S.A

AM Best Removes From Under Review with Negative Implications and Affirms Credit Ratings of Mercantil Seguros y Reaseguros, S.A.

Retrieved on: 
Thursday, November 9, 2023
Professional Services, Insurance, Finance, Return on equity, Capital Bank, Pressure, Acquisition, Mercantil Servicios Financieros, Risk management, Credit, AM Best, Health, Good, News, ALL, Security (finance), S.A

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) (domiciled in Panama).

Key Points: 
  • AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) (domiciled in Panama).
  • Mercantil Holding Financiero Internacional, S.A. runs the group’s international operations and is controlled by ultimate parent Mercantil Servicios Financieros Internacional, S.A. (MSFI).
  • The under review with negative implications status pertained to the uncertain impact on Mercantil Seguros from MSFI’s post-transaction capital structure, as well as integration risk.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

AM Best Removes From Under Review with Negative Implications and Affirms Credit Ratings of Mercantil Reaseguradora Internacional, S.A.

Retrieved on: 
Thursday, November 9, 2023
Insurance, Professional Services, Return on equity, Capital Bank, Pressure, Mercantil Servicios Financieros, ERM, Credit, AM Best, Good, News, ALL, Security (finance), Risk management, S.A

The outlook assigned to these Credit Ratings (ratings) is negative.

Key Points: 
  • The outlook assigned to these Credit Ratings (ratings) is negative.
  • Mercantil Holding Financiero Internacional, S.A. runs the group’s international operations and is controlled by ultimate parent Mercantil Servicios Financieros Internacional, S.A. (MSFI).
  • The under review with negative implications status pertained to the uncertain impact on Mercantil Re from MSFI post-transaction capital structure, as well as integration risk.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

HABANOS, S.A. PRESENTED THE WORLD PREMIERE OF THE NEW VITOLA EL REY DEL MUNDO ROYAL SERIES IN CYPRUS

Retrieved on: 
Friday, December 8, 2023
City, Michelin, General Cigar Company, Congo, Multimedia, Smoke, Music, Light, Partnership, Mouth, Taste, Democratic republic, Fashion design, Perfume, Habano, S.A

Cyprus, in presence of more than 450 guests

Key Points: 
  • Cyprus, in presence of more than 450 guests
    HAVANA, Dec. 8, 2023 /PRNewswire/ -- Habanos, S.A., through its exclusive distributor, Phoenicia T.A.A.
  • Cyprus, presented the new vitola of its brand El Rey del Mundo, Royal Series (50 ring gauge x 155 mm length).
  • The launch of this new vitola was also the perfect excuse to celebrate 15 years of fruitful business partnership between Habanos, S.A. and Phoenicia T.A.A.
  • All of this took place at the same time as guests had the opportunity to taste, for the first time, the new vitola El Rey del Mundo Royal Series, a product designed for the La Casa del Habano network of specialized shops under franchise.

HABANOS, S.A. PRESENTED THE WORLD PREMIERE OF THE NEW VITOLA EL REY DEL MUNDO ROYAL SERIES IN CYPRUS

Retrieved on: 
Friday, December 8, 2023
City, Michelin, General Cigar Company, Congo, Smoke, Music, Light, Partnership, Mouth, Taste, Democratic republic, Fashion design, Perfume, Habano, S.A

Cyprus, in presence of more than 450 guests

Key Points: 
  • Cyprus, in presence of more than 450 guests
    HAVANA, Dec. 8, 2023 /PRNewswire/ -- Habanos, S.A., through its exclusive distributor, Phoenicia T.A.A.
  • Cyprus, presented the new vitola of its brand El Rey del Mundo, Royal Series (50 ring gauge x 155 mm length).
  • The launch of this new vitola was also the perfect excuse to celebrate 15 years of fruitful business partnership between Habanos, S.A. and Phoenicia T.A.A.
  • Also in attendance were the co-presidents of Habanos, S.A., Mrs. Maritza Carillo González and Mr. Luis Sánchez-Harguindey Pardo de Vera.

Luca Mining's Upgrade Initiative at Campo Morado Gets Financial Boost with New Funding Package

Retrieved on: 
Wednesday, December 6, 2023
TSX Venture Exchange, Private placement, S.A, Treasury, Warrant, Investment, Acceleration, Copper, CAD, Expiration date, Zinc, Element, Unit, Expiry Date (miniseries), Private, News, Russell Latapy, Trafigura, Security (finance), Uranium mining, Mining, Bank

The optimization program at Campo Morado is a major initiative and is expected to result in fundamental improvements in productivity, operational efficiency and cashflow.

Key Points: 
  • The optimization program at Campo Morado is a major initiative and is expected to result in fundamental improvements in productivity, operational efficiency and cashflow.
  • Luca expects revenues from Campo Morado to increase by approximately 40% as a result of the optimization program.
  • Mike Struthers, CEO, commented, "This is a transformational initiative for Campo Morado.
  • I am confident that under this initiative we will be adding considerable value to the bottom line at Campo Morado, and hence to Luca as a whole."

