The release of the new report kicks off the 2023 L?ATTITUDE Conference in Miami, Florida, creating a national platform for deeper analysis and discussion by top U.S. Latino business leaders about The New Mainstream Economy The Latino Donor Collaborative, a nonprofit organization and think tank dedicated to producing research that highlights economic opportunities for growth, has released its hi...
Sitio Royalties Corp. (STR) today announced the pricing of $600 million in aggregate principal amount of senior unsecured notes due 2028 by its subsidiaries, Sitio Royalties Operating Partnership, LP, and Sitio Finance Corp.. The size of the offering was increased from $500 million. The offering is expected to close on October 3, 2023, subject to customary closing conditions.
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 Jet Insurance Company. The Credit Ratings reflect Jet?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.
Team prefers quality factor within equities, views government bonds as attractive Russell Investments? strategists expect a mild recession for the U.S. economy in 2024, while market expectations for the U.S. Federal Reserve to navigate a soft-landing provide equities with support for the next few months.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued CAD 400 million, 5.276% senior unsecured medium-term notes, due 2054, issued by Intact Financial Corporation.
Company Also Obtained a Registration as Virtual Asset Service Provider in Spain Kraken, one of the world?s longest-standing and most secure crypto platforms, today announced it has received authorization from the Central Bank of Ireland as an E-Money Institution.
Integration with Freddie Mac?s AIM Check API can help automate and simplify income assessment to turn leads into applications Blend, a leading provider of cloud banking services, today announced the addition of Assets-Derived Income to its existing Blend Income product.
AgTech leader invited as Unicorn Innovation Community member to be among the world?s most promising start-ups and scale-ups. ProducePay, the agtech company transforming the global produce industry into a more connected and sustainable supply chain, has joined the World Economic Forum's prestigious Innovator Communities as a Unicorn member.
On September 22, 2023, KBRA assigned a long-term rating of AA+ with a Stable Outlook to The City of New York?s General Obligation Bonds, Fiscal 2024 Series B, consisting of Taxable Social Bonds, Subseries B-1 and Taxable Bonds, Subseries B-2. To access rating and relevant documents, click here. Click here to view the report.
Given the strong recovery in Mexico?s insurance industry amid expected GDP growth in 2023, AM Best has revised its outlook on the country?s insurance segment to stable from negative. The Best?s Market Segment Report, ?Market Segment Outlook: Mexico Insurance,? states that premiums in the first half of 2023 grew by 8.5% following three years of near-stagnant growth.
Schwab Asset Management?, the asset management arm of The Charles Schwab Corporation (SCHW) and the fifth-largest provider1 of ETFs, today announced the reduction of operating expense ratios for the Schwab High Yield Bond ETF and the Schwab U.S. TIPS ETF, bringing the fees for Schwab Asset Management?s entire lineup of fixed income ETFs to only three basis points.
Given the strong recovery in Mexico?s insurance industry amid expected GDP growth in 2023, AM Best has revised its outlook on the country?s insurance segment to stable from negative. The Best?s Market Segment Report, ?Market Segment Outlook: Mexico Insurance,? states that premiums in the first half of 2023 grew by 8.5% following three years of near-stagnant growth.
LONDON & HO CHI MINH CITY, Vietnam---- To avoid issuance of an acceleration notice, No Va Land Investment Group Corp. must engage with an Ad Hoc Group of international bondholders, comprising investors with a combined AUM in excess of USD15bn, holding over 75% of USD 300m convertible bonds, to negotiate a restructuring agreement in good faith.
KBRA assigns a long-term rating of AA+ with a Stable Outlook to The City of New York?s General Obligation Bonds Fiscal 2024 Series B - Taxable Social Bonds, Subseries B-1 and Taxable Bonds, Subseries B-2. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Reaseguradora Delta, S.A.. The outlook of these Credit Ratings is stable.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of State Farm Mutual Automobile Insurance Company and its affiliates, State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas, collectively referred to as State Farm Group.
Sunnova Energy Corporation, a wholly owned subsidiary of Sunnova Energy International Inc. (NOVA), today announced the pricing of $400 million aggregate principal amount of green 11.750% senior notes due 2028 in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended and to non-U.S. persons outside of the United States in reliance on Regulation S...
Recognized innovator will contribute to WEF?s Centre for Cybersecurity?s initiative to address systemic challenges and build cyber resilience. Metabase Q, a leading all-in-one cybersecurity solution, today announced it has joined the World Economic Forum?s Global Innovators Community.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Compa??a Reaseguradora del Ecuador S.A.. The outlook of these Credit Ratings is positive.
AM Best has downgraded the Financial Strength Rating to C from C++ and the Long-Term Issuer Credit Rating to ?ccc? from ?b+? of Insurance House P.S.C.. Concurrently, AM Best has withdrawn these Credit Ratings as the company has requested to no longer participate in AM Best?s interactive rating process.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Highmark Inc. and its life/health subsidiaries, collectively known as Highmark Inc. Group.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of East Africa Reinsurance Company Limited. The ratings reflect EARe?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
Coveted industry recognition ? representing continued excellence in the growing cannabis industry ? was awarded to Green Check at this year?s Annual Cannabis Payments, Banking, and Compliance Conference Green Check, the leading fintech provider of financial services solutions and industry insights in the emerging cannabis market, today announced it was named the Top Compliance Company at the PB...
