Standard & Poor's

Fitch Assigns a BBB- Rating and Stable Outlook on Citycon

Tuesday, May 26, 2020 - 7:14pm

Citycon and Fitch Ratings have signed a new credit rating agreement.

Key Points: 
  • Citycon and Fitch Ratings have signed a new credit rating agreement.
  • Fitch assigns a credit rating of BBB- with a stable outlook for Citycon.
  • "We are pleased to receive this investment grade credit rating with stable outlook which further validates the strength of our financial profile and our business strategy.
  • Citycon's credit ratings are assessed by Fitch Ratings, S&P Global Ratings and Moody's Investors Service.

Ryder Chairman & CEO to Participate in Virtual KeyBanc Capital Markets Industrials and Basic Materials Conference

Friday, May 22, 2020 - 9:22pm

The companys stock (NYSE: R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400 index.

Key Points: 
  • The companys stock (NYSE: R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400 index.
  • For more information, visit www.ryder.com or our newsroom, and follow us on Facebook, LinkedIn, and Twitter.
  • These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions.
  • Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Vertex Aerospace Credit Rating Upgraded to B+; S&P Says Outlook Stable

Thursday, May 21, 2020 - 5:13pm

MADISON, Miss., May 21, 2020 /PRNewswire/ -- S&P Global, a top market intelligence firm, recently upgraded Vertex Aerospace's corporate credit rating to B+ with a stable outlook.

Key Points: 
  • MADISON, Miss., May 21, 2020 /PRNewswire/ -- S&P Global, a top market intelligence firm, recently upgraded Vertex Aerospace's corporate credit rating to B+ with a stable outlook.
  • In support of upgrading Vertex's rating, S&P cited the Company's strong liquidity position, growing profitability, and continuous improvement in its credit metrics.
  • The upgrade, coupled with a stable outlook, is a signal to the market that S&P expects these favorable trends to continue.
  • Vertex Aerospace, formerly named L3 Vertex Aerospace, was purchased by AIP in June 2018, along with its subsidiaries, Crestview Aerospace in Crestview, Florida, and TCS in Warner Robins, Georgia.

First Trust Portfolios Canada Launches May Series of Target Outcome ETFs

Thursday, May 21, 2020 - 1:00pm

The fund is sub-advised by Cboe Vest Financial LLC (Cboe Vest) using a target outcome strategy or pre-determined investment outcome.

Key Points: 
  • The fund is sub-advised by Cboe Vest Financial LLC (Cboe Vest) using a target outcome strategy or pre-determined investment outcome.
  • However, the fund can be held indefinitely as terms will reset at the end of each outcome period and the cap and buffer for each subsequent target outcome period will likely differ from the initial outcome period.
  • We are pleased to work with First Trust Canada to offer the May series of Target Outcome ETFs.
  • Target Outcome Investments, Target Outcome Strategies and Target Outcome ETFs are registered trademarks of Cboe Vest Financial LLC.

AM Best Upgrades Credit Ratings for Kentucky Growers Insurance Company

Wednesday, May 20, 2020 - 9:43pm

AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to a- from bbb+ of Kentucky Growers Insurance Company (KGIC) (Lexington, KY).

Key Points: 
  • AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to a- from bbb+ of Kentucky Growers Insurance Company (KGIC) (Lexington, KY).
  • 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/Experian Consumer Credit Default Indices Show Lower Composite Rate In April 2020

Tuesday, May 19, 2020 - 3:01pm

Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET.

Key Points: 
  • Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET.
  • They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien.
  • The Indices are calculated based on data extracted from Experian's consumer credit database.
  • More assets are invested in products based on our indices than products based on indices from any other provider in the world.

AM Best Affirms Credit Ratings of Vietnam National Reinsurance Corporation

Friday, May 15, 2020 - 3:01pm

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ of Vietnam National Reinsurance Corporation (VINARE) (Vietnam).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ of Vietnam National Reinsurance Corporation (VINARE) (Vietnam).
  • The outlook of these Credit Ratings (ratings) is stable.
  • 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 .

dynaCERT Receives Conditional Approval to Graduate to the Toronto Stock Exchange

Thursday, May 14, 2020 - 10:00am

TORONTO, May 14, 2020 (GLOBE NEWSWIRE) -- TORONTO, ON--(Globe Newswire May 14, 2020) dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has received conditional approval from the Toronto Stock Exchange ("TSX") to graduate its listing from the TSX Venture Exchange ("TSXV") to the TSX.

Key Points: 
  • TORONTO, May 14, 2020 (GLOBE NEWSWIRE) -- TORONTO, ON--(Globe Newswire May 14, 2020) dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has received conditional approval from the Toronto Stock Exchange ("TSX") to graduate its listing from the TSX Venture Exchange ("TSXV") to the TSX.
  • We expect this graduation to further enhance the liquidity of our stock and enable us to continue building long-term shareholder value."
  • Jim Payne, dynaCERTs President & CEO, stated, With the approval of the KarbonKleen Transaction we can now embark on the Subscription Programme.
  • Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

AM Best Revises Issuer Credit Rating Outlook to Negative for Republic Insurance Company (Cayman) Limited

Wednesday, May 13, 2020 - 3:45pm

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ of Republic Insurance Company (Cayman) Limited (Republic Insurance) (Cayman Islands).

Key Points: 
  • AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ of Republic Insurance Company (Cayman) Limited (Republic Insurance) (Cayman Islands).
  • The revised Long-Term ICR outlook reflects the negative impact from the recent downgrade in the credit quality of Republic Financial Holdings Limited, which owns 100% of the common shares of Republic.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

ViacomCBS Announces $2.0 Billion Debt Offering

Tuesday, May 12, 2020 - 11:26pm

The joint book-running managers for the offering are Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC.

Key Points: 
  • The joint book-running managers for the offering are Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC.
  • ViacomCBS senior unsecured debt is currently rated BBB (stable) by Fitch Ratings, Baa2 (stable) by Moodys Investors Service and BBB (negative) by S&P Global Ratings.
  • ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide.
  • In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions for partners on five continents.