Nationally recognized statistical rating organization

ARCTRUST Receives BBB Investment Grade Rating from Egan-Jones

Retrieved on: 
Thursday, January 20, 2022

NEW YORK, Jan. 20, 2022 /PRNewswire/ -- ARCTRUST Inc , a private real estate investment trust specializing in the development, acquisition, and joint-venture lending of single-tenant net lease properties, has announced that it has been assigned an Investment Grade Credit Rating of BBB from Egan-Jones Rating Company.

Key Points: 
  • NEW YORK, Jan. 20, 2022 /PRNewswire/ -- ARCTRUST Inc , a private real estate investment trust specializing in the development, acquisition, and joint-venture lending of single-tenant net lease properties, has announced that it has been assigned an Investment Grade Credit Rating of BBB from Egan-Jones Rating Company.
  • "An investment grade rating is a significant accomplishment for any private REIT, and this enhances ARCTRUST's ability to increase shareholder value by opening new doors for both product and capital," said Robert Ambrosi, Chairman of ARCTRUST.
  • Net Lease properties are general purpose buildings leased to one or more nationally or regionally recognized tenants.
  • Studies by the Federal Reserve and prestigious academic institutions confirm that over time, ratings from the largest NRSROs tend to converge toward the Egan-Jones rating.

RiverNorth Specialty Finance Corporation Announces Final Results of Repurchase Offer

Retrieved on: 
Thursday, January 6, 2022

RiverNorth Specialty Finance Corporation (the Fund) (NYSE: RSF), a closed-end fund, announced the final results of its repurchase offer for up to 5%, or 205,523 of its outstanding common shares.

Key Points: 
  • RiverNorth Specialty Finance Corporation (the Fund) (NYSE: RSF), a closed-end fund, announced the final results of its repurchase offer for up to 5%, or 205,523 of its outstanding common shares.
  • The repurchase offer expired at 5:00 P.M. Eastern Time on January 5, 2022.
  • Based on information provided by DST Systems, Inc., the depositary for the repurchase offer, a total of 1,387,388 shares were submitted for redemption and 205,523 shares were repurchased.
  • The information agent for the repurchase offer is DST Systems, Inc. Any questions with regard to the tender offer may be directed to the information agent toll-free at 844-569-4750.

American Century Investments And Nomura Launch Active ETF For High Yield Bonds

Retrieved on: 
Thursday, November 18, 2021

KANSAS CITY, Mo., Nov. 18, 2021 /PRNewswire/ --Global investment managers American Century Investments and Nomura Asset Management announced the launch of a new exchange traded fund (ETF): American Century Select High Yield (AHYB).

Key Points: 
  • KANSAS CITY, Mo., Nov. 18, 2021 /PRNewswire/ --Global investment managers American Century Investments and Nomura Asset Management announced the launch of a new exchange traded fund (ETF): American Century Select High Yield (AHYB).
  • "In fact, in the last three years American Century Investments (American Century and Avantis Investors ) have launched 28 ETFs.
  • Quality Value (VALQ), American Century Diversified Corporate Bond (KORP), and American Century Quality Diversified International ETF (QINT)," he said.
  • Exchange Traded Funds (ETFs): Foreside Fund Services, LLC-Distributor, not affiliated with American Century Investment Services, Inc.
    2021 American Century Proprietary Holdings, Inc. All rights reserved.

Ahmed Abonamah Named Director of Office of Credit Ratings

Retrieved on: 
Monday, November 8, 2021

Washington, D.C.--(Newsfile Corp. - November 8, 2021) - The Securities and Exchange Commission today announced that Ahmed Abonamah has been named Director of the agencys Office of Credit Ratings, where he has served as Acting Director since October 2020.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - November 8, 2021) - The Securities and Exchange Commission today announced that Ahmed Abonamah has been named Director of the agencys Office of Credit Ratings, where he has served as Acting Director since October 2020.
  • Ahmed already has proven to be a qualified and thoughtful leader of the Office of Credit Ratings, said SEC Chair Gary Gensler.
  • It is an honor to continue leading the Office of Credit Ratings and working with the talented and dedicated staff in this office and across the agency, said Mr. Abonamah.
  • Before joining the Office of Credit Ratings, he served in a variety of positions within the SECs Office of Municipal Securities, including as Deputy Director.

Flushing Bank Maintains Its Investment Grade Rating by Kroll Bond Rating Agency, Inc.

