AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Symetra Life Insurance Company and its subsidiary, First Symetra National Life Insurance Company of New York, together referred to as Symetra Life Group.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., 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.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Equitable Financial Life and Annuity Company. The ratings reflect EFLA?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bb? from ?bb+? and affirmed the Financial Strength Rating of B of Southern General Insurance Company. The ratings reflect Southern General?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
Stem, Inc. (STEM) announced today the pricing of $200 million aggregate principal amount of 4.25% Green Convertible Senior Notes due 2030 in a private offering, which was upsized from the previously announced $175 million offering, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
?. Consort Healthcare Funding plc. GBP398,680,000 1.972per cent Index Linked. Guaranteed Secured Bonds due 2044. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 1,000.00 IS GBP 12.72. POOL FACTOR.
?. Consort Healthcare Funding plc. GBP 63,964,000 2.9753 per cent. Index-Linked Guaranteed Secured Bonds due 2040. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 1,000.00 IS GBP 16.63613. POOL FACTOR.
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to Interamericana de Fianzas y Seguros, S.A.. The outlook assigned to these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Acerta Compa?ia de Seguros, S.A.. The outlook of these Credit Ratings is positive. The ratings reflect Acerta?s balance sheet strength, which AM Best assesses as strongest, as well as its marginal operating performance, neutral business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Alaska Timber Insurance, Inc.. The outlook of these Credit Ratings is negative. The ratings reflect ATI?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, very limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Zurich Insurance plc, a subsidiary of Zurich Insurance Group Ltd. The outlook of the FSR is stable while the outlook of the Long-Term ICR is positive.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Momentum Life Limited. The ratings reflect Momentum Life?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Stem, Inc. (STEM) announced today its intention to offer, subject to market conditions and other factors, $175 million aggregate principal amount of green Convertible Senior Notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
AM Best has assigned Long-Term Issue Credit Ratings of ?a? to UnitedHealth Group Incorporated?s [NYSE: UNH] recently issued $1.25 billion 4.250% senior unsecured notes, due 2029, $1.5 billion 4.5% senior unsecured notes, due 2033, $2 billion 5.05% senior unsecured notes, due 2053, and $1.75 billion 5.2% senior unsecured notes, due 2063.
- Level of Refinancing demonstrates the resilience of Renew?s funding engine - Most of the pending dollar bond maturities are now slated for FY2027 and beyond ReNew Energy Global Plc (RNW), India?s leading clean energy company and a preferred decarbonisation partner, announced on Tuesday that it has repaid more than $1 billion to its offshore bondholders in FY 2023.
InterPrice Technologies, a Nasdaq Ventures-backed treasury capital markets platform, announced that it has launched its bank API connectivity to instantly connect corporate treasury teams with their banking relationship partners. ?Having been one of the earliest adopters of the InterPrice platform, we are very pleased to see instant and direct connectivity with our relationship banks.
Pioneer Natural Resources Company (PXD) today announced that it has priced a public offering of $1.1 billion of 5.100% Senior Notes that will mature March 29, 2026, pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission.
KBRA Analytics releases this month?s edition of The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk. This month?s newsletter, Bank Treasurers Reconsider Asteroid Insurance, reviews the critical steps the Federal Reserve, FDIC, and U.S. Treasury have taken to stabilize financial markets and reassure depositors in the wake of the bank failures this month.
$300 million in green bonds will be due in 2033 Wisconsin Power and Light Company, a wholly owned subsidiary of Alliant Energy Corporation (LNT), announced the pricing of its public offering of $300 million aggregate principal amount of 4.950% debentures.
Employee-owned Baird announced that the Baird Strategic Municipal Bond Fund has received a 2023 Refinitiv Lipper Fund Award. The Baird Strategic Municipal Bond Fund is co-managed by Lyle Fitterer, CFA, Duane McAllister, CFA, Erik Schleicher, CFA, Joe Czechowicz, CFA and Gabe Diederich, CFA.
AM Best has removed from under review with negative implications and downgraded the Long-Term Issuer Credit Rating to ?bb? from ?bb+? and affirmed the Financial Strength Rating of B of Universal Insurance Company Limited.
?. Central Nottinghamshire Hospitals PLC. GBP 351,900,000 1.8768 per cent. Guaranteed Secured Bonds due 2042. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 50,000.00 IS GBP 568.88. POOL FACTOR.
Warning in compliance with AMF Recommendation of 14 February 2023: This press release notably refers to a financing Poxel has set up in the form of bonds redeemable for new or existing shares with IRIS, which, after receiving the shares resulting from the redemption of those instruments, is not expected to remain a shareholder of the Company.
AM Best has removed from under review with negative implications and downgraded the Long-Term Issuer Credit Rating to ?bb? from ?bb+? and affirmed the Financial Strength Rating of B of Brightsideco Insurance Limited.
The leading B2B digital payments platform has been a FedNow showcase participant, providing its capabilities to financial institutions interested in utilizing FedNow Tassat Group Inc., the leading provider of private blockchain-based business-to-business real-time payments and financial services solutions to banks, today announced that its client-facing API can serve as an on-ramp to FedNow, th...
