The Sallie Mae Fund, in Partnership with Thurgood Marshall College Fund, to Provide up to $650,000 in Scholarships for AY2022-23 Scholarships Designed to Remove Financial Obstacles to College Completion for Students From Historically Underserved Communities NEWARK, Del. This press release features multimedia.
Apartment Income REIT Corp. (AIRC) today announced the issuance of three tranches of guaranteed, senior unsecured notes, totaling $400 million at a weighted average effective interest rate of 4.3%, inclusive of a previously placed treasury lock, and a weighted average maturity of eight years. Proceeds from the offering were used to repay borrowings under the revolving credit facility.
1ct. Diamond market sentiment received a boost from the Las Vegas shows, which demonstrated robust US demand. The RapNet Diamond Index for 1-carat diamonds slid 1.8% in June but increased 7.4% between the beginning of the year and July 1. Trading in Las Vegas reflected jewelers? strong liquidity after a profitable 2021.
The following Eaton Vance closed-end funds announced distributions today as detailed below. Declaration ? 7/1/2022 ????Ex-Date ? 7/21/2022 ????Record ? 7/22/2022 ????Payable ? 7/29/2022. Municipal Bond Funds: Fund Ticker ?. Distribution ?. Change From Prior Distribution ?. Closing Market Price ? 6/30/22 ?. Distribution Rate at Market Price Eaton Vance California Municipal Bond Fund. EVM.
Enviva Inc. (EVA) today announced that it has priced $250,000,000 of bonds in the U.S. tax-exempt market through the Industrial Development Authority of Sumter County, Alabama. Use of Proceeds Enviva (EVA) estimates that the net proceeds of this Offering will be $246,000,000, after deducting the underwriters? discount and other transaction-related costs.
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.
On June 24, 2022 KBRA assigned a long-term rating of AAA with a Stable Outlook to the Commonwealth of Massachusetts Special Obligation Revenue Bonds 2022 Series A and Special Obligation Revenue Bonds 2022 Series B. Click here to view the report.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Rating of ?aa+? of Thrivent Financial for Lutherans. The ratings reflect Thrivent?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
Pentair plc (PNR) announced today that Pentair Finance S.? r.l., a wholly-owned subsidiary of Pentair (PNR), priced a public offering of $400.0 million of 5.900% senior notes due 2032.
Home prices across the United States set a new all-time record for price appreciation, rising at an annualized rate of 18.0 percent in May 2022 from April 2022, 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 upgraded the Long-Term Issuer Credit Rating to ?aa? from ?aa-? and affirmed the Financial Strength Rating of A+ of Aflac Life Insurance Japan, Ltd., American Family Life Assurance Company of Columbus, American Family Life Assurance Company of New York and Continental American Insurance Company.
Team expects equity markets to stabilize and possibly recover in the second half of 2022 As recession fears and central-bank tightening drive market volatility at mid-year 2022, Russell Investments? strategists believe U.S. core inflation has likely peaked and markets should stabilize and possibly recover over the second half of the year.
Through Payoneer?s API integration for cross-border payments, EC21 now makes it easier for SMBs to sell into over 190 countries and territories Payoneer, the commerce technology company powering payments and growth for the new global economy, and EC21, a Korean-based global B2B marketplace, have partnered to support the cross-border business of Korean SMBs.
U.S. Bancorp (USB) commented on the results of the Federal Reserve?s Dodd-Frank Act Stress Test conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Wells Fargo & Company (WFC) today announced that it has completed the 2022 Comprehensive Capital Analysis and Review stress test process. This press release features multimedia. The Company expects to increase its third quarter 2022 common stock dividend to $0.30 per share from $0.25 per share, subject to approval by the Company?s Board of Directors at its regularly scheduled meeting in July.
The Charles Schwab Corporation (SCHW) announced today that it has received the results of the Federal Reserve?s 2022 Comprehensive Capital Analysis and Review. This 2.5% SCB will be applicable to Schwab for the four-quarter period beginning October 1, 2022. Schwab ended the first quarter of 2022 with a consolidated Tier 1 Leverage Ratio of 6.1%, down slightly from 6.2% at year-end 2021.
The auto industry will need to expand its focus from vehicle sales to the full vehicle lifecycle, collaborating significantly with other players in the value chain.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to British Caribbean Insurance Company Limited. The ratings reflect BCIC?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
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 Saudi Arabian Insurance Company B.S.C.. The outlook assigned to these Credit Ratings is negative.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Ratings to ?bbb+? from ?a-? of New London County Mutual Insurance Company, Hingham Mutual Fire Insurance Company, Thames Insurance Company, Inc. and Danbury Insurance Company, which operate under an intercompany pooling agreement and are collectively referred to as NLC Insurance Companies Pool.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Pacific Life Insurance Company and Pacific Life & Annuity Company. The ratings reflect Pacific Life Group?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Gar-Bo F?rs?kring AB. The ratings reflect Gar-Bo?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2022-R07, a credit risk sharing transaction with a total note offering of $$866,110,000. The Reference Pool consists of 101,170 residential mortgage loans with an outstanding principal balance of approximately $30.6 billion as of the cut-off date.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?a+? from ?a? and affirmed the Financial Strength Rating of A and the Mexico National Scale Rating of ?aaa.MX? of Dentegra Seguros Dentales, S.A.. The outlook of the Long-Term ICR have been revised to stable from positive, while the outlook of the FSR and NSR is stable.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Zhongyuan Agricultural Insurance Co., Ltd.. The outlook of 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 Bosna Reosiguranje d.d. Sarajevo. The ratings reflect Bosna Re?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.
