AM Best has upgraded the Long-Term Issuer Credit Ratings to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company.
62% of Americans now believe we are in a recession, up four points over the last month The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, declined by 1.0% overall in August to return to a reading of 38.1 due to a significant drop on the Federal Policies component.
Liberty Media Corporation (LSXMA) announced today that it intends to offer $375 million aggregate principal amount of convertible senior notes in a private offering. The Notes will be convertible into cash, shares of Liberty?s Series C Liberty Formula One common stock or a combination thereof, at Liberty?s election.
Accurate Group Verified to support Freddie Mac?s ACE+ PDR product, giving lenders increased efficiency and broader access to Property Data Collectors Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced they have received verification from Freddie Mac for their ACE+ PDR offering.
Vesta?s next-generation LOS allows for seamless automated underwriting with a natively built integration to Fannie Mae Desktop Underwriter. Vesta, a state-of-the-art loan origination system and software-as-a-service company has announced an integration with Fannie Mae Desktop Underwriter?, the company?s automated underwriting system.
AM Best has released newly updated tables of net capital charges associated with a representative sample of mortgage-related transactions from Fannie Mae and Freddie Mac?s credit risk transfer programs ? Freddie Mac?s Agency Credit Insurance Structure and Fannie Mae?s Credit Insurance Risk Transfer.
?. Santander UK PLC. Issue of GBP 1,000,000,000.00. Floating Rate Covered Bond due 12 November 2024. Series 73 Tranche 1. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 4,241,073.97. POOL FACTOR.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Golden Tree Reinsurance Limited. Golden Tree is a subsidiary of Iris Financial Services Limited and is owned ultimately by Springbrook Capital Ltd., a privately held holding company with diversified operations in insurance and financial services.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Dunav-Re a.d.o.. The ratings reflect Dunav-Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to Spheric Assurance Company, Ltd. The outlook assigned to these Credit Ratings is stable. The ratings reflect Spheric?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
On August 4, 2022, KBRA assigned a long-term rating of AA with a Stable Outlook to the Triborough Bridge and Tunnel Authority General Revenue Bonds, Series 2022A. Concurrently, KBRA affirmed the long-term rating of AA on the TBTA?s outstanding General Revenue Bonds and the long-term rating of AA- on the Subordinate General Revenue Bonds. Click here to view the report.
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating of ?a? from ?a-? of Singapore Reinsurance Corporation Limited. The ratings reflect Singapore Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
BONN, Germany---- In the second quarter 2022, the world?s leading logistics group Deutsche Post DHL Group generated a double-digit revenue and EBIT growth. This press release features multimedia. "Thanks to the outstanding efforts of our employees we provide our customers with reliable logistics solutions also in volatile times.
Synovus Financial Corp. (SNV) today announced the pricing of its previously-announced underwritten public offering of $350 million of senior notes due 2025.
? Net Loss for the quarter of $168 million or $ per basic share and $ of diluted EPS primarily attributable to negative fair value marks, after model assumptions were updated to account for higher credit spreads ? ? Adjusted net loss* for the quarter of $22 million or $ per fully diluted share ? PLANO, Texas---- Finance of America Companies Inc. (FOA), , a customer focused, consumer and specialty len...
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of International Traders Insurance Co., Ltd.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the property/casualty subsidiaries of CNA Financial Corporation [NYSE: CNA], collectively known as CNA Insurance Companies.
Funds Provided Down Payment Assistance for Buyers of 12 Habitat Homes. First National Bank Texas and the Federal Home Loan Bank of Dallas presented $72,000 to the Dallas Area Habitat for Humanity in a ceremonial check presentation on Wednesday. This press release features multimedia.
Metallicus, a leader in digital assets technologies, today announced the formation of its Advisory Board comprised of former senior officials from the U.S. Federal Reserve, the Office of the Comptroller of the Currency, and executives with experience in regulatory compliance and internal audit at major financial institutions. This press release features multimedia.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Eurasia Insurance Company JSC. The ratings reflect Eurasia?s balance sheet strength, which AM Best assesses as strong, as well as the company?s strong operating performance, neutral business profile and appropriate enterprise risk management.
Risk mitigation strategies and smart procurement routes are still key considerations as global industry volatility continues Global construction consultancy firm, Linesight today released new data showing that stability may be returning to the cost of construction materials as pandemic-driven volatility subsides, but because of factors such as high global energy prices, increasing interest rate...
KBRA releases the July 2022 issue of CMBS Trend Watch. This month?s Spotlight features a review of the impact of servicer advancing for end-of-life conduit transactions. A look at the 2012 conduit universe shows a few transactions where the remaining loans are mostly nonperforming, and where the servicer determined that all advances of principal and interest on the loans are NRAD.
Synovus Financial Corp. (SNV) today announced an underwritten public offering of senior notes due 2025. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC will serve as the joint book-running managers for the offering. Synovus is conducting the offering pursuant to an effective registration statement under the Securities Act of 1933, as amended.
Williams announced today that it has priced a public offering of $1.00 billion of its 4.650% Senior Notes due 2032 at a price of 99.635 percent of par and $750 million of its 5.300% Senior Notes due 2052 at a price of 99.954 percent of par.
