Standard & Poor's

DGAP-News: Test Edge

Friday, July 17, 2020 - 5:03pm

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • India / ACCESSWIRE / July 06, 2020 Hi
    17.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
  • The issuer is solely responsible for the content of this announcement.
  • The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

AM Best Downgrades Credit Ratings of New India Assurance Company Limited

Friday, July 17, 2020 - 4:33pm

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb+ from a- of New India Assurance Company Limited (New India) (India).

Key Points: 
  • AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb+ from a- of New India Assurance Company Limited (New India) (India).
  • The outlook of these Credit Ratings (ratings) has been revised to stable from negative.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

IGI’s Financial Strength Ratings Confirmed by S&P Global

Thursday, July 16, 2020 - 1:00pm

International General Insurance Holdings Ltd. (IGI or the Company) (NASDAQ: IGIC) today announced that S&P Global Ratings has confirmed its financial strength ratings at A- with a Stable outlook.

Key Points: 
  • International General Insurance Holdings Ltd. (IGI or the Company) (NASDAQ: IGIC) today announced that S&P Global Ratings has confirmed its financial strength ratings at A- with a Stable outlook.
  • It also underscores the strength of the IGI brand our balance sheet, our track record of profitable growth and our long-standing relationships.
  • IGI is rated A (Excellent)/Stable by AM Best and A-/Stable by S&P Global Ratings.
  • There can be no assurance that IGIs financial condition or results of operations will be consistent with those set forth in such forward-looking statements.

Brookfield Announces Initial Close of First European Core-Plus Real Estate Fund

Thursday, July 16, 2020 - 12:55pm

BROOKFIELD NEWS, July 16, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (Brookfield) (NYSE: BAM, TSX: BAM.A) today announced the initial closing of its first European core-plus real estate fund, Brookfield European Real Estate Partnership (BEREP or the Fund), with total equity commitment to date of 725million.

Key Points: 
  • BROOKFIELD NEWS, July 16, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (Brookfield) (NYSE: BAM, TSX: BAM.A) today announced the initial closing of its first European core-plus real estate fund, Brookfield European Real Estate Partnership (BEREP or the Fund), with total equity commitment to date of 725million.
  • The core-plus fund dedicated to European real estate investments continues Brookfields focus on establishing core-plus real estate funds in large, developed regions, which also includes funds focused on North America and Australia.
  • Evolving market dynamics are creating new opportunities and a substantial pipeline in core-plus real estate throughout Europe, said Zachary Vaughan, Head of Europe Real Estate at Brookfield.
  • Brookfield has a significant real estate presence in Europe, with $31 billion of assets under management.

Gibson Energy Announces Closing of $650 Million Medium Term Note Offering

Tuesday, July 14, 2020 - 2:04pm

CALGARY, Alberta, July 14, 2020 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (Gibson or the Company), (TSX: GEI), announced today that it has closed the previously announced offering of $650 million of senior unsecured medium term notes consisting of $325 million of 2.45% notes maturing on July 14, 2025 and $325 million of 2.85% notes maturing on July 14, 2027.

Key Points: 
  • CALGARY, Alberta, July 14, 2020 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (Gibson or the Company), (TSX: GEI), announced today that it has closed the previously announced offering of $650 million of senior unsecured medium term notes consisting of $325 million of 2.45% notes maturing on July 14, 2025 and $325 million of 2.85% notes maturing on July 14, 2027.
  • As a result of the blended coupon rate of the notes being lower than that of the 2024 Notes, following the redemption Gibson expects annualized interest savings of approximately $16 million over the remaining term of the 2024 Notes.
  • The notes have been assigned ratings of BBB by S&P Global Ratings and BBB (low) with a Stable trend by DBRS Morningstar.
  • Gibson is a Canadian-based oil infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of crude oil and refined products.

