Moody's Investors Service

CRED iQ Names Harry Blanchard as Managing Director, and Head of Data and Analytics

Retrieved on: 
Tuesday, August 8, 2023
Chief commercial officer, CRED, Entrepreneurship, MetLife, Data Analytics Library, CRE, Moody's Investors Service, Wells Fargo, Moody, Data, Management

NEW YORK and PHILADELPHIA, Aug. 8, 2023 /PRNewswire/ -- CRED iQ, the fastest growing provider of commercial real estate (CRE) data, analytics and valuation tools is pleased to announce that Harry Blanchard has joined the company as Managing Director, and Head of Data & Analytics. 

Key Points: 
  • NEW YORK and PHILADELPHIA, Aug. 8, 2023 /PRNewswire/ -- CRED iQ, the fastest growing provider of commercial real estate (CRE) data, analytics and valuation tools is pleased to announce that Harry Blanchard has joined the company as Managing Director, and Head of Data & Analytics.
  • Harry comes to CRED iQ with a track record of impeccable leadership and executional excellence.
  • Harry has served in leadership roles at Moody's, MetLife and Wells Fargo during his career, and has exceptional knowledge of CRE financial data and analytics.
  • "We are thrilled to welcome Harry to the CRED iQ leadership team," said Mike Haas, Co-Founder and CEO.

Capital Southwest Announces Financial Results for First Fiscal Quarter Ended June 30, 2023 and Announces Increase in Total Dividends to $0.62 per share for the Quarter Ended September 30, 2023

Retrieved on: 
Monday, August 7, 2023
Transfer, Moody's Investors Service, Share repurchase, Line of credit, Revenue recognition, NAV, Equity, Treasury, Acquisition, Investment, Capital, SBA, DRIP, IRR, External commercial borrowing, UTI, First, Deutsche Bank, State Board of Administration of Florida, I-45, Primary Dealer Credit Facility, Growth, Security (finance), FDA, Credit, Common, Exercise, Credit Accumulation and Transfer Scheme, Trust, Fintech, Note, Small Business Administration, SOFR, Securities and Exchange Commission (Nigeria), Sale, Small business, Fitch Ratings, SBIC, Debenture, Airline, Bank, Renewable energy, Holding company, Real estate, Life insurance, Cryptocurrency, Fitch

For the quarter ended June 30, 2023, Capital Southwest reported total investment income of $40.4 million, compared to $37.2 million in the prior quarter.

Key Points: 
  • For the quarter ended June 30, 2023, Capital Southwest reported total investment income of $40.4 million, compared to $37.2 million in the prior quarter.
  • For the quarter ended June 30, 2023, total operating expenses (excluding interest expense) were $5.7 million, compared to $5.6 million in the prior quarter.
  • For the quarter ended June 30, 2023, interest expense was $9.7 million as compared to $8.8 million in the prior quarter.
  • Capital Southwest has scheduled a conference call on Tuesday, August 8, 2023, at 11:00 a.m. Eastern Time to discuss the first quarter 2024 financial results.

Masdar Marks Roadmap to US$3 billion Green Bond Offering at London Stock Exchange

Retrieved on: 
Monday, August 7, 2023
LSE, COP28, Capital market, London Stock Exchange, HE, Appetite, Moody's Investors Service, International trade, LSEG, Wind, London, UN, Ministry of Industry and Advanced Technology (United Arab Emirates), ESG, ADX, Abu Dhabi Securities Exchange, Renewable energy, Masdar

Masdar completed a US$750 million 10-year green bond offering on the LSE on July 19, 2023, which was more than five times oversubscribed with exceptionally strong appetite from regional and international investors.

Key Points: 
  • Masdar completed a US$750 million 10-year green bond offering on the LSE on July 19, 2023, which was more than five times oversubscribed with exceptionally strong appetite from regional and international investors.
  • Dr Sultan Al Jaber has been a pioneer at the forefront of the global renewable energy sector for 17 years.
  • Julia Hoggett, CEO, LSE plc, and Head of Equities, Capital Markets, LSEG, said, "We congratulate Masdar on the successful listing of its debut green bond on the London Stock Exchange, the proceeds of which will support renewable energy projects.
  • Masdar also plans a secondary listing of its green bond offering later this year on Abu Dhabi Securities Exchange (ADX), the second largest market in the Gulf region.

