NRSRO | Jotup

Eagle Point Income Company Inc. Announces Offering of Preferred Stock

Retrieved on:

Mercoledì, Luglio 19, 2023

Banking, Asset Management, Professional Services, Finance, NRSRO, Fifth Avenue, Egan-Jones Ratings Company, EICA, EDGAR, Sale, Prospectus, Preferred stock, 4th floor, Security (finance), EIC, NYSE

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA) today announced that it has commenced an underwritten public offering of its Series B Term Preferred Stock (the “Preferred Stock”).

Key Points:

Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA) today announced that it has commenced an underwritten public offering of its Series B Term Preferred Stock (the “Preferred Stock”).
The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters.
The Preferred Stock is rated ‘BBB’ by Egan-Jones Ratings Company, an independent rating agency.
In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions to cover overallotments, if any.

Best’s Special Report: Best’s Impairment Rate and Rating Transition Study — 1977 to 2022

Retrieved on:

Venerdì, Maggio 12, 2023

Insurance, Professional Services, Zeta, Net, NRSRO, Nationally recognized statistical rating organization, AM Best, ICR, ALL, Delta, Risk, FSR, AM, Data, Credit, News, Impairment rating, ICRS

The Best’s Special Report, titled, “Best’s Impairment Rate and Rating Transition Study — 1977 to 2022,” marks AM Best’s 20th study and is aimed at estimating the risk of impairment of U.S. insurers.

Key Points:

The Best’s Special Report, titled, “Best’s Impairment Rate and Rating Transition Study — 1977 to 2022,” marks AM Best’s 20th study and is aimed at estimating the risk of impairment of U.S. insurers.
The analysis covers 45 one-year periods from Dec. 31, 1977, to Dec. 31, 2022, and includes U.S. insurers that had at least one Financial Strength Rating (FSR) or one corresponding Long-Term Issuer Credit Rating (ICR) during the study period.
One company, domiciled in Florida, became impaired due to hurricane-related losses and high claims litigation and suspected roof replacement fraud.
Categories of impairment discussed in the report include:
Gross impairments, which encompass the broadest definition of impairment and include companies that AM Best has ceased rating by the time of impairment.

DBRS Morningstar: 2023 Sovereign Outlook: Policies Matter

Retrieved on:

Mercoledì, Febbraio 8, 2023

Recent data are more reassuring, but the full impact of monetary tightening is not yet felt and policies matter.

Key Points:

Recent data are more reassuring, but the full impact of monetary tightening is not yet felt and policies matter.
The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc.
© 2023 DBRS Morningstar.
The information upon which DBRS Morningstar credit ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.
ALL DBRS MORNINGSTAR CREDIT RATINGS AND OTHER TYPES OF CREDIT OPINIONS ARE SUBJECT TO DEFINITIONS, LIMITATIONS, POLICIES AND METHODOLOGIES THAT ARE AVAILABLE ON https://www.dbrsmorningstar.com .

DBRS Morningstar: "City's Going Down with a Billion in the Bank": Could a Harsh Manchester City Penalty Benefit the Football Industry?

Retrieved on:

Mercoledì, Febbraio 8, 2023

DBRS Morningstar credit ratings, and other types of credit opinions and reports, are no intended for Australian residents or entities.

Key Points:

DBRS Morningstar credit ratings, and other types of credit opinions and reports, are no intended for Australian residents or entities.
The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc.
© 2023 DBRS Morningstar.
The information upon which DBRS Morningstar credit ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.
This publication may not be reproduced, retransmitted or distributed in any form without the prior written consent of DBRS Morningstar.

Relm Insurance Announces Fronting Partnership with Trisura Specialty Insurance Company

Retrieved on:

Lunedì, Gennaio 30, 2023

Professional Services, Insurance, Finance, D, D&O, Bermuda Monetary Authority, Nationally recognized statistical rating organization, Crime, AM, Artificial intelligence, AM Best, Bermuda, VP Bank, Partnership, NRSRO, Cyber, Name, Relm

Specialty insurer Relm Insurance Ltd. (“Relm”) today announces an expansion of its strategic fronting partnership with Trisura Specialty Insurance Company (“Trisura”), enabling the Bermuda-domiciled carrier to provide capacity in support of AM-Best rated paper for U.S. digital asset risks.

