KBRA assigns preliminary ratings to 63 classes from Connecticut Avenue Securities, Series 2025-R01, a credit risk sharing transaction with a total note offering of $777,109,000. The Reference Pool consists of 51,922 residential mortgage loans with an outstanding principal balance of approximately $17.4 billion as of the cut-off date.
PAR Technology Corporation (PAR) announced today its intention to offer $100 million aggregate principal amount of 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, subject to market conditions and other factors.
?. Anglian Water Services Financing Plc. Issue of GBP 100,000,000 Class A Wrapped Floating. Rate Bonds due 2057 Series 26 Tranche 1. MTN. 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 1,405.14. POOL FACTOR.
?. AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the life/health insurance subsidiaries of Prudential Financial, Inc. [NYSE: PRU], collectively referred to as Prudential.
Arcos Dorados Holdings Inc. (ARCO) today announced that its subsidiary Arcos Dorados B.V. intends to offer senior unsecured notes in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.
KBRA assigns a rating of BBB+ to Blue Owl Credit Income Corp.'s $400 million, 6.60% senior unsecured notes due September 15, 2029, which are an add-on to the $500 million 6.60% senior unsecured notes with original settlement date of May 14, 2024.
Funds Will Help With New Refuge Family and Respite Shelter. Representatives from the Federal Home Loan Bank of Dallas and First Security Bank awarded $30,000 in Partnership Grant Program funding to the Conway Ministry Center to assist the nonprofit organization with its efforts to reduce homelessness. This press release features multimedia.
Guangdong Province is expected to maintain its leading position as China?s top provincial economy in 2024, with its GDP estimated to surpass 14 trillion yuan, according to the Guangdong Provincial People?s Congress report on January 15, 2025. This press release features multimedia.
Franklin Templeton Institute?s Global Investment Management Survey reveals optimistic outlook for the economy, equities, fixed income and alternative investments in 2025 Investors are gearing up for a promising 2025, citing stable inflation, rates, and low unemployment according to the latest Global Investment Management Survey by the Franklin Templeton Institute.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Post-Telecommunication Joint Stock Insurance Corporation.
Advisor concerns for a major equity market downturn largely wavered in the final quarter of 2024 Registered Investment Advisors have an improved outlook and increased optimism following the U.S. election, according to the latest RIA Economic Outlook Index from Security Benefit in partnership with Greenwald Research.
Redwood Trust, Inc. (RWT) today announced the pricing of an underwritten public offering of $90,000,000 aggregate principal amount of its 9.125% senior notes due 2030.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of RAM Mutual Insurance Company. The ratings reflect RAM?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
Pershing Square Capital Management, L.P. will host an X Live broadcast on Thursday, January 16, 2025, at 9:00 AM EST. The broadcast can be accessed here: https://x.com/BillAckman About Pershing Square Capital Management, L.P. Pershing Square Capital Management, L.P., based in New York City, is an SEC-registered investment advisor to investment funds.
MISSISSAUGA, Ontario---- Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that its Wuxi factory in China has been recognized by the World Economic Forum as a Sustainability Lighthouse. This press release features multimedia.
Actively managed ETF targets attractive income by investing across fixed income securities, with a focus on corporate bonds Infrastructure Capital Advisors, a leading provider of investment management solutions designed to meet the needs of income-focused investors, is today announcing the launch of the latest addition to the firm?s lineup of Exchange-Traded Funds, the Infrastructure Capital Bo...
Eaton Vance Municipal Bond Fund (EIM) announced today the final results of the Fund?s cash tender offer for the following amount of its outstanding common shares. The final results of the Tender Offer based on a count by Equiniti Trust Company, LLC, the depositary for the Tender Offer, are provided in the table below.
Funds Will Help Families Dealing with Chronic Poverty. The Federal Home Loan Bank of Dallas, Origin Bank and Century Next Bank awarded $60,000 in Partnership Grant Program funding to Zion Traveler Community Development Corporation to assist the nonprofit with expenses including rental, utility and food assistance for families dealing with chronic poverty. This press release features multimedia.
