S&P Global Ratings

Kelly Foundation announces Habitat for Humanity of Greater Sacramento as 2021 Major Gift Award winner

Thursday, September 23, 2021 - 2:05pm

SACRAMENTO, Calif., Sep. 23, 2021 /PRNewswire-PRWeb/ --The Kelly Foundation has announced Habitat for Humanity of Greater Sacramento as the recipient of its 2021 Major Gift Award.

Key Points: 
  • SACRAMENTO, Calif., Sep. 23, 2021 /PRNewswire-PRWeb/ --The Kelly Foundation has announced Habitat for Humanity of Greater Sacramento as the recipient of its 2021 Major Gift Award.
  • #corporatephilanthropy
    "The Kelly Foundation Major Gift award represents a huge leap forward for the Cornerstone Development project," said Laine Himmelmann, Chief Development Officer of Habitat for Humanity of Greater Sacramento.
  • During the next three years, Habitat for Humanity of Greater Sacramento plans to engage more than six thousand volunteers in the multi-phase construction effort.
  • Since merging with the RCB Foundation in 2009, the Kelly Foundation, of which River City Bank remains a major contributor, focuses on giving back to the greater Sacramento region through charitable donations.

FNB Delivers More Than $7 Million for Hill District in Pittsburgh

Wednesday, September 22, 2021 - 5:30pm

Corporation (NYSE: FNB) announced it has delivered an initial payment of nearly $7.2 million to the Greater Hill District Reinvestment Fund to support community investment and development.

Key Points: 
  • Corporation (NYSE: FNB) announced it has delivered an initial payment of nearly $7.2 million to the Greater Hill District Reinvestment Fund to support community investment and development.
  • With a long history of service to the community, FNB's total investment in the Hill District is in excess of $200 million in loans, investments and grants.
  • The Company will continue to deepen its support in the Hill District and Pittsburgh region overall as the FNB Financial Center development progresses, with completion anticipated in 2023.
  • Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia.

QBE Helps Homeowners Avoid Common Water Losses with AI-Assisted Technology

Wednesday, September 22, 2021 - 2:49pm

NEW YORK, Sept. 22, 2021 /PRNewswire/ --Water damage is the second most common (at 66 percent) type of non-weather loss experienced by homeowners, according to claims data from QBE North America.

Key Points: 
  • NEW YORK, Sept. 22, 2021 /PRNewswire/ --Water damage is the second most common (at 66 percent) type of non-weather loss experienced by homeowners, according to claims data from QBE North America.
  • Now, QBE is building on this strategic partnership to tackle the key causes of water damage in a home such as a burst pipe, a leaking water valve or a recalled appliance.
  • QBE's data indicates that the average cost of a water damage or freezing claim is about $8,500 per claim.
  • As an example, it helps homeowners find and use the main water shut off valve, which can save significant time, money and heartache when there's a water issue."

S&P Global joins the Net Zero Financial Services Provider Alliance, part of the Glasgow Financial Alliance for Net Zero

Wednesday, September 22, 2021 - 12:01am

NEW YORK, Sept. 21, 2021 /PRNewswire/ --S&P Global has today announced that it is a founding member of the newly launched Net Zero Financial Services Provider Alliance (NZFSPA) .

Key Points: 
  • NEW YORK, Sept. 21, 2021 /PRNewswire/ --S&P Global has today announced that it is a founding member of the newly launched Net Zero Financial Services Provider Alliance (NZFSPA) .
  • The newly launched alliance joins the Glasgow Financial Alliance for Net Zero (GFANZ), part of the UN Race to Zero campaign.
  • Doug Peterson, CEO of S&P Global, said: "The global economic transition to net zero will be realized through a truly collaborative and aligned approach.
  • I am delighted that S&P Global is joining the Net Zero Financial Services Provider Alliance, part of the Glasgow Financial Alliance for Net Zero to support our common goal of a resilient and sustainable future.

S&P upgrades Metalloinvest rating to investment grade

Tuesday, September 21, 2021 - 10:03am

According to S&P's statement, the rating upgrade reflects the Company's commitment to a conservative financial policy and its strong credit metrics, supported by continuous efforts in debt reduction and competitive cost positioning.

Key Points: 
  • According to S&P's statement, the rating upgrade reflects the Company's commitment to a conservative financial policy and its strong credit metrics, supported by continuous efforts in debt reduction and competitive cost positioning.
  • At the same time, S&P has also raised the issue rating on the senior unsecured notes issued by Metalloinvest Finance D.A.C.
  • This rating level mathes the sovereign rating and that of leading public companies in the sector within the S&P universe.
  • "Following the upgrade to 'BBB-' by Fitch in June, the Company now has composite investment grade credit rating, being the only private company in the Russian metals & mining industry with an IG-level."

