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KBRA Assigns AAA, Stable Outlook to State of Wisconsin Transportation Revenue Refunding Bonds

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term AAA rating with a Stable Outlook to the Transportation Revenue Refunding Bonds, 2025 Series 1 to be issued by the State of Wisconsin ("the State"). Concurrently, KBRA affirms the long-term AAA rating, with a Stable Outlook on approximately $1.4 billion of outstanding Transportation Revenue Bonds (TRBs). TRBs are secured by a first lien pledge of Program Income, including vehicle Registration Fees and Other Registration-Related fees. Proceeds o

Hunt Capital Partners Closes $15.4 Million in Federal and State LIHTC Financing for More Affordable Housing on Maui

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
KĪHEI, Hawaii--(BUSINESS WIRE)-- #LIHTC--Hunt Capital Partners Closes $15.4 Million in Federal and State LIHTC Financing to Create More Affordable Housing for Families on Maui

EDS Service Solutions Expands Workforce Solutions in 2025, Transforming Car Rental & Hospitality Sectors

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
ATLANTA--(BUSINESS WIRE)-- #CarRentalIndustry--EDS Service Solutions is stepping into 2025 with a bold vision for growth, expansion and innovation. As a leader in workforce management for the car rental industry, EDS is evolving to meet the demands of an ever-changing market. With a sharp focus on operational excellence, client success and cutting-edge workforce solutions, the company is laying the groundwork for its most ambitious year yet. Building on its strong foundation in the travel sector, EDS is expanding i

The Bancorp, Inc. (TBBK) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ: TBBK) investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN THE BANCORP, INC. (TBBK), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at

FTK Awarded Alaska LIHTC Project

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
ALLEN, Texas--(BUSINESS WIRE)-- #FTKConstructionServices--FTK Construction Services has been awarded the contract for a preservation project for a property in Fairbanks, Alaska.

AM Best Revises Outlooks to Positive for Members of Grange Insurance Group

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Grange Insurance Association and its fully reinsured subsidiary, Granwest Property & Casualty. Both companies are domiciled in Seattle, WA and are collectively known as Grange Insurance Group (Grange). The Credit Ratings (ratings) reflect Grange’s balance sheet strength, which AM Best ass

Baron & Budd and Diab Chambers File Lawsuits on Behalf of Five Public Entities Against Southern California Edison to Recover Public Resources and Infrastructure Damaged by the Eaton Fire

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
LOS ANGELES--(BUSINESS WIRE)--Today, the nationally recognized law firm of Baron & Budd P.C. alongside Diab Chambers LLP filed lawsuits on behalf of the County of Los Angeles, the Los Angeles County Flood Control District, the Consolidated Fire Protection District of Los Angeles County, the City of Pasadena, and the City of Sierra Madre against Southern California Edison for damages to public resources and infrastructure caused by the January 7, 2025 Eaton Fire. The lawsuits, filed today in

Noted Family Office Leader Stephan Roche Joins BanyanGlobal Family Business Advisors Partnership Group

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
BOSTON--(BUSINESS WIRE)--Today, BanyanGlobal Family Business Advisors announced that Stephan Roche, former CEO of Walton Enterprises and COO of Cascade Asset Management – the private investment office for Bill Gates and the Gates Foundation – has joined BanyanGlobal Family Business Advisors as Partner. Stephan previously worked with Banyan as both a client and Senior Advisor prior to joining the firm. Along with his leadership roles at two of the world’s largest family offices, Stephan also ser

AM Best Assigns Issue Credit Rating to Ameriprise Financial, Inc.’s New Senior Unsecured Notes

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the recently announced $750 million, 5.2% 10-year senior unsecured notes, due Feb. 25, 2035, issued by Ameriprise Financial, Inc. (Ameriprise Financial) (headquartered in Minneapolis, MN) [NYSE: AMP]. The outlook assigned to this Credit Rating (rating) is stable. The proceeds from Ameriprise Financial’s recent $750 million debt issuance are expected to be used for general corporate purpos

KBRA Releases Monthly CMBS Trend Watch

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases the February 2025 issue of CMBS Trend Watch. The appetite for U.S. private label CMBS issuance remained strong in February as 17 deals priced for a total volume of $18.3 billion, more than doubling January’s issuance of $7.9 billion. On a year-over-year (YoY) basis, issuance is higher by 196.3% with no likely slowdown on the horizon. Based on our current visibility, up to 22 rated deals could launch in March, including 10 single borrower (SB), seven cond

KBRA Assigns Preliminary Ratings to Tricolor Auto Securitization Trust 2025-1

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to five classes of notes issued by Tricolor Auto Securitization Trust 2025-1 (“TAST 2025-1”), a subprime auto loan ABS transaction. TAST 2025-1 will issue five classes of notes totaling $328.100 million, where credit enhancement consists of overcollateralization, subordination of junior note classes (except for the Class E notes), a cash reserve account, and excess spread. The transaction has initial credit enhancement ranging from 44.