Report details how private credit will continue to remain a resilient, high-performing asset class amidst global economic shifts and market volatility Percent, the platform powering the modern private credit marketplace, released their 2025 Private Credit Outlook.
Three Additional Leaders Reappointed for Housing and Economic Development Guidance. The Federal Home Loan Bank of Chicago is pleased to announce the appointment of Fern Orie, CEO of the Wisconsin Indigenous Housing and Economic Development Corporation, to its Community Investment Advisory Council for a three-year term. This press release features multimedia.
For the fourth year in a row, Berry Global Group, Inc. (BERY) has received an upgraded environmental, social and governance rating from international ratings agency MSCI. ?We are incredibly proud of our recent upgrade by MCSI to an ?AA? rating. Over the past year, Berry Global (BERY) drove improvements across the MSCI key issues of Corporate Governance, Corporate Behavior, and Packaging Material & Waste.
Fab 12A in Tainan, Taiwan is among 17 new sites joining the Global Lighthouse Network United Microelectronics Corporation (UMC), a leading global semiconductor foundry, today announced that its flagship Fab 12A in Tainan, Taiwan has been selected for the World Economic Forum?s Global Lighthouse Network, a group of 189 sites identified as exemplars in leveraging Fourth Industrial Revolution technologi...
Atlantic Union Bankshares Corporation (AUB) and Sandy Spring Bancorp, Inc. (SASR) jointly announced today the receipt of regulatory approvals from the Federal Reserve Bank of Richmond, acting on delegated authority from the Board of Governors of the Federal Reserve System, to complete the previously announced merger of Sandy Spring with and into Atlantic Union in an all-stock transaction.
KBRA assigns a rating of BBB to Blue Owl Technology Finance Corp. $650 million, 6.100% senior unsecured notes due March 15, 2028. Key Credit Considerations OTF benefits from its ties to the $128.4 billion Blue Owl Credit platform, with approximately $27 billion deployed into the technology strategy across all funds since inception.
Mr. Greig Brings Decades of Experience in Financial Services, Risk Management, Strategy, and Operations to the Board Sallie Mae?, formally SLM Corporation (SLM), today announced the appointment of Henry Greig to its board of directors, effective January 12, 2025. Mr. Greig brings decades of industry experience in financial services, risk management, strategy, and operations to the Board.
Strategos Group is pleased to announce that its newest partner Gregory Haile, J.D., who leads the firm?s recently launched Higher Education and Workforce Advisory practice, has been appointed the 2025 chair of the Federal Reserve Bank of Atlanta?s board of directors.
Eaton Vance Municipal Bond Fund (EIM) announced today the preliminary results of the Fund?s cash tender offer for up to 5% of its outstanding common shares that expired at 5:00 p.m. Eastern Time on January 10, 2025.
KBRA assigns a long-term rating of AAA to the Dallas Independent School District, TX: Multi-Modal Unlimited Tax School Building Bonds, Series 2025A; Unlimited Tax School Building and Refunding Bonds, Series 2025B; and, Unlimited Tax Refunding Bonds, Series 2025C.
UMB will have approximately $66 billion in assets, elevating it to the top 4% of publicly traded U.S. banks UMB Financial Corporation (UMBF) and Heartland Financial USA, Inc. (HTLF) are pleased to share that the necessary regulatory approvals from the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System have been received to complete the previously announced acqu...
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of RGA Reinsurance Company, RGA Americas Reinsurance Company Ltd, RGA Life Reinsurance Company of Canada, Aurora National Life Assurance Company and RGA Life and Annuity Insurance Company.
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 First Net Insurance Company.
AM Best has revised the outlooks to negative from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of A and the Long-Term ICRs of ?a+? of Brighthouse Life Insurance Company, New England Life Insurance Company and Brighthouse Life Insurance Company of NY. These entities are collectively referred to as Brighthouse and are operating as insurance subsidiarie...
