Financial law

KBRA Assigns Preliminary Ratings to Notes Issued by Genesis Sales Finance Master Trust, Series 2021-A

Friday, May 14, 2021 - 8:51pm

b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of notes issued by Genesis Sales Finance Master Trust, Series 2021-A (\xe2\x80\x9cGSFMT Series 2021-A\xe2\x80\x9d), a credit card asset-backed securitization.\nThe preliminary ratings reflect initial credit enhancement levels of 57.10% for the Class A notes to 5.00% for the Class F notes.

Key Points: 
  • b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of notes issued by Genesis Sales Finance Master Trust, Series 2021-A (\xe2\x80\x9cGSFMT Series 2021-A\xe2\x80\x9d), a credit card asset-backed securitization.\nThe preliminary ratings reflect initial credit enhancement levels of 57.10% for the Class A notes to 5.00% for the Class F notes.
  • KBRA also conducted an operational assessment of Genesis, as well as a review of the transaction\xe2\x80\x99s legal structure and transaction documents.
  • KBRA will also review the operative agreements and legal opinions for the transaction prior to closing.\nClick here to view the report.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005522/en/\n'

Form 8.3 - The Vanguard Group, Inc.: Willis Towers Watson plc

Friday, May 14, 2021 - 3:03pm

b'Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • b'Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.\nIs a Supplemental Form 8 attached?
  • (Note 9) NO\n'

Form 8.3 - The Vanguard Group, Inc.: Aon plc

Friday, May 14, 2021 - 3:03pm

b'Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • b'Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.\nIs a Supplemental Form 8 attached?
  • (Note 9) NO\n'

KBRA Assigns Preliminary Ratings to Avant Loans Funding Trust 2021-REV1

Thursday, May 13, 2021 - 4:36pm

b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Avant Loans Funding Trust 2021-REV1 (\xe2\x80\x9cAVNT 2021-REV1\xe2\x80\x9d), a $200 million consumer loan asset backed security transaction.

Key Points: 
  • b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Avant Loans Funding Trust 2021-REV1 (\xe2\x80\x9cAVNT 2021-REV1\xe2\x80\x9d), a $200 million consumer loan asset backed security transaction.
  • The preliminary ratings reflect initial credit enhancement level ranging from 46.56% to 1.50% for the Class A through E Notes.
  • Personal installment loans are offered primarily to non-prime consumers through the Avant Platform.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005756/en/\n'

Form 8.3 - The Vanguard Group, Inc.: UDG Healthcare plc

Thursday, May 13, 2021 - 4:04pm

b'Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • b'Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.\nIs a Supplemental Form 8 attached?
  • (Note 9) NO\n'

KBRA Assigns Preliminary Ratings to OneMain Financial Issuance Trust 2021-1

Thursday, May 13, 2021 - 3:06pm

b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by OneMain Financial Issuance Trust 2021-1 (\xe2\x80\x9cOMFIT 2021-1\xe2\x80\x9d), a consumer loan asset-backed securities transaction.\nThe collateral in the OMFIT 2021-1 transaction includes approximately $531.9 million of loans as of the April 30, 2021 Initial Cut-Off Date.

Key Points: 
  • b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by OneMain Financial Issuance Trust 2021-1 (\xe2\x80\x9cOMFIT 2021-1\xe2\x80\x9d), a consumer loan asset-backed securities transaction.\nThe collateral in the OMFIT 2021-1 transaction includes approximately $531.9 million of loans as of the April 30, 2021 Initial Cut-Off Date.
  • OMH completed its acquisition of OneMain Financial Holdings, LLC (\xe2\x80\x9cOMFH\xe2\x80\x9d) on November 15, 2015 from CitiFinancial Credit Company for $4.49 billion in cash.
  • KBRA also conducted an operational assessment of OneMain, as well as a review of the transaction\xe2\x80\x99s legal structure and transaction documents.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005677/en/\n'

Form 8.3 - The Vanguard Group, Inc.: Willis Towers Watson plc

Thursday, May 13, 2021 - 3:08pm

b'Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • b'Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.\nIs a Supplemental Form 8 attached?
  • (Note 9) NO\n'

Form 8.3 - The Vanguard Group, Inc.: Aon plc

Thursday, May 13, 2021 - 3:07pm

b'Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • b'Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.\nIs a Supplemental Form 8 attached?
  • (Note 9) NO\n'

AM Best Affirms Credit Ratings of Dubai Insurance Company (PSC)

Thursday, May 13, 2021 - 2:35pm

b'AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of \xe2\x80\x9ca-\xe2\x80\x9d (Excellent) of Dubai Insurance Company (PSC) (DIC) (United Arab Emirates).

Key Points: 
  • b'AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of \xe2\x80\x9ca-\xe2\x80\x9d (Excellent) of Dubai Insurance Company (PSC) (DIC) (United Arab Emirates).
  • The associated counterparty credit risk is mitigated partially by the use of a panel of international reinsurers of high credit quality.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .
  • For information on the proper media use of Best\xe2\x80\x99s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best\xe2\x80\x99s Credit Ratings and AM Best Rating Action Press Releases .\nAM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Ygrene Completes $343 Million Securitization of Pace Assets

Thursday, May 13, 2021 - 2:00pm

b"Ygrene, the nation\xe2\x80\x99s leading issuer of green bonds backed by Property Assessed Clean Energy (PACE) assets, announced today the closing of its GoodGreen 2021-1 securitization with the issuance of $343 million of investment-grade debt securities.

Key Points: 
  • b"Ygrene, the nation\xe2\x80\x99s leading issuer of green bonds backed by Property Assessed Clean Energy (PACE) assets, announced today the closing of its GoodGreen 2021-1 securitization with the issuance of $343 million of investment-grade debt securities.
  • PACE has proven to be a successful tool for supporting public policy initiatives, all without the use of public tax dollars or credits.
  • By providing over $2.6 billion of private capital to more than 550 local communities, Ygrene has created tens of thousands of jobs and invested millions into local economies across the U.S. Ygrene is not a government program.
  • Learn more at ygrene.com.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005508/en/\n"