Ryan Specialty holds a Long-Term Issuer Default Rating (IDR) of BB+ with a stable outlook from Fitch Ratings, reflecting its solid market position in specialty insurance brokerage, strong organic revenue growth, and robust cash flow generation. Additionally, its senior secured term loans and credit facilities hold investment-grade equivalent or upper-tier ratings (such as BBB- with strong recovery ratings), while agencies like Moody's assign ratings reflecting its stable financial profile and manageable leverage ratios across evolving market cycles.