AM Best has affirmed the Financial Strength Rating of B- and the Long-Term Issuer Credit Rating of ?bb-? of Suez Canal Insurance. The ratings reflect SCI?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
?. SEGRO plc (SEGXF) has arranged a US private placement of ?225 million 15 and 20 year senior unsecured notes with a group of institutional investors. The issue consists of two tranches, both of which will be drawn down in September 2022: This translates to a weighted average coupon of 4.08 per cent and a weighted average maturity of 18.9 years.
Regulatory News: SEGRO plc has arranged a US private placement of ?225 million 15 and 20 year senior unsecured notes with a group of institutional investors. The issue consists of two tranches, both of which will be drawn down in September 2022: This translates to a weighted average coupon of 4.08 per cent and a weighted average maturity of 18.9 years.
The fifth China International Import Expo will take place from November 5-10 this year. This press release features multimedia. Buoyed by its opening-up policy, continuous optimization of the business environment and strong economic resilience, China will remain a hot investment destination in the years to come, said global experts at the World Economic Forum 2022 in Davos, Switzerland.
AM Best has removed from under review with developing implications and downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb-? of Triple-S Blue.
On June 21, 2022, KBRA assigned a long-term rating of AA with a Stable Outlook to The Metropolitan Government of Nashville and Davidson County, TN Water and Sewer System?s WIFIA Loan for Process Advancements at Omohundro and K.R. Harrington Water Treatment Plants Project. Click here to view the report.
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 Oregon Dental Services.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company and AZGUARD Insurance Company, which operate under an intercompany pooling agreement.
Merit E. Janow, Dean Emerita, School of International and Public Affairs, and Professor of Practice, International Economic Law and International Affairs, Columbia University, will be the new Chair of the Board of Japan Society. ?I am truly honored to serve as Chair of the Board at Japan Society,? says Janow.
To encourage inclusive, resilient, and sustainable global economic growth through empowering women, the B20 Indonesia Women in Business Action Council held a forum on the theme of Accelerating Inclusion of Women MSMEs in The Global Economy on June 17, 2022. This press release features multimedia.
Enviva Inc. (EVA) today announced that the Industrial Development Authority of Sumter County, Alabama, intends to issue its Exempt Facilities Revenue Bonds, Series 2022 in the aggregate principal amount of $250,000,0001.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2022-K146 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-146. The underlying transaction is collateralized by 43 fixed-rate multifamily mortgage loans. Click here to view the report.
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 The Hanover Insurance Group, Inc. (THG) [NYSE: THG], which are collectively referred to as The Hanover.
$100K Small Business Boost Loan Filled Financing Gap for McKinney Restaurant. A Small Business Boost loan from Lamar National Bank and the Federal Home Loan Bank of Dallas helped fund the opening of the first Capriotti?s sandwich shop in McKinney, Texas. This press release features multimedia.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Multinational Insurance Company. The ratings reflect Multinational?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
DBRS Morningstar has assigned BlueShore Financial Credit Union a rating of a Long-Term Issuer Rating of BBB and a Short-Term Issuer Rating of R-1. The rating reflects BlueShore Financial?s strong franchise position, asset quality, risk profile and prudent levels of liquidity and capital.
The global cryptocurrency exchange KuCoin today announced that it has become the first major exchange to support Brazilian Real deposits and withdrawals following a recent policy change made by the Central Bank of Brazil. This press release features multimedia.
On June 16, 2022, KBRA assigned a long-term rating of AAA with a Stable Outlook to the State of Wisconsin?s General Obligation Floating Rate Notes of 2022, Series A. Concurrently, KBRA affirmed the long-term AAA rating with a Stable Outlook on $7.0 billion of outstanding General Obligation bonds; the short-term K1+ rating on the G.O. Commercial Paper Program and G.O. Extendible Municipal Commer...
KBRA affirms all of its outstanding ratings for FREMF 2019-K94, a $1.3 billion CMBS multi-borrower transaction. As of the May 2022 remittance period, there are no delinquent, specially serviced, or loans which have been identified as K-LOCs; however, seven loans appear on the master servicer?s watchlist.
Entegris (ENTG), Inc. today announced that its wholly-owned subsidiary, Entegris Escrow Corporation priced its previously announced private offering of $895,000,000 aggregate principal amount of 5.950% senior unsecured notes due 2030 at a price of $908.32 per $1,000 principal amount.
AM Best has assigned a Long-Term Issuer Credit Rating of ?aa-? to Sammons Financial Group Global Funding. SFG Global Funding is a new statutory trust organized in Delaware created to issue senior secured medium-term notes collateralized by funding agreements issued to it by Midland National Life Insurance Company, an Iowa-domiciled life insurance company that is part of Sammons Financial Group.
In this episode of AM BestTV, Ann Modica, associate director, credit rating criteria, industry research and analytics, AM Best, discusses the Federal Reserve?s latest move to combat inflation with its largest interest rate since 1994.
AM Best has downgraded the Financial Strength Rating to B+ from A- and the Long-Term Issuer Credit Rating to ?bbb-? from ?a-? 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, 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 Mitsui Sumitomo Insurance Company, Limited. AM Best also has affirmed the FSR of A+ and the Long-Term ICR of ?aa? of Aioi Nissay Dowa Insurance Company Limited. In addition, AM Best has affirmed the FSR of A- and the Long-Term ICR of ?a-? of Aioi Nissay Dowa Insurance Company Limited.
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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