Masdar Marks Roadmap to US$3 billion Green Bond Offering at London Stock Exchange

Retrieved on: 
Monday, August 7, 2023
LSE, COP28, Capital market, London Stock Exchange, HE, Appetite, Moody's Investors Service, International trade, LSEG, Wind, London, UN, Ministry of Industry and Advanced Technology (United Arab Emirates), ESG, ADX, Abu Dhabi Securities Exchange, Renewable energy, Masdar

Masdar completed a US$750 million 10-year green bond offering on the LSE on July 19, 2023, which was more than five times oversubscribed with exceptionally strong appetite from regional and international investors.

Key Points: 
  • Masdar completed a US$750 million 10-year green bond offering on the LSE on July 19, 2023, which was more than five times oversubscribed with exceptionally strong appetite from regional and international investors.
  • Dr Sultan Al Jaber has been a pioneer at the forefront of the global renewable energy sector for 17 years.
  • Julia Hoggett, CEO, LSE plc, and Head of Equities, Capital Markets, LSEG, said, "We congratulate Masdar on the successful listing of its debut green bond on the London Stock Exchange, the proceeds of which will support renewable energy projects.
  • Masdar also plans a secondary listing of its green bond offering later this year on Abu Dhabi Securities Exchange (ADX), the second largest market in the Gulf region.

Milestone Achieved: Invictus Capital Partners Completes 50th Securitization

Retrieved on: 
Thursday, August 3, 2023
Invictus, S&P, LP, Moody's Investors Service, Verus, AAA, Fitch, Bank, Real estate

WASHINGTON, Aug. 3, 2023 /PRNewswire/ -- Invictus Capital Partners, LP, a Washington, D.C.-based alternative investment management firm, solidified its position as a leading private credit investor in residential loans by completing its 50th securitization, VERUS 2023-INV2. This is Invictus' 7th transaction in 2023 with a cumulative loan balance of $3.5 billion.

Key Points: 
  • WASHINGTON, Aug. 3, 2023 /PRNewswire/ -- Invictus Capital Partners , LP, a Washington, D.C.-based alternative investment management firm, solidified its position as a leading private credit investor in residential loans by completing its 50th securitization, VERUS 2023-INV2.
  • This is Invictus' 7th transaction in 2023 with a cumulative loan balance of $3.5 billion.
  • Invictus, through its affiliate Verus Mortgage Capital ("Verus"), has been the largest private credit investor in recently originated residential loans through securitization since the beginning of 2015 with a total aggregate loan balance of nearly $23 billion across the 50 transactions.
  • The Invictus investment platform was the first in the industry to have transactions which achieved a AAA rating from each of the three major rating agencies — S&P, Fitch and Moody's.

Dun & Bradstreet Announces Corporate Ratings Upgrades From Moody’s

Retrieved on: 
Tuesday, August 1, 2023
Banking, Data Analytics, Professional Services, Finance, Dun & Bradstreet, DNB, Probability, Moody's Investors Service, Bradstreet, NYSE, Retail

Dun & Bradstreet Holdings, Inc. (NYSE: DNB), a leading global provider of business decisioning data and analytics, announced today that Moody’s Investors Services (“Moody’s”) has upgraded both its corporate family rating and probability of default rating to B1 from B2 and its senior unsecured rating to B3 from Caa1.

Key Points: 
  • Dun & Bradstreet Holdings, Inc. (NYSE: DNB), a leading global provider of business decisioning data and analytics, announced today that Moody’s Investors Services (“Moody’s”) has upgraded both its corporate family rating and probability of default rating to B1 from B2 and its senior unsecured rating to B3 from Caa1.
  • The company’s overall outlook is stable.
  • “We are pleased with Moody’s decision to raise our ratings.” said Anthony Jabbour, Chief Executive Officer, Dun & Bradstreet.
  • “The company's credit profile is supported by its very long operating history, strong brand recognition within its target markets, and established long-term relationships with a large number of diverse customers.

Banco Santander-Chile Announces Second Quarter 2023 Earnings

Retrieved on: 
Monday, July 31, 2023
NIM, SME, Insurance, Treasury, Net, Investment banking, BIS, MPR, Travel, Moody's Investors Service, ADR, NII, KBRA, RWA, Banco Santander Chile, NPL, SCIB, Government, BSAC, NYSE, SSE, JPY, COVID-19, Retail banking, LCR, S&P Global Ratings, Corporation, Japan Credit Rating Agency, Liquid, Acceleration, Growth, Yoy, Bank, Credit, YTD, Quarter, CIB, Cryptocurrency, Financial services, Security (finance), UF

SANTIAGO, Chile, July 31, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the six-month period ended June 30, 2023, and second quarter 2023 (2Q23).