CPKC statement on Mexican Federal Government draft decree on passenger service

Retrieved on: 
Friday, November 17, 2023
Concession, Earthquake, Mexican Federal Highway 47D, Perception, Carbon, Terrorism, Violence, NYSE, Climate change, Flood, S.A, Investment, Risk, CPKC, Tax, Insurance, Public expenditure, Weather, The, Data collection, COVID-19, Conversation, Analysis, Operation, Growth, KCS, Public opinion, CP, TSX, Financial condition report, News, Drought, Crime, Result, Transport, Rail transport

CALGARY, BC, Nov. 17, 2023 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today issued the following statement on the draft decree concerning passenger rail service in Mexico issued by the Mexican Federal Government:

Key Points: 
  • CALGARY, BC, Nov. 17, 2023 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today issued the following statement on the draft decree concerning passenger rail service in Mexico issued by the Mexican Federal Government:
    CPKC is reviewing the draft decree and remains directly engaged with the Mexican Federal Government regarding potential passenger rail service on certain existing freight rail corridors.
  • The draft decree, which is expected to become effective by November 20, 2023, also identifies the San Luis Potosí-Monterrey-Laredo corridor for the proposed passenger rail service.
  • As required by our concession, CPKC de México will work closely with the Mexican Federal Government to evaluate passenger service on that corridor.
  • The draft decree emphasizes that the public freight rail service will be respected and as such, we do not expect an adverse impact on our concession.

FIBRA Macquarie México Announces Ordinary and Extraordinary Holders’ Meeting

Retrieved on: 
Thursday, November 9, 2023
Commercial Building & Real Estate, Construction & Property, REIT, ACT, Agenda, Attention, Macquarie Group, Treasury, Global Certification Commission, Av, Meeting, Trustee, Eric Holder, II, Telephone, Publication, Business analyst, Deposit Insurance and Credit Guarantee Corporation, Commonwealth, AS, OR, Trust, Mexican Stock Exchange, Paseo de la Reforma, City, Risk, Common, RNV, BMV, AND, S.A, Medical device, Security (finance)

The Call Notice and materials to be presented at the Meeting will be available in FIBRA Macquarie’s website at www.fibramacquarie.com .

Key Points: 
  • The Call Notice and materials to be presented at the Meeting will be available in FIBRA Macquarie’s website at www.fibramacquarie.com .
  • FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties.
  • The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank.
  • Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities.

Grupo Aeroportuario del Pacifico Announces the Drawdown of Ps. 1.5 billion From a Credit Facility

Retrieved on: 
Wednesday, November 8, 2023
Mercado, Sarbanes–Oxley Act, PAC, NYSE, Norman Manley International Airport, Grupo Aeroportuario del Pacífico, Fondo Mexicano del Petroleo para la Estabilizacion y el Desarrollo, Interest, Airport, GAP, Mexican Stock Exchange, WhatsApp, City, Sangster International Airport, BMV, Sarbanes, Audit committee, Bank, S.A

de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that today made a drawdown of Ps.

Key Points: 
  • de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that today made a drawdown of Ps.
  • 1.5 billion from a credit facility with Banco Santander México, S.A., at a 12-month term.
  • Interest will be payable monthly at a variable rate of TIIE-28 plus 38 basis points, and principal payment due upon maturity, without fees.
  • 1.5 billion credit facility with Scotiabank Inverlat, S.A., which matures today.

AM Best Affirms Credit Ratings of Tokio Marine HCC Mexico Compañía Afianzadora, S.A. de C.V.

Retrieved on: 
Tuesday, November 7, 2023
Banking, Professional Services, Insurance, Finance, Tokio Marine HCC, Tokio Marine, TMX, Policy, AM Best, Credit, News, MXN, AM, ERM, Risk, USD, S.A, ALL, Risk management, Reinsurance, Bank, HC

AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating of “a” (Excellent) and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Tokio Marine HCC Mexico Compañía Afianzadora, S.A. de C.V. (TMHCC Mexico) (Mexico City, Mexico).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating of “a” (Excellent) and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Tokio Marine HCC Mexico Compañía Afianzadora, S.A. de C.V. (TMHCC Mexico) (Mexico City, Mexico).
  • HC and TMHCC Mexico also have a sister company, Tokio Marine Compañía de Seguros, S.A. de C.V. (TMX), which is domiciled in Mexico.
  • 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 Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

EQS-News: Biotest increases EBIT to Euro 125.4 million in the first nine months of 2023

Retrieved on: 
Tuesday, November 7, 2023
Knowledge, FDA, Board of Management St. Molaga's National School v The Secretary General of the Department of Education and Science, Plasma, Technology transfer, Tax, III, Biologics license application, SCAP, US Foods, Factor, Research, EBIT, PID, Phase, Fibrinogen, Marketing, ITP, S.A, Management, Patient, BLA, Bank, Pharmaceutical industry

This development is due to the higher income taxes in connection with the earnings effect from technology disclosure and development services.

Key Points: 
  • This development is due to the higher income taxes in connection with the earnings effect from technology disclosure and development services.
  • This is equivalent to earnings per ordinary share of € 2.22 compared with € - 0.87 in the same period of the previous year.
  • In September 2023, Biotest also reached an important milestone in the marketing authorisation process for Yimmugo in the USA.
  • This revenue growth is enabled by the commissioning of the Yimmugo® production facility within Biotest Next Level.