Columbia Property Trust Announces Achievement of WELL Health-Safety Ratings

Monday, September 20, 2021 - 9:15pm

Columbia Property Trust, Inc. (NYSE:CXP) announced today that it has earned the WELL Health-Safety Rating for seven of its properties, representing 2.4 million square feet across its portfolio.

Key Points: 
  • Columbia Property Trust, Inc. (NYSE:CXP) announced today that it has earned the WELL Health-Safety Rating for seven of its properties, representing 2.4 million square feet across its portfolio.
  • Last week, 799 Broadway in Greenwich Village was awarded a Fitwel 2 Star Rating, and the remaining property certifications are anticipated before year end.
  • Columbia Property Trust (NYSE: CXP) creates value through owning, operating, and developing storied properties for legendary companies in New York, San Francisco, Washington D.C., and Boston.
  • The Columbia team is deeply experienced in asset management and repositioning, leasing, development, transactions, and property management.

ING publishes first integrated climate report

Thursday, September 16, 2021 - 8:01am

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.

Key Points: 
  • ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.
  • The purpose of ING Bank is empowering people to stay a step ahead in life and in business.
  • ING Banks more than 57,000 employees offer retail and wholesale banking services to customers in over 40 countries.
  • ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

DGAP-News: DIC Asset AG prices first Green Bond of EUR 400 million - another building block to finance its growth

Wednesday, September 15, 2021 - 6:25pm

The order book was significantly oversubscribed which lead to an upsizing of EUR 100 million, compared to the initial target volume.

Key Points: 
  • The order book was significantly oversubscribed which lead to an upsizing of EUR 100 million, compared to the initial target volume.
  • "Today's bond marks the next milestone we are clearing as part of our success story in green finance.
  • The Green Bond helps us to further diversify our financial structure and make it even more flexible," adds Patrick Weiden, Chief Capital Markets Officer (CCMO) of DIC.
  • Moreover, the green bond was prepared in line with DIC's Green Bond Framework ("GBF"), which sets out the parameters for placements of bonds with green use of proceeds.

River City Bank expands CRE lending to Texas and several Western states with hire of Curtis Brunton

Wednesday, September 15, 2021 - 2:05pm

SACRAMENTO, Calif., Sep. 15, 2021 /PRNewswire-PRWeb/ -- River City Bank announces the addition of Curtis Brunton as Senior Vice President, Business Development Officer.

Key Points: 
  • SACRAMENTO, Calif., Sep. 15, 2021 /PRNewswire-PRWeb/ -- River City Bank announces the addition of Curtis Brunton as Senior Vice President, Business Development Officer.
  • "Our team at River City Bank has experienced tremendous success in recent years," said Dan Franklin, Director of Commercial Real Estate for River City Bank.
  • TWEET THIS: People on the Move: @RiverCityBank expands CRE lending in #Texas with the announcement of Curtis Brunton as SVP, Business Development Officer based in Austin.
  • #commercialbanking
    "River City Bank has a track record of success in the California market, particularly when it comes to commercial real estate lending," said Curtis Brunton, SVP, Business Development Officer at River City Bank.

QBE North America and Leading Cities Name AcceliCITY Resilience Challenge Finalists

Tuesday, September 14, 2021 - 6:17pm

BOSTON, Sept. 14, 2021 /PRNewswire/ -- Leading Cities , a global nonprofit driving city resiliency and sustainability, in partnership with QBE North America revealed ten of the world's foremost urban technology startups in its QBE AcceliCITY Resilience Challenge finalist line-up.

Key Points: 
  • BOSTON, Sept. 14, 2021 /PRNewswire/ -- Leading Cities , a global nonprofit driving city resiliency and sustainability, in partnership with QBE North America revealed ten of the world's foremost urban technology startups in its QBE AcceliCITY Resilience Challenge finalist line-up.
  • As they do so, QBE and Leading Cities are identifying and advancing the next generation of innovative solutions to achieve these goals.
  • Leading Cities' AcceliCITY program connects startup's smart solutions directly with business users and provides the proper channels and know-how to deploy in cities.
  • Part of QBE Insurance Group Limited, QBE North America reported Gross Written Premiums in 2020 of $4.775 billion.