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AM Best Removes From Under Review With Developing Implications and Downgrades Credit Ratings of Western Health Advantage

Retrieved on: 
Friday, December 2, 2022

This rating actions reflect recent declines in absolute and risk-adjusted capitalization and lack of material improvement projected in the near term.

Key Points: 
  • This rating actions reflect recent declines in absolute and risk-adjusted capitalization and lack of material improvement projected in the near term.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

MSCI Uplifted GTJAl's ESG Rating, Stating That Its Corporate Governance Leads Global Peers

Retrieved on: 
Friday, December 2, 2022

SHANGHAI, Dec. 2, 2022 /PRNewswire/ -- On 25 November, 2022, Morgan Stanley Capital International (MSCI), an international authoritative indexing organization, released the latest annual Environmental, Social and Governance (ESG) rating.

Key Points: 
  • SHANGHAI, Dec. 2, 2022 /PRNewswire/ -- On 25 November, 2022, Morgan Stanley Capital International (MSCI), an international authoritative indexing organization, released the latest annual Environmental, Social and Governance (ESG) rating.
  • MSCI stated that the Company's improved responsible investment practices and the strengthened ethics policies are the primary drivers of the upgrade.
  • In the assessment of the overall strengths of GTJAI, MSCI stated that the Company leads global peers in corporate governance and in business ethics framework.
  • High ESG ratings reflect stronger business management and corporate governance.

MSCI Uplifted GTJAl's ESG Rating, Stating That Its Corporate Governance Leads Global Peers

Retrieved on: 
Friday, December 2, 2022

SHANGHAI, Dec. 2, 2022 /PRNewswire/ -- On 25 November, 2022, Morgan Stanley Capital International (MSCI), an international authoritative indexing organization, released the latest annual Environmental, Social and Governance (ESG) rating.

Key Points: 
  • SHANGHAI, Dec. 2, 2022 /PRNewswire/ -- On 25 November, 2022, Morgan Stanley Capital International (MSCI), an international authoritative indexing organization, released the latest annual Environmental, Social and Governance (ESG) rating.
  • MSCI stated that the Company's improved responsible investment practices and the strengthened ethics policies are the primary drivers of the upgrade.
  • In the assessment of the overall strengths of GTJAI, MSCI stated that the Company leads global peers in corporate governance and in business ethics framework.
  • High ESG ratings reflect stronger business management and corporate governance.

Roscan Enters Into Royalty Sale Agreement With Osisko Gold Royalties for Proceeds of up to $10 Million

Retrieved on: 
Friday, December 2, 2022

Osisko has initially acquired a 1.0% net smelter return ("NSR") royalty for upfront consideration of $5.0 million (the "Royalty").

Key Points: 
  • Osisko has initially acquired a 1.0% net smelter return ("NSR") royalty for upfront consideration of $5.0 million (the "Royalty").
  • Pursuant to the Agreement, Osisko will retain the option to purchase a second 1.0% NSR (for a total NSR royalty percentage of 2.0%) on the Property at any time for an additional $5.0 million (the "Additional Royalty").
  • Furthermore, the Company will have the right to compel Osisko to acquire the Additional Royalty in the event Roscan receives a long-term exploitation license on the Property from the Malian government.
  • Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa.

AM Best Downgrades Credit Ratings of Hotai Insurance Co., Ltd., Revises Under Review Status to Developing Implications

Retrieved on: 
Friday, December 2, 2022

Concurrently, the under review status of these Credit Ratings (ratings) has been revised to developing implications from negative.

Key Points: 
  • Concurrently, the under review status of these Credit Ratings (ratings) has been revised to developing implications from negative.
  • Given Hotai Insurances cash and cash equivalents, and liquid investments, AM Best views the company as being equipped with adequate liquidity to fulfil its claims obligations.
  • 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 specialising in the insurance industry.

AM Best Revises Issuer Credit Rating Outlook to Negative for Lancashire Holdings Limited and Its Subsidiaries; Affirms Credit Ratings

Retrieved on: 
Friday, December 2, 2022

Additionally, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of bbb+ (Good) of the parent company, Lancashire Holdings Limited (Lancashire Holdings) (Hamilton, Bermuda) [LSE: LRE].

