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 stable. The ratings reflect Acerta?s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has revised the outlook 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 Life Insurance Company of Alabama.
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida Farm Bureau General Insurance Company, collectively referred to as Florida Farm Bureau Group.
The Seam, a leading provider of food and agribusiness software and commodity trading solutions, today announced that its Chairman and CEO Mark Pryor has been appointed to the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis. The St. Louis Fed established its District Industry Councils in 2006 to gather insights on economic conditions across key industry sectors.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of ?a-? of Sagicor Life Inc. and Sagicor General Insurance Inc., Sagicor Life Insurance Company and ivari.
Grant Fuels DC CAP?s Goal to Achieve an 80% College Graduation Rate for D.C. Students by 2050 The Sallie Mae Fund today announced a $50,000 grant to the DC College Access Program to support its annual College Signing Day celebration and its broader mission to increase higher education access and completion rates for students across the District.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of National Indemnity Company and its affiliates. The ratings reflect National Indemnity?s balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, very favorable business profile and appropriate enterprise risk management.
Phillips 66 today responded to a letter released by Gregory J. Goff to Phillips 66 Shareholders. ?Gregory Goff is clearly affiliated with Elliott Management. About Phillips 66 Phillips 66 is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy.
?. 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 15,906,301.37. 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 21,929,753.42. POOL FACTOR.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the key U.S. life/health subsidiaries and Europe-based insurance companies of The Cigna Group [NYSE: CI]. In addition, AM Best has affirmed the Long-Term ICR of ?bbb+? and the Long-Term Issue Credit Ratings of Cigna.
Paychex, Inc. (PAYX) today announced the pricing of a public offering of $4.2 billion aggregate principal amount of senior notes, consisting of $1.5 billion aggregate principal amount of 5.100% notes due 2030, $1.5 billion aggregate principal amount of 5.350% notes due 2032, and $1.2 billion aggregate principal amount of 5.600% notes due 2035.
TriplePoint Venture Growth BDC Corp. (TPVG), a leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced that DBRS, Inc. has confirmed the Company?s investment grade Long-Term Issuer Rating and Long-Term Senior Debt Rating of BBB.
Third Consecutive Upgrade Reflects Strong Financial Position, Growth Strategy, and Clinical Excellence The Prime Healthcare Foundation, one of the nation?s largest nonprofit health systems, has received a credit rating upgrade from Fitch Ratings to A- from BBB+ for both its Issuer Default Rating and Revenue Bond Credit, with a Stable Outlook.
Webcast Scheduled for Thursday, April 24, at 5:30 p.m. ET Sallie Mae?, formally SLM Corporation (SLM), will release first-quarter 2025 financial results after market close on Thursday, April 24, 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.
VICI Properties Inc. (VICI) announced today that its subsidiary, VICI Properties L.P., has completed its public offering of $1.3 billion in aggregate principal amount of senior unsecured notes consisting of: The Issuer intends to use the net proceeds from the offering to repay its outstanding $500.0 million in aggregate principal amount of 4.375% senior notes due 2025, $799.4 million in aggregate prin...
Regulatory News: Tikehau Capital announces the successful placement of a new bond issue for a total amount of ?500 million due April 2031. The strong investor demand, with an oversubscription of 2.8 times, reflects the Company?s solid credit profile and investor confidence in a challenging market environment.
KBRA assigns a long-term rating of AA+ to the City of New York, NY Tax-Exempt General Obligation Bonds, Fiscal 2025 Series G Subseries G-1; Taxable General Obligation Bonds, Fiscal 2025 Series H; and Tax-Exempt General Obligation Bonds Fiscal 2012 Series D, Subseries D-3A. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives.
The Federal Home Loan Bank of Dallas is excited to announce its 2025 Community Area Revitalization Efforts Award recipient. This press release features multimedia. Each year, FHLB Dallas recognizes a member or members that support affordable housing and other community investment programs using FHLB Dallas grants and advances.
KBRA releases the March 2025 issue of CMBS Trend Watch. Amid prevailing economic and political uncertainty, U.S. CMBS private label issuance exhibited continued strength. In March, KBRA published pre-sales for eight deals including five conduits, two SBs, and one Freddie Mac. This month?s edition also highlights recent KBRA research publications that cover various topical issues.
Use of proceeds to be split between capital expenditure to fund two ongoing projects on the Geoquip Silvretta and the Geoquip Elena vessels; general corporate purposes and repayment of existing debt Geoquip Marine, a global leader in offshore geotechnical solutions and a Njord Partners portfolio company, is pleased to announce today it has successfully closed a ?100million bond offering.
KBRA assigns a long-term rating of AAA to the Los Angeles Unified School District: Election of 2024, General Obligation Bonds, US Series A; Election of 2024, General Obligation Bonds, US Series B Federally Taxable; and, 2025 General Obligation Refunding Bonds, Series A. KBRA additionally affirms the long-term rating of AAA for the District's outstanding General Obligation Bonds.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of the members of The Progressive Corporation [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of ?a? of Progressive, the parent holding company, and all of the Long-Term Issue Credit Ratings of Progressive?s senior unsecured issuances.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Sun Life Assurance Company of Canada and Sun Life and Health Insurance Company. Additionally, AM Best has affirmed the FSR of A and the Long-Term ICR of ?a? of Independence Life and Annuity Company, a strategic subsidiary of SLF.