Retrieved on: 
Monday, November 8, 2021

UNIONDALE, N.Y., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the Company) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the Bank), announced today that Kroll Bond Rating Agency (KBRA), a full-service rating agency, reaffirmed an investment grade rating for the Company and the Bank.

Key Points: 
  • UNIONDALE, N.Y., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the Company) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the Bank), announced today that Kroll Bond Rating Agency (KBRA), a full-service rating agency, reaffirmed an investment grade rating for the Company and the Bank.
  • These ratings are based on KBRAs Bank and Bank Holding Company Global Rating Methodology, which evaluates liquidity, asset quality, capital adequacy, and earnings.
  • The Company and the Bank received ratings of BBB/K3 and BBB+/K2, respectively.
  • Flushing Financial Corporation (Nasdaq: FFIC) is the holding company for Flushing Bank, a New York Statechartered commercial bank insured by the Federal Deposit Insurance Corporation.

RiverNorth Specialty Finance Corporation Announces Final Results of Repurchase Offer

Retrieved on: 
Thursday, October 7, 2021

RiverNorth Specialty Finance Corporation (the Fund) (NYSE: RSF), a closed-end fund, announced the final results of its repurchase offer for up to 5%, or 216,201 of its outstanding common shares.

Key Points: 
  • RiverNorth Specialty Finance Corporation (the Fund) (NYSE: RSF), a closed-end fund, announced the final results of its repurchase offer for up to 5%, or 216,201 of its outstanding common shares.
  • The repurchase offer expired at 5:00 P.M. Eastern Time on October 6, 2021.
  • Based on information provided by DST Systems, Inc., the depositary for the repurchase offer, a total of 1,787,602 shares were submitted for redemption and 216,201 shares were repurchased.
  • The information agent for the repurchase offer is DST Systems, Inc. Any questions with regard to the tender offer may be directed to the information agent toll-free at 844-569-4750.

Kroll Bond Rating Agency Affirms First Bank Investment Grade Rating

Retrieved on: 
Friday, August 27, 2021

HAMILTON, N.J., Aug. 27, 2021 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) today announced that the Kroll Bond Rating Agency (KBRA), a Nationally Recognized Statistical Rating Organization (NRSRO) registered with the U.S. Securities and Exchange Commission (SEC), has affirmed the Banks credit ratings and stable outlook.

Key Points: 
  • HAMILTON, N.J., Aug. 27, 2021 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) today announced that the Kroll Bond Rating Agency (KBRA), a Nationally Recognized Statistical Rating Organization (NRSRO) registered with the U.S. Securities and Exchange Commission (SEC), has affirmed the Banks credit ratings and stable outlook.
  • The Banks favorable ratings and a stable outlook were maintained with a Deposit rating of BBB+, Senior Unsecured Debt rating of BBB+, Subordinated Debt rating of BBB, Short-Term Deposit rating of K2 and a Short-Term Debt rating of K2.
  • KBRAs report and additional details on their rating scale can be found at their website at www.krollbondratings.com.
  • KBRA is a full-service rating agency whose mission is to set a standard of excellence and integrity.

KBRA Assigns Preliminary Ratings to Provident Funding Mortgage Trust 2021-INV1 (PFMT 2021-INV1)

Retrieved on: 
Wednesday, August 4, 2021

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.

Key Points: 
  • Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Assigns Preliminary Ratings to Flagship Credit Auto Trust 2021-3

Retrieved on: 
Wednesday, August 4, 2021

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.

Key Points: 
  • Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Assigns A+ Rating to Allegheny County Airport Authority (Pittsburgh International Airport); Outlook is Stable

Retrieved on: 
Tuesday, August 3, 2021

Kroll Bond Rating Agency (KBRA) assigns a long-term rating of A+ with a Stable Outlook to the Airport Revenue Bonds, Series 2021A (AMT) and Airport Revenue Bonds, Series 2021B (Non-AMT) issued by Allegheny County Airport Authority (Pittsburgh International Airport).

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns a long-term rating of A+ with a Stable Outlook to the Airport Revenue Bonds, Series 2021A (AMT) and Airport Revenue Bonds, Series 2021B (Non-AMT) issued by Allegheny County Airport Authority (Pittsburgh International Airport).
  • The Allegheny County Airport Authority manages Pittsburgh International Airport (PIT), a commercial, international airport and Allegheny County Airport (AGC), a general aviation reliever airport to PIT.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.