MacKay Municipal Managers?, the municipal bond team of specialty fixed income manager MacKay Shields, today lays out its investment view that the market?s traditional, compelling attributes have returned, and participants should capitalize on the opportunity.
Webcast Scheduled for Thursday, Jan. 23, at 5:30 p.m. ET Sallie Mae?, formally SLM Corporation (SLM), will release fourth-quarter and full-year 2024 financial results after market close on Thursday, Jan. 23, 2025. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. Investors should log in at least 15 minutes prior to the broadcast.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Columbia Lloyds Insurance Company and MDOW Insurance Company, which are collectively referred to as Columbia Lloyds Companies.
AM Best has downgraded the Financial Strength Rating to B- from B and the Long-Term Issuer Credit Ratings to ?bb-? from ?bb+? of Rutgers Casualty Insurance Company and American European Insurance Company, which operate an intercompany reinsurance pooling agreement, and are collectively known as AEIG or the group.
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk REMIC 2025-DNA1 Notes, Freddie Mac STACR REMIC Trust 2025-DNA1, a credit risk sharing transaction with a total note offering of $675,500,000.
KBRA releases a report on payoff rates of 2024 loan maturities in U.S. commercial mortgage-backed securities. This KBRA report highlights the refinancing experience of $56.2 billion in loans from conduit and single-asset single borrower CMBS transactions that matured in 2024.
HF Sinclair Corporation (DINO) announced today that it has priced an offering of $1,400,000,000 aggregate principal amount of its senior notes, consisting of $650,000,000 aggregate principal amount of 5.750% Senior Notes due 2031 and $750,000,000 aggregate principal amount of 6.250% Senior Notes due 2035 at a price to the public of 99.667% and 99.475%, respectively, of the principal amount thereof.
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Ratings to ?a? from ?a-? of Employers Preferred Insurance Company and its pooled affiliates, collectively referred to as Employers Insurance Group . Concurrently, AM Best has upgraded the Long-Term ICR to ?bbb? from ?bbb-? and the indicative Long-Term Issue Credit Ratings of Employers Holdings, Inc. ...
Economic Slowdown Would Have an Outsized Impact on Top U.S. Travel Destinations New data by leading global economic forecaster Oxford Economics Research shows that the Durbin-Marshall credit card bill introduced in 2023 could create an economic slowdown for the U.S. costing $227 billion in lost economic activity and 156,000 lost jobs.
?. Santander UK PLC. Issue of GBP 1,250,000,000.00. Floating rate covered bond due July 2027. Series 84 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 16,682,917.81. POOL FACTOR.
?. Santander UK PLC. Issue of GBP 1,500,000,000.00. Floating Rate Covered Bonds due Jan 2028. Series 80 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 20,430,871.23. POOL FACTOR.
New York Life, America?s largest mutual life insurer,1 enters 2025 with the highest possible financial strength ratings currently awarded to any life insurer operating in the United States by all four of the major rating agencies. Standard & Poor?s affirmed New York Life?s rating of AA+, the agency?s highest rating for a U.S. life insurer, in June.
This year?s Index failed to match its record-shattering performance from 2023 but still posted third-highest score of all time while cementing positive long-term trend for conscious consumerism After a dozen years of tracking socially responsible spending, the U.S. remains on a positive trajectory, according to the most recent Conscious Consumer Spending Index.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Centerline Insurance Company. The ratings reflect Centerline?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Regulatory News: SpineGuard, an innovative company that deploys its DSG? local conductivity sensing technology to secure and streamline the placement of bone implants, announces the completion of a bond financing agreement of an amount up to ?1 million and the subscription of 100.000 euros to support the commercialization of its two new products featuring DSG? technology: Threaded PediGuard for...
KBRA releases the December 2024 issue of CMBS Trend Watch. U.S. CMBS ended the year on a high note, as issuance exceeded $100 billion?a level experienced only once since the global financial crisis. In December, KBRA published pre-sales for five deals including three conduits, one SB, and one Agency. The Spotlight section reviews the rating transitions that occurred in 2024.
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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