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.
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 Allianz M?xico, S.A., Compa??a de Seguros.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Allianz SE and its rated subsidiaries. The ratings reflect Allianz?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable 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 Allianz Global Corporate & Specialty Resseguros Brasil S.A.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb? of American Health and Life Insurance Company and Triton Insurance Company. The ratings of AHLIC reflect its balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Dynamic Fixed Income ETF Incorporates Global Trends with Quantitative Strategy Cambria Investment Management, an independent, privately owned investment advisory firm and ETF provider focused on quantitative asset management and alternative investments, today announced that the Cambria Fixed Income Trend ETF has begun trading on the CBOE BZX Exchange.
Regulatory News: Tikehau Capital announces today the launch of a tender offer on its existing ?500,000,000 2.25% bonds issued on 14 October 2019 and maturing on 14 October 2026. In parallel, the Company announces its intention to issue Euro denominated fixed rate bonds, subject to market 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 Black Gold Re Limited. The Credit Ratings reflect BGRe?s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
27-unit Noel Place will set aside affordable apartments for special-needs residents. The Federal Home Loan Bank of Dallas and BankPlus were joined by Gulf Coast Housing Partnership, Midtown Partners Inc. and local leaders to celebrate the opening of Noel Place, a new affordable housing development in Jackson, Mississippi. This press release features multimedia.
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb? of Revol One Insurance Company.
FICO?s latest research highlights the need for financial institutions to effectively communicate security measures for wider adoption of RTP An international survey on the uptake, trust, and future of real-time payments from global analytics software leader FICO highlights the need for UK banks to focus on building confidence in the security of the payment method.
KBRA assigns a short-term rating of K1+ to the Triborough Bridge and Tunnel Authority Payroll Mobility Tax Bond Anticipation Notes, Subseries 2025B-1 and a long-term rating of AA+ with a Stable Outlook to the TBTA PMT Bond Anticipation Notes, Subseries 2025B-2.
FGH Parent, L.P., a leading global reinsurance company, today announced that Fortitude Group Holdings, LLC, a wholly owned subsidiary of FGH Parent, L.P., has priced a private offering of $750 million aggregate principal amount of 6.25% senior unsecured notes due 2030.
VICI Properties Inc. (VICI) announced today that its subsidiary, VICI Properties L.P., has priced a public offering of $1.3 billion in aggregate principal amount of senior unsecured notes consisting of: Interest on the 2028 Notes and the 2035 Notes is payable in cash in arrears on April 1 and October 1 of each year, beginning on October 1, 2025.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb-? to the $500 million 6.7% junior subordinated notes, due 2055, issued by Equitable Holdings, Inc. on March 26, 2025. The net proceeds from Equitable Holdings, Inc.?s recent debt issuance are expected to be used to repurchase in whole or part the Series B Depositary preferred shares and for general corporate purposes.
MALAKOFF, France---- Regulatory News: This press release must not be published, distributed, or disseminated, directly or indirectly, in the United Kingdom, the United States of America, Australia, Canada, or Japan.
KBRA has assigned its BBB rating to Easterly Government Properties LP?s recent private placement of $25 million 6.13% series A senior unsecured notes due March 20, 2030, and $100 million 6.33% series B senior unsecured notes due March 20, 2032. To access ratings and relevant documents, click here.
CTBC Bank and the Los Angeles County Economic Development Corporation have announced that Federal Home Loan Bank of San Francisco is matching CTBC?s own $300,000 donation with a $50,000 matching donation for fire relief response in the Los Angeles area.
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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