Key Points: 
  • SANTIAGO, Chile, July 31, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the six-month period ended June 30, 2023, and second quarter 2023 (2Q23).
  • As a result, our CET1 is 11.0% and the total BIS III ratio 17.5% at the end of June 2023.
  • Our earnings webcast will be held on Friday, August 4, 2023 at 11am ET.
  • The BIS capital ratio as of June 30, 2023, was 17.5%, with a core capital ratio of 11.0%.

ONE-OF-A-KIND IMMERSIVE CAREER EVENT IS HEADING TO CHARLOTTE: JOB SEEKERS, YOUR TIME IS NOW

Retrieved on: 
Tuesday, July 25, 2023
AvidxChange Music Factory, Workforce, Hair, Partnership, Moody's Investors Service, CLT, Disability, Woman, Big Brothers Big Sisters, Microsoft, Chromebook, Veteran, Black, Light, Coca-Cola, Points of Light, Dress, Best Buddies International, Sun Belt, AAPI, KCI, Hire, Hearing, Lunch, LGBTQIA, Success, Nursing, Management, Nightclub, Tourism

CHARLOTTE, N.C., July 25, 2023 /PRNewswire/ -- Insight Global, a leading national staffing company dedicated to empowering people through opportunity, is inviting all local residents to attend an immersive, completely free experience on Saturday, July 29, aimed at providing personalized, one-on-one career counseling. All Charlotte job seekers who want to gain confidence and access to job resources like resume writing, interview skills and professional headshots, are encouraged to register and attend. Free childcare and lunch will also be available.

Key Points: 
  • All Charlotte job seekers who want to gain confidence and access to job resources like resume writing, interview skills and professional headshots, are encouraged to register and attend.
  • "We're committed to inspiring and empowering job seekers with the skills they need to create a brighter and better future," said Bert Bean, CEO of Insight Global.
  • It will be full of experts, technology and tools that will help job seekers as they look for jobs or think about a career.
  • AvidXchange has graciously donated the location space for the event, helping to make the event accessible for job seekers in Charlotte.

BankUnited, Inc. Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, July 25, 2023
Banking, Professional Services, Finance, DSCR, Moody's Investors Service, FHLB, Sale, LTV, NPA, Risk, SBA, Bank, CRE, ACL, Environment, Credit, NYSE, Rare-earth element, Cryptocurrency

BankUnited, Inc. (the “Company”) (NYSE: BKU) today announced financial results for the quarter ended June 30, 2023.

Key Points: 
  • BankUnited, Inc. (the “Company”) (NYSE: BKU) today announced financial results for the quarter ended June 30, 2023.
  • At June 30, 2023, total same day available liquidity had increased to $14.7 billion from $9.4 billion at March 31, 2023.
  • The net interest margin, calculated on a tax-equivalent basis, was 2.47% for the quarter ended June 30, 2023, compared to 2.62% for the immediately preceding quarter ended March 31, 2023 and 2.63% for the quarter ended June 30, 2022.
  • The yield on average interest earning assets increased to 5.30% for the quarter ended June 30, 2023 from 5.05% for the immediately preceding quarter.

UAE flagship renewable energy company Masdar launches first US$750 million 10-year Green Bond

Retrieved on: 
Wednesday, July 19, 2023
HSBC, Note, COP28, Moody's Investors Service, Standard Chartered, ABU, SMBC Nikko Securities, Appetite, Wind, First Abu Dhabi Bank, BNP Paribas, Citigroup, Climate change, UN, Ministry of Industry and Advanced Technology (United Arab Emirates), ESG, PJSC, MENA, United States Treasury security, Security (finance), Renewable energy, A2, Fitch, Masdar

ABU DHABI, UAE, July 19, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar announced the successful completion of its first green bond issuance for US$750 million 10-year senior unsecured Notes today.

Key Points: 
  • ABU DHABI, UAE, July 19, 2023 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar announced the successful completion of its first green bond issuance for US$750 million 10-year senior unsecured Notes today.
  • The debut green bond demonstrates investor confidence in the financial strength of Masdar, which has credit ratings of A2 (Moody's) and A+ (Fitch), and its strong sustainability credentials.
  • Today, the successful issuance of Masdar green bonds will support these twin aims, by helping to provide funding towards renewable energy projects where they are needed most."
  • The company is also targeting green hydrogen production of 1 million tonnes per annum by the same year.