Moody's Maintains Highest Rating and Stable Outlook for Northwestern Mutual

Monday, July 13, 2020 - 9:00pm

MILWAUKEE, July 13, 2020 /PRNewswire/ -- Moody's Investors Service ("Moody's") maintains Northwestern Mutual's Aaa (highest) rating and stable outlook in a recently released update.

Key Points: 
  • MILWAUKEE, July 13, 2020 /PRNewswire/ -- Moody's Investors Service ("Moody's") maintains Northwestern Mutual's Aaa (highest) rating and stable outlook in a recently released update.
  • With this latest update, Northwestern Mutual continues to have the highest financial strength ratings awarded to any U.S. life insurer by all four of the major rating agencies, with continued stable outlooks: AM Best Company, A++ (highest), April 2020; Fitch Ratings, AAA (highest), May 2020; Moody's Investors Service, Aaa (highest), July 2020; and S&P Global Ratings, AA+ (second highest), June 2020.
  • Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company.
  • Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM),Milwaukee, WI(life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.

Brookfield Renewable Partners 2020 Second Quarter Conference Call and Webcast for Investors and Analysts

Thursday, July 9, 2020 - 9:30pm

BROOKFIELD, News, July 09, 2020 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Renewable Partners (TSX: BEP.UN; NYSE: BEP) 2020 First Quarter Conference Call and Webcast on Friday, August 7, 2020 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management.

Key Points: 
  • BROOKFIELD, News, July 09, 2020 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Renewable Partners (TSX: BEP.UN; NYSE: BEP) 2020 First Quarter Conference Call and Webcast on Friday, August 7, 2020 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management.
  • For those who are unable to participate in the conference call, a taped rebroadcast will also be available until August 14, 2020.
  • Brookfield Renewable Partners operates one of the worlds largest publicly traded, pure-play renewable power platforms.
  • Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with over $515 billion of assets under management.

AM Best Upgrades Credit Ratings of Southern General Insurance Company

Thursday, July 9, 2020 - 3:12pm

AM Best has upgraded the Financial Strength Rating to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Rating to bb+ from bb- of Southern General Insurance Company (SGIC) (Marietta, GA).

Key Points: 
  • AM Best has upgraded the Financial Strength Rating to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Rating to bb+ from bb- of Southern General Insurance Company (SGIC) (Marietta, GA).
  • The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

S&P Global Market Intelligence Launches S&P Global RiskGauge Reports, Providing Access to More than 50 Million Company Credit Risk Profiles

Tuesday, July 7, 2020 - 2:00pm

The S&P Global RiskGauge Reports are available for more than 50 million public and private companies globally, including small- and medium-enterprises (SMEs).

Key Points: 
  • The S&P Global RiskGauge Reports are available for more than 50 million public and private companies globally, including small- and medium-enterprises (SMEs).
  • The launch of the S&P Global RiskGauge Reports is a step towards providing the market with essential SME private company data, giving our clients the confidence to make decisions with conviction."
  • With its SME coverage, S&P Global RiskGauge Reports help uncover the hidden risks and creditworthiness of doing business with private companies.
  • The S&P Global RiskGauge Reports will be available via S&P Global Market Intelligence's Credit Analytics offering.

Catasys, Inc. is now Ontrak, Inc.

Monday, July 6, 2020 - 9:30pm

Effective Tuesday, July 7, 2020, the companys common stock will trade under the new Nasdaq ticker symbol, OTRK, and the new CUSIP number 683373104.

Key Points: 
  • Effective Tuesday, July 7, 2020, the companys common stock will trade under the new Nasdaq ticker symbol, OTRK, and the new CUSIP number 683373104.
  • Mr. Terren Peizer, Chairman and CEO of Catasys, stated, We are excited to announce this important milestone in our companys growth trajectory.
  • This marks our transition from the pilot phase of our corporate development into a clinically and economically-proven strategic partner to our customers, members and providers.
  • For years we have been known to these constituencies as Ontrak, and to the investor and analyst community as Catasys.