Quarterly revenue of $101.2 million, up 10.5% year over year Gross margin of 63.1%, up from 62.2% year over year Quarterly Billings of $101.6 million, down 5.3% year over year 2,905 Active Clients at June 30, 2022, up 9.8% year over year LAS VEGAS---- Rimini Street (RMNI), Inc., a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP ...
Increased Revenue by 43% Year-over-Year to $109.8 Million, a Record for the Second Quarter, Driven by Global Growth in Pre-Campaign Activation Across Programmatic, Social and CTV Activation Revenue Increased 60% to $60.5 Million Achieved Net Income of $10.3 Million and Second Quarter Record Adjusted EBITDA of $34.0 Million, representing a 31% Adjusted EBITDA margin Raised Midpoints of Full-Year...
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of BTG Pactual Resseguradora S.A.. The outlook of these Credit Ratings is stable. The ratings reflect BTG Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
B2B data company?s solutions recognized with Best Feature Set and Best Relationship accolades DemandScience, a global B2B data company that partners with customers to upgrade their sales pipelines, today announced that TrustRadius has recognized the company with two 2022 Summer Best of Awards in the Intent Data Providers category.
Kevin R. Greene, Chairman and CEO of Tassat? Group Inc., the leading provider of private blockchain-based business-to-business real-time payments and financial services solutions to banks, will speak at the Federal Reserve Bank of Philadelphia?s Sixth Annual Fintech Conference scheduled for today and tomorrow.
?. SELP JOINT VENTURE PRICES ?750 MILLION 3.75 PER CENT UNSECURED GREEN BOND ISSUE SEGRO plc (SEGXF), in its role as venture adviser to the SEGRO European Logistics Partnership joint venture, announces the pricing of a 5 year, ?750 million senior unsecured Green bond issue for SELP.
Regulatory News: SEGRO plc, in its role as venture adviser to the SEGRO European Logistics Partnership joint venture, announces the pricing of a 5 year, ?750 million senior unsecured Green bond issue for SELP. The proceeds of the issue will principally be used to refinance the existing ?500 million bond expiring in 2023, which are subject to an ongoing tender offer.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on September 1, 2022 to shareholders of record at the close of business on August 17, 2022. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Apex Secures Green Debt Facilities Totaling $650 Million, Positioning Company for Further Growth Apex Clean Energy today announced the refinancing and expansion of its corporate debt facilities to provide additional capital and flexibility for future growth.
The Sallie Mae Fund, in Partnership with Thurgood Marshall College Fund, to Provide up to $100,000 in Scholarships to Grad Students Advancing Social Justice The Sallie Mae Fund, the charitable arm of Sallie Mae, today announced it will again offer $100,000 in scholarships to students pursuing graduate degrees as part of the Bridging the Dream Scholarship for Graduate Students.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mutua de Riesgo Maritimo, Sociedad de Seguros a Prima Fija.
Curtiss-Wright Corporation (CW) today announced that it has priced a private placement debt offering of $300 million for senior notes, consisting of $200 million 4.49% notes due 2032 and $100 million 4.64% notes due 2034.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb-? of Kingstone Insurance Company. The ratings of KICO reflect its balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
Home prices across the United States rose in the first six months of the year at an annualized rate of 15.5 percent, according to homegenius Home Price Index data released today by homegenius Real Estate LLC, a Radian Group Inc. (RDN) company. This press release features multimedia.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of Talcott Resolution Life Insurance Company and Talcott Resolution Life and Annuity Insurance Company.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of the main subsidiaries of The Travelers Companies, Inc. [NYSE: TRV], collectively known as Travelers Group. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICR of ?a? of The Dominion of Canada General Insurance Company.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Midland National Life Insurance Company and North American Company for Life and Health Insurance.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of WAICA Reinsurance Corporation PLC.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of the members of The Hartford Steam Boiler Group. HSB?s ratings reflect the group?s balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, favorable business profile and very strong enterprise risk management.
FRANKFURT/MAIN, Germany---- Starting 1 August 2022, flatex, a brand of flatexDEGIRO AG (FNNTF), Europe's leading online broker for retail investors, will support the police union of North Rhine-Westphalia as an exclusive partner in the area of online brokerage. flatex thereby offers more than 46,000 union members the opportunity to take their financial future into their own hands with simple and secure...
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating to ?bbb-? from ?bbb? of Associated Mutual Insurance Cooperative. The ratings reflect Associated Mutual?s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
KBRA assigns preliminary ratings to 62 classes from Connecticut Avenue Securities, Series 2022-R08, a credit risk sharing transaction with a total note offering of $626,304,000. The Reference Pool consists of 67,644 residential mortgage loans with an outstanding principal balance of approximately $20.4 billion as of the cut-off date.
The Federal Home Loan Bank of Dallas today reported net income of $65.6 million for the quarter ended June 30, 2022. Total assets at June 30, 2022 were $77.7 billion, compared with $62.6 billion at March 31, 2022 and $63.5 billion at December 31, 2021. Advances totaled $36.4 billion at June 30, 2022, compared with $26.8 billion at March 31, 2022 and $24.6 billion at December 31, 2021.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the second quarter and six months ended June 30, 2022. ?Member advance demand, which gained momentum last quarter, has strengthened,? said Winthrop Watson, President and Chief Executive Officer.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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