Achievement of 100% Renewable Energy; $18 Million-Plus in Charitable Contributions; and Enabling Growth of UN Sustainable Development Goal-Linked Bonds Among Report Highlights Jefferies Financial Group, Inc. (JEF) announced the publication of Jefferies? annual ESG/DEI Report, which can be viewed in full here: https://www.jefferies.com/CMSFiles/Jefferies.com/Files/Sustainability/Jefferies-2023-ESG-DEI...
OCR Labs is proud to be featured in the Federal Reserve?s FedNow Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K154 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-154. The underlying transaction is collateralized by 50 fixed-rate multifamily mortgage loans.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of ?ptima Seguros. The Credit Ratings reflect ?ptima Seguros? 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 upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Kelvin Re Limited. The ratings reflect Kelvin Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bb? from ?bb+? and affirmed the Financial Strength Rating of B of Custodian and Allied Insurance Limited. The ratings reflect CAIL?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Ratings to ?bbb+ from ?a-? of Topa Insurance Company and its subsidiary, Dorchester Insurance Company, Ltd.. Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings.
NEW YORK---- WeWork Inc. (WE), the leading global flexible space provider, today announced that it has entered into a series of agreements with an ad hoc group representing over 60% of the company?s public bonds, a third-party investor, and SoftBank?s Vision Fund II which will provide the company with an improved and sustainable balance sheet.
Invitation Homes Inc. (INVH) today announced that S&P Global Ratings upgraded the company?s issuer and issue-level credit ratings to ?BBB? from ?BBB-? with a Stable outlook.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Arch Reinsurance Ltd. and its strategic affiliates. The ratings reflect the group?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of The Penn Mutual Life Insurance Company and its wholly owned subsidiaries, The Penn Insurance and Annuity Company, Vantis Life Insurance Company and The Penn Insurance and Annuity Company of New York.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Principal Life Insurance Company and Principal National Life Insurance Company. The ratings reflect Principal?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
?. NewHospitals Finance PLC. GBP178,300,000 1.7774 per cent Index Linked. Guaranteed Secured Bonds due 2047. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 50,000.00 IS GBP 616.68. POOL FACTOR.
The Service will Debut with Financial Institutions and the U.S. Treasury on Board The Federal Reserve announced that the FedNow Service will start operating in July and provided details on preparations for launch. The first week of April, the Federal Reserve will begin the formal certification of participants for launch of the service.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group.
AM Best has downgraded the Financial Strength Rating to C++ from B and the Long-Term Issuer Credit Rating to ?b? from ?bb? of The Order of United Commercial Travelers of America. The ratings reflect UCT?s balance sheet strength, which AM Best assesses as weak, as well as its weak operating performance, limited business profile and marginal enterprise risk management.
Affirms AA Rating on Series 2021-1 Notes Kroll Bond Rating Agency upgraded its rating on Fidus Re?s $100 million Series 2018-1 Notes to AA+ and affirmed its AA rating on Fidus Re?s $150 million Series 2021-1 Notes.
Primaris Real Estate Investment Trust announced today receipt of its issuer rating upgrade to BBB, from BBB, maintaining a Stable trend, assigned by DBRS Morningstar. ?We are very proud to have received an issuer rating upgrade to BBB High, amongst the highest DBRS ratings currently awarded within the Canadian public REIT universe,? commented Rags Davloor, Chief Financial Officer.
Leading valuation management technology platform provides lenders, AMCs and appraisers a complete toolset to support valuation modernization AppraisalWorks?, the leading property valuation and valuation management technology provider, today announced the platform provides turnkey support for Fannie Mae?s Value Acceptance + Property Data framework.
BayCom Corp (BCML), and its wholly owned subsidiary United Business Bank, a Western Regional bank, today confirmed its capital and liquidity positions remain strong. The Bank has access to approximately $1.1 billion in liquidity from numerous sources including its borrowing capacity at Federal Home Loan Bank.
Finance Looks to Technology to Mitigate Productivity and Efficiency Gaps Corporate finance leaders expect to remain focused on digital transformation in 2023 to address recession, inflation, geopolitical turmoil and talent shortages, according to the 2023 CFO Agenda research from The Hackett Group (HCKT), Inc.. Other top priorities for the year include providing support for growth strategies, better p...
First monthly Index report shows small businesses in Canada employed 8,700 fewer people compared to previous month Intuit Inc. (INTU), the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, has launched the Intuit QuickBooks Small Business Index, a powerful new monthly indicator of employment and hiring among small businesses in Canada, the US, and the U...
First Monthly Index Report Shows US Small Business Employment Drops 0.06% in February 2023 Compared to Previous Month US Small Businesses with One to Nine Employees Still Account for Over 12.8 Million Jobs Intuit Inc. (INTU), the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, has launched the Intuit QuickBooks Small Business Index, a powerful new mon...
UK small business job vacancies dropped 2.5% in February 2023, with 3,800 fewer job vacancies, continuing a trend which dates back to March 2022 But vacancy numbers are still 29% higher than the pre-pandemic period according to the Index LONDON---- Intuit, the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, has launched the Intuit QuickBooks Sm...
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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