verdant Rock issues.

"Receiving an A (low) Financial Strength Rating from Morningstar DBRS six months after our BMA license is a result we are proud of. Morningstar DBRS assessed our projected earnings ability, risk profile, liquidity, and capitalization, 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 recognized agencies. For any counterparty that requires dual-agency confirmation before it can accept a financial guarantee, that question is answered." - Tolga Uzuner, Co-Founder and Chief Executive Officer, Verdant Rock Limited

Hashtag: #VerdantRock

The issuer is solely responsible for the content of this announcement.

ABOUT MORNINGSTAR DBRS

Morningstar DBRS is a global credit rating agency with more than 4,500 issuers and 68,000 securities rated worldwide, with broad coverage across financial institutions, corporates, and structured finance. Morningstar DBRS is part of Morningstar, Inc. Credit ratings, research, and risk analysis are produced by DBRS, Inc., DBRS Limited, DBRS Ratings GmbH, and DBRS Ratings Limited.

ABOUT VERDANT ROCK

Verdant Rock Limited is a Bermuda-based insurance company regulated by the Bermuda Monetary Authority as a Class 3B insurer. It holds a BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings and an A (low) Financial Strength Rating from Morningstar DBRS. Verdant Rock issues irrevocable, unconditional, on-demand financial guarantees for Emerging Markets credit across five exposures: Infrastructure, Corporate Loans, Bank Portfolio, ABS, and RMBS. The guaranteed paper is designed for beneficiaries with investment-grade mandates.

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The robotics and industrial automation group closes one of the largest funding rounds of 2026, which strengthens the infrastructure behind ProKitchens across France, Spain, Italy, Portugal, Poland, and the Netherlands

PARIS, FRANCE – Media OutReach Newswire – 12 October 2026 – Atoms, the robotics and industrial automation company founded by Uber co-founder Travis Kalanick, has raised $1.7 billion in a funding round led by Andreessen Horowitz (a16z), with participation from Uber, Bain Capital, Fifth Wall, and other institutional investors.

Revolutionising the Kitchen

The funding round also brings a16z co-founder Ben Horowitz onto the Atoms board, and positions the group to accelerate development across food, mining, and transport industries. For ProKitchens, this investment strengthens the resources behind the network of commercial kitchens in Marseille, Lille, Paris, Lyon, Madrid, Barcelona, Milan, Lisbon, Warsaw, and Amsterdam. As part of the Atoms Food pillar, alongside CloudKitchens and hardware projects, ProKitchens stands to benefit directly from the growing focus across Atoms on reducing kitchen labour friction and improving operational efficiency for operators of every size.

Empowering Local Brands

For food entrepreneurs, manufacturers, and R&D teams across Europe, the support from Atoms brings a clear advantage. ProKitchens gives operators certified, ready-to-fit kitchen spaces with flexible contracts. This removes much of the capital burden traditionally associated with opening new locations.

Brands that want to test a single market or expand across borders gain infrastructure built around their needs from day one, with facilities across France, Spain, Italy, Portugal, Poland, and the Netherlands. As Atoms channels new investment into hardware automation and physical workflow management, local F&B brands that use ProKitchens can improve in efficiency, reliability, and the pace at which they are able to scale.

Hashtag: #ATOMS #ProKitchens

The issuer is solely responsible for the content of this announcement.

About Atoms

Atoms Food incorporates CloudKitchens and related food-tech hardware projects designed to reduce labour friction in kitchens. Autonomous haulage and machine systems fall under Atoms Mining, after the acquisition of autonomous vehicle company Pronto. Heavy industries are served by Atoms Transport, which focuses on robotic wheelbases and autonomous movement technology.

About ProKitchens

ProKitchens provides flexible commercial kitchen spaces designed for food businesses of every size, from ambitious entrepreneurs to high-volume manufacturers and R&D teams. Operators can start with a single production unit or scale to a full cross-border footprint.

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **