Pacific Premier Bancorp, Inc. (PPBI) announced today that Kroll Bond Rating Agency, LLC, a Nationally Recognized Statistical Rating Organization registered with the U.S. Securities and Exchange Commission, recently affirmed the Company?s senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0400 per share of common stock, payable on July 3, 2023 to shareholders of record at the close of business on June 20, 2023. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
KBRA assigns a long-term rating of AA- to the City of Lansing, Michigan Capital Improvement and Refunding Bonds, Series 2023B. Key Credit Considerations The rating reflects the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
Certain BlackRock closed-end funds announced distributions today as detailed below. BlackRock Floating Rate Income Trust (BGT), BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) and BlackRock Debt Strategies Fund, Inc. (DSU) announced increases to their monthly distributions, and BlackRock Taxable Municipal Bond Trust (BBN) announced a decrease to its monthly distribution.
New Assignments Reflect Conning?s Deep Talent Bench and Commitment to Developing and Advancing Existing Leadership Global investment management firm Conning today announced that Matt Daly, currently head of the corporate and municipal bond teams at the firm, will become Head of Conning North America effective September 30, 2023.
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.
Includes access to ICE?s Liquidity Indicators? and Best Execution services Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today announced that its streaming Continuous Evaluated Pricing for fixed income securities will now be available on the Investortool?s Dealer Network in Perform, offering institutional investors and private wealth ...
United States Steel Corporation (X) today announced the closing of $240 million unsecured Arkansas Development Finance Authority environmental improvement revenue bonds, which carry a green bond designation. The Green Bonds, issued through Arkansas Development Finance Authority, have a coupon rate of 5.70% and carry a final maturity of 2053.
On May 16, 2023, KBRA assigned a long-term rating of AA+ with a Stable Outlook to The City of New York?s General Obligation Bonds, Fiscal 2023 Series F, Fiscal 2023 Series G and Fiscal 2023 Series 1. Concurrently, KBRA affirms the AA+ rating and Stable Outlook on the City?s outstanding General Obligation Bonds. To access ratings and relevant documents, click here. Click here to view the report.
On May 15, 2023, KBRA assigned a long-term rating of AA+ to the City of Pflugerville, Texas Combination Tax and Limited Revenue Certificates of Obligation, Series 2023. To access ratings and relevant documents, click here. Click here to view the report.
On May 11, 2023, KBRA assigned a AA+ rating, with a Stable Outlook to the State of Wisconsin?s Master Lease Certificates of Participation of 2023, Series A and a K1+ to the State?s General Obligation Extendible Municipal Commercial Paper Program Notes. To access ratings and relevant documents, click here. Click here to view the report.
AM Best has affirmed the Performance Assessment of PA-3 of First Indemnity Insurance Agency, Inc.. The outlook of the assessment is stable. The assessment reflects First Indemnity?s strong underwriting capabilities, strong governance and internal controls, strong financial condition, strong organizational talent and strong depth and breadth of relationships.
HAMILTON, Bermuda---- Assured Guaranty Ltd. (AGO) announced today its financial results for the three-month period ended March 31, 2023. ?Assured Guaranty?s diversified financial guaranty strategy led to impressive new business production in the first quarter of 2023,? said Dominic Frederico, President and CEO.
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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