# Brex Receives Bond Rating Upgrade to AAA from Kroll Bond Rating Agency, Achieving Highest Possible Rating Brex is honored to achieve a AAA bond rating—the highest possible rating—by Kroll Bond Rating Agency. **URL Source:** https://www.brex.com/journal/press/brex-receives-bond-rating-upgrade-to-aaa --- **SAN FRANCISCO, May 13, 2025— **Brex, the modern finance platform for growing businesses from startups to enterprises, today announced that its senior bond has been upgraded from AA to AAA by Kroll Bond Rating Agency (KBRA)—the highest possible rating. KBRA upgraded Brex’s A1 senior bonds from its latest [securitization](https://www.brex.com/journal/press/brex-inc-closes-oversubscribed-third-securitization-issuance), which included the issuance of $260 million of charge card asset-based notes. This transaction was meaningfully oversubscribed. Brex is the only charge card issuer in the market, and among the youngest issuers, to achieve a AAA rating among similar asset classes—accomplishing this milestone within just 7 years of initial card issuance and only 4 years after its first securitization. The AAA rating unlocks substantial benefits for Brex, including optimizing its cost of financing and improving the liquidity of its securitization shelf, ensuring greater financial flexibility and stability. The AAA rating also reflects Brex’s innovative underwriting model which utilizes AI to predict the probability of customer default based on real-time banking transaction data. Leveraging machine learning, Brex is able to better identify patterns that indicate financial health or risk. “Achieving a AAA rating from KBRA is a testament to the strength and sustainability of Brex’s business,” said Laura Lonardi, Head of Capital Markets and Treasury at Brex. "This achievement underscores our commitment to long-term stability and the trust customers place in Brex as we continue to deliver the tools necessary to help them spend smarter and move faster." The upgrade, following KBRA’s annual review, recognizes Brex’s exceptional results and robust credit performance. Brex [recently ](https://www.brex.com/journal/press/brex-grows-enterprise-business-80-percent)reported that the company’s overall revenue growth grew threefold, with net revenue retention increasing by 15 percentage points last year. Additionally, its enterprise business grew revenue 80%, with net revenue retention reaching nearly 140% year-over-year. ## Related Articles ### [Brex and Tekion Partner to Bring Embedded Spend Management to the Modern Auto Dealership ](https://www.brex.com/journal/press/brex-for-tekion-spend) Brex is the first fully embedded corporate card and spend management solution that delivers a native spend management experience designed for automotive dealer groups. ### [Brex Helps Power OpenAI Global Spend and Financial Operations](https://www.brex.com/journal/press/brex-helps-power-open-ai-global-spend-and-financial-operations) OpenAI is using Brex to help run their global spend and financial operations. ### [Brex launches AI-native accounting API](https://www.brex.com/journal/press/brex-launches-ai-native-accounting-api) Brex's AI-native Accounting API automates workflows end-to-end and enables deeper integrations with ERP systems and other key integration partners. ### [Brex x FTB](https://www.brex.com/journal/press/brex-announces-partnership-with-fifth-third-bank) Intelligent finance for the businesses that power America: Brex and Fifth Third Bank unite to deliver AI-native corporate cards and automation at unprecedented scale. ### [Brex Announces Partnership with Oracle as First Fintech Global Issuer to Power B2B Payments in Oracle Fusion Cloud ERP](https://www.brex.com/journal/press/brex-announces-partnership-with-oracle-fusion) Powering the future of enterprise payments: Brex is the first fintech embedded in Oracle Cloud ERP, enabling global companies to pay suppliers instantly and intelligently. ### [Brex Announces Launch of Stablecoin Payments](https://www.brex.com/journal/press/brex-announces-launch-of-stablecoin-payments) Powering the next generation of business: Brex will be the first global corporate card to offer instant balance payments with stablecoins, helping customers operate globally with speed.