AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating to ?bbb-? from ?bbb? of American Sentinel Insurance Company. The ratings reflect American Sentinel?s balance sheet strength, which AM Best categorizes as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Highlands Holdings Bond Issuer, Ltd., a Bermuda exempted company and Highlands Holdings Bond Co-Issuer, Inc., a Delaware corporation and direct, wholly owned subsidiary of the Bermuda Issuer announced today that they priced $500 million aggregate principal amount of 7.625% / 8.375% Senior Secured PIK Toggle Notes due 2025 at an issue price of 100.000% in an offering.
Guzman & Company, a Coral Gables-based investment bank and brokerage firm, is honored to participate in the Secondary Market Corporate Credit Facility, a program enacted by the Federal Reserve Bank of New York to provide liquidity for the corporate bond market.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of BF&M Life Insurance Company Limited, BF&M General Insurance Company Limited and Island Heritage Insurance Company, Ltd.. AM Best also has affirmed the Long-Term ICR of ?bbb? of the parent company, BF&M Limited.
AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a+? and the Mexico National Scale Rating of ?aaa.MX? of Seguros Inbursa, S.A. Grupo Financiero Inbursa . 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 Union Insurance Company P.J.S.C.. The outlook of these Credit Ratings is stable. The ratings reflect Union?s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. Dream Industrial REIT announced today that it has been assigned an Issuer Rating of BBB with Stable Trend by DBRS Limited.
Third-Quarter GAAP Net Income Attributable to Common Stock of $169 Million, or $0.45 Per Diluted Share; Third-Quarter ?Core Earnings? Attributable to Common Stock of $179 Million, or $0.47 Per Diluted Share Initiated Restructuring Program Focused on Improving Operational Efficiencies; Recorded a $24 Million Restructuring Charge; Significant Efficiencies Expected to be Realized in 2021 and Beyon...
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 ?bb? of Weston Insurance Company. The ratings reflect Weston?s balance sheet strength, which AM Best categorizes as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
Kroll Bond Rating Agency assigns a long-term rating of AA with a Negative Outlook to the Metropolitan Transportation Authority Transportation Revenue Refunding Green Bonds, Series 2020E. Concurrently, KBRA affirms the long-term rating of AA with a Negative Outlook on the MTA?s outstanding Transportation Revenue Bonds. Click here to view the report.
In this episode of AMBestTV, Fred Eslami, associate director, and Ann Modica, associate director, economic and industry research, AM Best, said title insurers and the housing market have been resilient during the pandemic. U.S. title insurance industry results correlate highly with the U.S. housing market. ?In April, housing starts fell 30% from March and 20% from the year before.
AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a+? and the Mexico National Scale Rating of ?aaa.MX? of MAPFRE M?xico, S.A. . The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a+? and the Mexico National Scale Rating of ?aaa.MX? of MAPFRE Fianzas, S.A. . The outlook of these Credit Ratings is stable.
W20 Communiqu? provides recommendations to expedite economic recovery through the empowerment of women Women 20, the women?s engagement group to the G20, challenged G20 leaders to live up to their promises of the past and make women?s economic equality a reality. This press release features multimedia.
Kroll Bond Rating Agency announces the assignment of preliminary ratings to 11 classes of GS Mortgage Securities Corporation Trust 2020-TWN3, a CMBS single-borrower securitization. The collateral for the transaction consists of a $265.0 million non-recourse, first lien, floating-rate mortgage loan that is secured by the borrowers? fee simple interests in 58 hotels totaling 7,140 keys.
Ingevity Corporation (NGVT) announced today the pricing of its previously announced offering of 8-year senior unsecured notes in an aggregate principal amount of $550 million. If the offering is consummated, the company intends to use the proceeds of the offering for the redemption, refinancing or repayment of existing indebtedness.
Real-Time Deep Learning platform now integrated with AWS Security Hub for comprehensive Cloud Network Detection and Response Blue Hexagon, innovator of Cyber AI You Can Trust? today announced its integration with AWS Security Hub to deliver a deep-learning Cloud Network Detection and Response solution on Amazon Web Services.
Highlands Holdings Bond Issuer, Ltd., a Bermuda exempted company and Highlands Holdings Bond Co-Issuer, Inc., a Delaware corporation and direct, wholly owned subsidiary of the Bermuda Issuer are proposing to issue and sell $500 million aggregate principal amount of Senior Secured PIK Toggle Notes due 2025 in an offering that will be exempt from the registration requirements of the Securities Ac...
Ingevity Corporation (NGVT) announced today that it is commencing a private offering of $550.0 million in aggregate principal amount of senior unsecured notes in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended, subject to market and other conditions.
Home prices across the United States continued to climb in September, rising 7.8 percent in the twelve months since October 2019, according to Radian Home Price Index data released today by Red Bell Real Estate, LLC, a Radian Group Inc. (RDN) company.
Ross Stores, Inc. (ROST) today announced the pricing of a public offering of $500 million aggregate principal amount of senior notes due 2026 and $500 million aggregate principal amount of senior notes due 2031.
Ms. Julia Coronado, former Federal Reserve economist and Ms. Joy Palmer, former deputy chief accountant of the Office of the Comptroller of the Currency, to join the Board. Dynex Capital, Inc. (DX/PB) announced today the appointment of Ms. Julia Coronado and Ms. Joy Palmer to the Company?s Board of Directors effective October 27, 2020.
Released today, the September 2020 LegalShield Law Index?, a suite of leading indicators of the economic and financial status of U.S. households and small business, saw its two main real estate indices remain at or near record levels during the month, suggesting a sustained rebound in homebuilding and continued strong home sales activity over the next three to six months.