New offering builds on the S&P Global Market Intelligence Parity Platform to deliver enhanced insights and pre-sale investor outreach capabilities to municipal finance teams. BondLink, the leading cloud-based investor relations and debt management platform for the municipal bond market, is excited to announce the launch of Parity Plus in collaboration with S&P Global Market Intelligence.
WTMU and WTMY utilize a time-tested bond investment strategy to leverage the diverse opportunities in the municipal bond market WisdomTree, Inc. (WT), a global financial innovator, today announced the launch of the WisdomTree Core Laddered Municipal Fund and WisdomTree High Income Laddered Municipal Fund on the Nasdaq, with expense ratios of 0.25% and 0.35%, respectively.
?. City Of Goteborg. SEK 650,000,000.00 MTN. Floating Rate Green Bonds due 2028. Series GB25 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. SEK 4,620,272.22. POOL FACTOR. View source version on businesswire.com: https://www.businesswire.com/news/home/20250402033181/en/ Source: Deutsche Bank AG.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on May 1, 2025 to shareholders of record at the close of business on April 16, 2025. 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 State of Connecticut: General Obligation Bonds; General Obligation Refunding Bonds; and, Taxable General Obligation Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Compagnie Commune de R?assurance des Etats Membres de la CIMA. The ratings reflect CICA-RE?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and marginal 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 FAIR Oil & Energy Insurance Syndicate. The ratings reflect the Syndicate?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.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued CAD 300 million, 4.645% senior unsecured medium-term notes, due 2060, issued by Intact Financial Corporation. The Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of IFC?s operating subsidiaries and all other ratings of its outstanding issuances remain unchanged.
Travel Sector Shows Seasonal Strength While Overall Economy Exhibits Softening Trends Zeta Global (ZETA), Zeta Global (ZETA), the AI Marketing Cloud, today released the Zeta Economic Index for March 2025. The March report indicates a growing decline in consumer sentiment, but spending patterns suggest that economic activity remains steady.
Redwire Corporation (RDW), a leader in space infrastructure for the next-generation space economy, today announced that Mike Gold has been appointed President of Civil and International Space business. This key appointment emphasizes the company?s focus on scaling global growth and accessing additional international market sectors.
KBRA assigns a long-term rating of A+ with a Stable Outlook to the Allegheny County Airport Authority, PA Airport Revenue Bonds, Series 2025A and Airport Revenue Bonds, Series 2025B, and affirms the A+ rating and Stable Outlook on outstanding Airport Revenue Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives.
The following Eaton Vance closed-end funds announced distributions today as detailed below. ?. Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price ? 3/31/25 Distribution Rate at Market Price Eaton Vance California Municipal Bond Fund. EVM. $0.0417. - $9.27. 5.40% Eaton Vance Municipal Bond Fund. EIM.
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 and The Penn Insurance and Annuity Company of New York.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of the Joint-Stock Company Subsidiary of Halyk Bank of Kazakhstan Halyk Insurance Company.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced its monthly dividend distribution of $0.06 per common share for the month of April 2025. Portfolio and municipal market commentary will be published on or around April 1, 2025 and can be retrieved here.
Hourly earnings growth for workers remained flat at 2.91% The Paychex Small Business Employment Watch, which includes the Paychex Small Business Jobs Index as a measure of employment growth among U.S. businesses with fewer than 50 employees, showed job growth continued at levels seen over the last several quarters at 99.75 in March. This press release features multimedia.
AI Investments to Fuel Economic Growth, Boosting Global Productivity and Innovation IDC, the global leader in trusted technology intelligence, has today released a comprehensive analysis highlighting the profound economic impact of artificial intelligence on the global economy, at its IDC Directions event ? which focuses on the pivotal role AI plays in today's business landscape.
Liska to Help Drive Go-Forward Financial and Operational Strategy Elects to Enter Grace Period for Interest Payment Due on 11.75% Senior Unsecured Notes Due 2028 Retains Experienced Advisor Team to Support Ongoing Capital Structure Discussions with Key Financial Partners HOUSTON---- Sunnova Energy International Inc. (NOVA), an industry-leading adaptive energy services company, today announced a series...
KBRA assigns a long-term rating of AA+ to the City of Pflugerville, TX Combination Tax and Limited Revenue Certificates of Obligation, Series 2025 and Limited Tax Bonds, Series 2025. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
AM Best has commented that the Long-Term Issue Credit Rating of ?bbb? on the $1.25 billion 5.375% senior unsecured notes, due 2031, originally issued on March 13, 2024, by Humana Inc. [NYSE: HUM] remains unchanged despite the additional notes being added as part of the same series.
KBRA releases research analyzing recent vintage loans in commercial real estate collateralized loan obligations. CRE CLO issuance reached $8.4 billion year-to-date through Q1 2025?nearly matching the total volume for all of last year.
BlackRock Advisors, LLC announced today the launch of BlackRock Municipal Credit Alpha Portfolio, Inc., expanding its suite of interval funds providing alternative investment solutions for retail wealth clients. The Fund seeks to provide attractive after-tax total return, through income and capital appreciation, by investing in municipal securities.
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. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
Funds Will Support Education and Legal Issues. The Federal Home Loan Bank of Dallas awarded a $100,000 Heirs? Property Program grant to Project Build a Future in a ceremonial check presentation yesterday. This press release features multimedia.
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 Lone Peak Insurance Company. The Credit Ratings reflect Lone Peak?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.
KBRA assigns ratings of BBB to Stone Point Credit Corporation's $60 million, 6.03% senior unsecured notes due 2028 and its $240 million, 6.26% senior unsecured notes due 2030.
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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