Key Points: 
  • Additionally, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of bbb+ (Good) of the parent company, Lancashire Holdings Limited (Lancashire Holdings) (Hamilton, Bermuda) [LSE: LRE].
  • The Credit Ratings (ratings) reflect Lancashires balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Ayr Wellness’ Three New Jersey Retail Locations Now Operating as AYR

Retrieved on: 
Friday, December 2, 2022

MIAMI, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (Ayr'' or the Company), a leading vertically integrated U.S. multi-state cannabis operator (MSO), today announces its three retail locations in New Jersey, formerly known as Garden State Dispensary, are now operating under the AYR dispensary name.

Key Points: 
  • MIAMI, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (Ayr'' or the Company), a leading vertically integrated U.S. multi-state cannabis operator (MSO), today announces its three retail locations in New Jersey, formerly known as Garden State Dispensary, are now operating under the AYR dispensary name.
  • Having made progress in these key areas, were now focused on building one-to-one relationships with our patients and customers as AYR.
  • Ayrs three New Jersey dispensaries are in prime locations in the towns of Woodbridge, Union, and Eatontown, all within Central New Jersey, a region of 3.4 million people.
  • The newly transitioned New Jersey locations join Massachusetts and Pennsylvania as AYR-branded stores, with its Florida stores to transition in Spring 2023.

Austral Gold Begins Drilling at Jaguelito in Argentina

Retrieved on: 
Friday, December 2, 2022

Austral Gold's Chief Executive Officer, Stabro Kasaneva said: "As part of our strategic alliance with Mexplort, we are pleased to announce the start of our first phase of drilling at the Jaguelito project.

Key Points: 
  • Austral Gold's Chief Executive Officer, Stabro Kasaneva said: "As part of our strategic alliance with Mexplort, we are pleased to announce the start of our first phase of drilling at the Jaguelito project.
  • Austral plans to complete the First Stage of approximately 5,000m of diamond drilling (DDH) in 15 to 20 holes at Jaguelito Norte and Jaguelito Sur.
  • - At Jaguelito Norte, five drilling targets have been identified and in this stage at least three targets are expected to be tested with 3,500 meters of DDH drilling.
  • Progress is being made in the delineation process and our objective is to define drilling targets to be tested with 1,500 meters of drilling.

Restaurant Brands International and McWin to Grow Iconic Burger King® and Popeyes® brands in Eastern Europe

Retrieved on: 
Friday, December 2, 2022

ZUG, Switzerland, Dec. 2, 2022 /PRNewswire/ -- Today, Restaurant Brands International (TSX: QSR) (NYSE: QSR) ("RBI") and McWin, one of the most reputable operators in Europe, are excited to announce that affiliates of McWin have acquired exclusive master franchise and development rights to develop the Burger King and Popeyes brands in several countries in Eastern Europe, with new restaurants to open in 2023.

Key Points: 
  • "We're thrilled to have reached this milestone with McWin, and we are confident that their strong experience in developing businesses will translate to successful expansions of our iconic brands in Eastern Europe," said David Shear, President International of Restaurant Brands International Inc., parent company of Burger King and Popeyes.
  • This is a big step in our ambitious expansion journey for these brands, and we're excited to keep growing our footprint acrossEastern Europe."
  • "We are excited to continue to strengthen McWin's leadership position in Europe, where we see significant growth opportunities and incorporating strong premium brands in our 1,300 growing restaurant portfolio, such as Burger King and Popeyes," Henry McGovern, Co-Founder of McWin, commented.
  • RBI owns four of the world's most prominent and iconic quick service restaurant brands TIM HORTONS, BURGER KING, POPEYES, and FIREHOUSE SUBS.

AM Best Upgrades Credit Ratings of Triple-S Propiedad, Inc.

Retrieved on: 
Thursday, December 1, 2022

The Credit Ratings (ratings) reflect TSPs balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management (ERM).

Key Points: 
  • The Credit Ratings (ratings) reflect TSPs balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.