The Providence Service Corporation (PRSC), today announced a private placement offering of $500 million in aggregate principal amount of newly issued senior notes maturing in 2025.
?. Santander UK PLC. Series 68 GBP 1,000,000,000.00. Floating Rate Covered Bonds due 13 April 2021. Under EUR 35 billion Global Covered Bond Programme. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 671,423.56. POOL FACTOR.
The global returnable packaging market size is poised to grow by USD 3.12 billion during 2020-2024, progressing at a CAGR of almost 8% throughout the forecast period, according to the latest report by Technavio. This press release features multimedia. The global returnable packaging market is driven by the globalization and international trade.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) announced today the successful sale of $75 million Remarketable Variable Rate MuniFund Term Preferred Shares between two ?qualified institutional buyers? as defined in Rule 144A under the Securities Act of 1933, as amended, pursuant to an offering exempt from registration under the Securities Act.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of RiverSource Life Insurance Company and its wholly owned subsidiary, RiverSource Life Insurance Co. of New York.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a? of Zavarovalnica Triglav d.d., the operating holding company of the Triglav group, and Pozavarovalnica Triglav Re, d.d. Ljubljana, a wholly owned subsidiary of Triglav.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of ZEP-RE. The ratings reflect ZEP-RE?s balance sheet strength, which AM Best categorises as very strong, as well as its strong operating performance, neutral business profile and marginal enterprise risk management.
AM Best has removed from under review with negative implications and affirmed the Long-Term Issuer Credit Rating of ?bbb-? and the Long-Term Issue Credit Ratings of Hallmark Financial Services, Inc. (HALL) [NASDAQ: HALL]. Concurrently, AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- and the Long-Term ICRs of ?a-? of the members of Hallm...
AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a+? and the Mexico National Scale Rating of ?aaa.MX? of HDI Global Seguros, S.A. . The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of HDI Haftpflichtverband der Deutschen Industrie V.a.G. and a number of its insurance subsidiaries.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Harrington Re Ltd.. AM Best also has affirmed the Long-Term ICR of ?bbb-? of Harrington Reinsurance Holdings Limited.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Saudi Arabian Insurance Company B.S.C.. The outlook of the Long-Term ICR has been revised to stable from negative, whilst the outlook of the FSR is stable.
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 Petrolimex Insurance Corporation.
Remote Online Notarization, E-Signatures and other options help support loan servicers Wolters Kluwer?s Compliance Solutions business will present a webinar, ?Understand Your Options: Electronic Signatures and Remote Online Notarization? with representatives from Fannie Mae and Freddie Mac to educate loan servicers on key Fannie Mae and Freddie Mac requirements and considerations for electronic...
Kroll Bond Rating Agency releases research on nationwide sales tax collection trends and municipal sales tax revenue bonds. The COVID-19 pandemic has adversely affected economically sensitive state and local revenue sources. Click here to view the report.
The New Home Company Inc. (NWHM) today announced that it has priced a private offering of $250.0 million in aggregate principal amount of 7.25% senior notes due 2025. The Company intends to use the net proceeds from this offering, together with cash on hand, to fund the redemption of all of the Company?s outstanding 7.25% senior unsecured notes due 2022 and pay related fees and expenses.
A new national survey reveals 86 percent of Americans are confident in their cleaning products to help protect against coronavirus. This press release features multimedia. The survey, conducted in September 2020, was designed to tap consumer perceptions and actions around cleaning and disinfecting practices as it relates to the pandemic.
Regulatory News: NOXXON Pharma N.V. , a biotechnology company focused on improving cancer treatments by targeting the tumor microenvironment, announced today the amendment of its flexible convertible bond agreement with Atlas Special Opportunities, LLC, which was disclosed on April 23, 2020, in order to expand its capacity and improve the conversion conditions.
HomeStreet, Inc. (HMST) or, the parent company of HomeStreet Bank, today announced that pursuant to an agreement with Fannie Mae that became effective on September 30, 2020, the Company will reorganize its Fannie Mae Delegated Underwriting and Servicing business.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Compagnie Centrale de R?assurance. The ratings reflect CCR?s balance sheet strength, which AM Best categorises as very strong, as well as the company?s strong operating performance, neutral business profile and marginal enterprise risk management.
On October 12, 2020, Kroll Bond Rating Agency assigned a long-term rating of AA+ and a Positive Outlook to the State of Wisconsin General Obligation Refunding Bonds of 2021, Series 2 and General Obligation Bonds of 2020, Series B. KBRA additionally affirmed the long-term rating of AA+ and Positive Outlook on the State?s outstanding General Obligation Bonds and long-term rating of AA and Positiv...
Invites Industry Stakeholders to Join the FedNow Community, Express Their Interest in Pilot Participation The Federal Reserve Banks today announced and invited expressions of interest in a pilot program for their upcoming instant payments offering, the FedNow Service.
Firm?s portfolio managers to offer latest insights on municipal bond and broader fixed income markets and provide updates on Putnam closed-end funds Putnam Investments announced today that it will hold a webcast on Wednesday, October 21st at 1:30 p.m. ET for Putnam Municipal Opportunities Trust (PMO) and Putnam Managed Municipal Income Trust.
With less than a year and a half to go before the London Interbank Offered Rate will no longer be available, several areas of concern remain, according to a new AM Best commentary.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? for the members of Government Employees Group. The ratings of GEICO reflect the group?s balance sheet strength, which AM Best categorizes as strongest, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Standard Insurance Company and its affiliate, The Standard Life Insurance Company of New York, together referred to as the Standard Insurance Group. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICR of ?a? of Pacific Guardian Life 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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