Best’s Review® Releases Digital Supplement on Captive Insurers

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
OLDWICK, N.J.--(BUSINESS WIRE)--Best's Review magazine has released a new online supplement­­­ that explores the expansion of captive insurers around the globe. Read now. The supplement features stories on: Proposed changes to the Alternative Risk Transfer ratings criteria. How many single-parent captives are being repurposed for broader risks. How captives can be an efficient choice for enterprise risk management in hard markets. The flexibility and low capital needs of cell captives. In addit

Securities Fraud Investigation Into The Bancorp, Inc. (TBBK) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ: TBBK) on behalf of investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON THE BANCORP, INC. (TBBK), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On March 21, 2024, Culper Research published a report alleging, among ot

KBRA Assigns Preliminary Ratings to ACHV ABS Trust 2025-1PL

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to five classes of notes issued by ACHV ABS Trust 2025-1PL (“ACHV 2025-1PL”), a $193.46 million consumer loan asset-backed securities transaction. The preliminary ratings reflect initial credit enhancement levels of 71.75% for the Class A notes, 48.25% for the Class B notes, 34.00% for the Class C notes, 20.75% for the Class D notes and 10.50% for the Class E notes. Credit enhancement consists of overcollateralization, subordination (e

Bissinger, Oshman, Williams & Strasburger Earns Chambers Recognition

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
HOUSTON--(BUSINESS WIRE)--The trial firm Bissinger, Oshman, Williams & Strasburger LLP (BOWS) has again earned recognition among Houston’s top commercial litigation firms from Chambers Texas Spotlight 2025. The selection among Houston’s leading boutique and midsize trial firms is the third for BOWS based on its work in matters involving private equity, energy, trade secrets and employment covenants, hedge funds, financial derivatives, corporate governance disputes, bankruptcy litigation, in

YunoJuno Announces First Profitable Quarter in Q4 2024, Cementing Position as Leading Compliant Freelancer Management Platform

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
LONDON--(BUSINESS WIRE)--YunoJuno, the leading freelancer management platform, announces first profitable quarter in Q4 2024 after global expansion and US revenue tripling.

Federal Home Loan Bank of Dallas and Red River Bank Award $145K in Grants to Three Louisiana Nonprofits

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
METAIRIE, La.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $145,080 in Heirs’ Property Program grants to Southeast Louisiana Legal Services ($100,000), East St. Tammany Habitat for Humanity ($20,080) and the United Way of Southeast Louisiana ($25,000) at a ceremonial check presentation recently. The funds, awarded through FHLB Dallas member Red River Bank, will be used to assist residents to resolve heirs’ property title issues in Louisiana. East St. Tammany Habi

PLAYA HOTELS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Playa Hotels & Resorts N.V. - PLYA

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Playa Hotels & Resorts N.V. (NasdaqGS: PLYA) to Hyatt Hotels Corporation (NYSE: H). Under the terms of the proposed transaction, shareholders of Playa will receive $13.50 in cash for each share of Playa that they own. KSF is seeking to determine whether this consideration and the process th

Don’t Fall for These Credit Card Myths

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
PHOENIX--(BUSINESS WIRE)--Credit cards are essential tools in today’s financial landscape, offering purchase flexibility and a path to establish good credit. But there’s a downside, too, and consumers who don’t understand how credit card use impacts their credit scores and greater financial outlook could find themselves in trouble. “Getting a credit card is easy, but building a solid credit history and avoiding the temptation to overspend is trickier,” said Manuel Salazar, chief executive offic

Chilton Trust Hires Henry Davison in Latest Series of Advisory Talent Acquisitions

Lastest from Businesswire - Wed, 03/05/2025 - 15:54
NEW YORK--(BUSINESS WIRE)--Chilton Trust, a leading privately owned, independent wealth management firm and national trust bank, today announced that Henry Davison, former Managing Director at Bessemer Trust, has joined as a Managing Director, Senior Wealth Advisor in the New York City office. Mr. Davison brings over forty years of experience serving ultra-high-net-worth individuals, advising clients on global strategic asset allocation and providing comprehensive wealth management strategies.

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