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of National Reinsurance Corporation of the Philippines. The ratings reflect Nat Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb+? from ?bbb-? of Associated Mutual Insurance Cooperative. The ratings reflect Associated Mutual?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.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Samsung Fire & Marine Insurance Co., Ltd. and its subsidiaries, Samsung Fire & Marine Insurance Company of Europe Limited, Samsung Vina Insurance Co., Ltd., and Samsung Reinsurance Pte.
AM Best has affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa-? and the Mexico National Scale Rating of ?aaa.MX? of Sompo Seguros Mexico, S.A. de C.V.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Sompo Japan Insurance Inc. and its subsidiaries. Concurrently, AM Best has affirmed the Long-Term ICR of ?a-? of Sompo International Holdings Ltd.. In addition, AM Best has affirmed the Long-Term Issue Credit Rating of ?a-? on $335 million 7% senior unsecured notes due by 2034.
On September 20, 2023, KBRA assigned a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2023A and McCormick Place Expansion Project Refunding Bonds, Series 2023B. To access rating and relevant documents, click here. Click here to view the report.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Quest Insurance Group Limited. These ratings reflect Quest?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.
Carl Katerndahl to join new team as Chief Operating Officer First Eagle Investments today announced that it has established a new High Yield Municipal Credit team. ?At First Eagle, we want to be a gravity well for superb talent. Miller has spent nearly three decades in the municipal bond arena, with more than 23 years managing portfolios on behalf of clients.
Inflation and ongoing market volatility remain the primary concerns of business leaders of mid-sized corporates and organizations surveyed by Citi Commercial Bank in its first ?Global Industry Insights Report? released today.
Obesity and overweight are estimated to have caused a staggering $37.3 billion reduction in New York?s economy in 2022, equivalent to 1.8% of the state's gross domestic product, according to a report released by GlobalData Plc (GLDAF), a leading data and analytics company.
On September 19, 2023, KBRA assigned long-term ratings of AA with Positive Outlooks to the Chicago Park District's General Obligation Limited Tax Park Bonds Series 2023B; General Obligation Limited Tax Refunding Bonds, Series 2023C; General Obligation Unlimited Tax Refunding Bonds, Series 2023D; and General Obligation Unlimited Tax Bonds, Series 2023F.
Sunnova Energy Corporation, a wholly-owned subsidiary of Sunnova Energy International Inc. (NOVA), today announced that it intends to offer, subject to market conditions, $400 million aggregate principal amount of green senior notes due 2028 in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended and to non-U.S. persons outside of the United S...
?Price tier analysis shows demand is ?down filtering? to starter and mid-priced tiers? First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (FAF), today released its August 2023 Home Price Index report.
$300 million in senior debentures will be due in 2033 Interstate 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 5.700% senior debentures.
Father of Five Becomes First-Time Homeowner. Jonathon Gilland has lived in Albuquerque, New Mexico, his whole life. The Federal Home Loan Bank of Dallas, through its member New Mexico Bank & Trust awarded Mr. Gilland an $8,000 Homebuyer Equity Leverage Partnership subsidy to assist him with down payment and closing costs. ?When I tell people about HELP, they almost don?t believe it.
PennyMac Mortgage Investment Trust (PMT) today announced that it has priced an underwritten public offering of $50,000,000 aggregate principal amount of its 8.50% Senior Notes due 2028. The offering is expected to close on September 21, 2023 and is subject to customary closing conditions.
PennyMac Mortgage Investment Trust (PMT) today announced that it is commencing an underwritten public offering of senior notes due 2028. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol ?PMTU.
FHLB Dallas? Partnership Grant Program Provides 3:1 Match of Members? Donations. More than $557,000 in funding was awarded to 43 community-based organizations by the Federal Home Loan Bank of Dallas and 33 member institutions.
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Hotai Insurance Co., Ltd.. The outlook assigned to the FSR is stable, while the outlook assigned to the Long-Term ICR is positive.
AM Best has revised the outlooks to stable from positive for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb? of Georgia Farm Bureau Mutual Insurance Company and Georgia Farm Bureau Casualty Insurance Company, collectively referred to as the Georgia Farm Bureau Group.
BERLIN---- Trade Republic expands its offering: from now on, customers can invest in 500 liquid government and corporate bonds on a daily basis to secure high interest rates over the long term. "Especially in the current environment, bonds are an important asset class to benefit from high interest rates over the long term.
Hamilton Capital Partners Inc. is pleased to announce the launch of the Hamilton U.S. Bond Yield Maximizer ETF. HBND has closed the offering of its initial Class E units. ?We are thrilled to launch Canada?s first covered call bond ETF1, HBND.
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 Spheric Assurance Company, Ltd. These Credit 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 manage...
Liberty Media Corporation (LLYVB) announced today that it has closed its previously announced private offering of $1.15 billion aggregate original principal amount of its 2.375% exchangeable senior debentures due 2053, inclusive of Debentures in an aggregate original principal amount of $150 million issued pursuant to the exercise of an option granted to the initial purchasers, which was exercised in f...
?. 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 12.98. POOL FACTOR.
Deal enables leading community-first bank to offer real-time mortgage servicing and continue its legacy as an exemplar of customer care Sagent, a Warburg Pincus-backed fintech software company modernizing mortgage servicing for banks and lenders, today announced a six-year partnership extension with The Central Trust Bank to accelerate its rapid growth with scalable mortgage servicing fintech.
BRUSSELS---- Swift has entered a new phase of its breakthrough work on Central Bank Digital Currency interoperability, announcing that three central banks are beta testing its innovative solution for interlinking CBDCs, while 30 financial institutions are experimenting with the solution in a new sandbox to explore further use cases.
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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