Key Points:

Specialty insurer Relm Insurance Ltd. (“Relm”) today announces an expansion of its strategic fronting partnership with Trisura Specialty Insurance Company (“Trisura”), enabling the Bermuda-domiciled carrier to provide capacity in support of AM-Best rated paper for U.S. digital asset risks.
Trisura, rated A- by AM Best, is a leading international specialty insurance provider operating in the surety, risk solutions, corporate insurance, fronting and reinsurance segments of the market.
Launched in 2019 to address the scarcity of insurance capacity available to emerging industries, Relm is a market-leading provider of insurance solutions to the global digital asset space.
“We’re excited to expand our partnership with Relm,” said Michael Beasley, President and CEO of Trisura.

DBRS Morningstar: 2023 Sports Finance Outlook: Par for the Course with Some Hazards Along the Way

Retrieved on:

Giovedì, Gennaio 26, 2023

DBRS Morningstar credit ratings, and other types of credit opinions and reports, are no intended for Australian residents or entities.

Key Points:

DBRS Morningstar credit ratings, and other types of credit opinions and reports, are no intended for Australian residents or entities.
The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc.
© 2023 DBRS Morningstar.
The information upon which DBRS Morningstar credit ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.
This publication may not be reproduced, retransmitted or distributed in any form without the prior written consent of DBRS Morningstar.

DBRS Morningstar: Italian Banks: Moderate Refinancing Risks As TLTRO Funds Begin To Mature

Retrieved on:

Mercoledì, Gennaio 18, 2023

The commentary analyses the potential refinancing risks for Italian banks as they reimburse the European Central Bank (ECB)’s targeted longer-term refinancing operations (TLTRO) funds.

Key Points:

The commentary analyses the potential refinancing risks for Italian banks as they reimburse the European Central Bank (ECB)’s targeted longer-term refinancing operations (TLTRO) funds.
We expect funding and liquidity indicators to gradually deteriorate as Italian banks reimburse the TLTRO III funds.
The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc. © 2023 DBRS Morningstar.
The information upon which DBRS Morningstar ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.

DBRS Morningstar: European Bank 2023 Outlook: Higher Rates Will Help in Navigating Weaker Economies

Retrieved on:

Lunedì, Gennaio 16, 2023

Banking, Professional Services, Finance, All rights reserved, CRA, Person, NRSRO, Morning Star, ARE, Environment, ALL, Senior, UK, DRO, DBRS, Publishing, Research, Sale, NII, Prospectus, Bank, Insurance, EU

DBRS Morningstar anticipates a generally stable outlook for the ratings of European banks in 2023, despite a number of challenges facing the banks.

Key Points:

DBRS Morningstar anticipates a generally stable outlook for the ratings of European banks in 2023, despite a number of challenges facing the banks.
However, DBRS Morningstar expects significantly higher Net Interest Income (NII) at European banks in 2023 to offset the increase in credit risk from weaker economic prospects.
The information upon which DBRS Morningstar ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.

SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations

Retrieved on:

Giovedì, Febbraio 2, 2023

Security (finance), Rating, NRSRO, OCR, COVID-19, Nationally recognized statistical rating organization, Credit, Marketing, ESG, Audit

Washington, D.C.--(Newsfile Corp. - February 2, 2023) - The Securities and Exchange Commission today published a staff report that provides a summary of the staff’s examinations of nationally recognized statistical rating organizations (NRSROs) and discusses the state of competition, transparency, and conflicts of interest among NRSROs.

Key Points:

Washington, D.C.--(Newsfile Corp. - February 2, 2023) - The Securities and Exchange Commission today published a staff report that provides a summary of the staff’s examinations of nationally recognized statistical rating organizations (NRSROs) and discusses the state of competition, transparency, and conflicts of interest among NRSROs.
"The Office of Credit Ratings is critical to the Commission’s work to protect investors and ensure the integrity of the rating process, including through the office’s oversight of Nationally Recognized Statistical Rating Organizations," said SEC Chair Gary Gensler.
"Through the 2022 staff report, the OCR continues its work to ensure credit ratings are accurate, reliable, and fair."
"The comprehensive staff report summarizes the findings from our annual examinations and also provides information about NRSROs, their credit ratings businesses, and the industry more broadly."

DBRS Morningstar: U.S. ABS 2023 Outlook

Retrieved on:

Lunedì, Gennaio 9, 2023

Nonetheless, DBRS Morningstar has a stable credit rating outlook across U.S. asset-backed securities (ABS).

Key Points:

Nonetheless, DBRS Morningstar has a stable credit rating outlook across U.S. asset-backed securities (ABS).
DBRS Morningstar credit ratings, and other types of credit opinions and reports, are no intended for Australian residents or entities.
The information upon which DBRS Morningstar credit ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.