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KBRA Assigns AA Rating, Stable Outlook to the Department of Water and Power of the City of Los Angeles, CA Power System Revenue Bonds, 2026 Series C

Lastest from Businesswire - Thu, 09/17/2026 - 21:59
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AA to the Department of Water and Power of the City of Los Angeles, CA ("LADWP") Power System Revenue Bonds, 2026 Series C. The Outlook is Stable. The long-term rating reflects the stable operating and financial performance of LADWP's Power System. LADWP is the exclusive provider of electric and water utility services within the City of Los Angeles. The Power System provides energy, transmission and distribution services to approxima

Innovator ETFs® Announces Liquidation of an Exchange-Traded Fund

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
WHEATON, Ill.--(BUSINESS WIRE)--Innovator Capital Management, LLC (“Innovator”), the investment adviser for the Innovator Uncapped Bitcoin 20 Floor ETF® — Quarterly (the “Fund”), announced today that the Fund’s Board of Trustees, at the recommendation of Innovator, has approved a plan of liquidation for the Fund (the “Plan”). Under the Plan, which is effective as of September 16, 2026, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashio

AM Best Upgrades Credit Ratings of Bupa Insurance Company

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of Bupa Insurance Company (BIC) (Palmetto Bay, FL). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect BIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile, appropriate enterprise risk managem

KBRA Releases Research – Reinsurance Relief: Will P&C Insurers Bank the Savings or Take More Risk?

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases research examining the credit implications of the meaningful shift in property-catastrophe reinsurance pricing and terms in favor of property and casualty (P&C) insurers. Abundant traditional and alternative capital, strong reinsurer balance sheets, and increased competition have contributed to declining pricing and improved terms through the 2026 renewal season, after several years of rising reinsurance costs, constrained capacity, and higher attach

New California Disaster Rebuilding Assistance Program to Help Keep Homeowners in Their Communities

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
SACRAMENTO, Calif.--(BUSINESS WIRE)--Following Governor Gavin Newsom's announcement of the new Disaster Rebuilding Assistance Program, CalHFA, the state agency administering the program, released program details. "Many families are still navigating the challenges and trauma that follow the loss of a home," said CalHFA Executive Director Tony Sertich. "The state is here to support their recovery and help them rebuild their homes and communities." As more disaster survivors are transitioning from

Rithm Capital Appoints Ann DeVries as Head of Investor Relations

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, “Rithm” or the “Company”), a global alternative asset manager, today announced that Ann DeVries has joined the firm as Head of Investor Relations. In this role, Ms. DeVries will lead the development and execution of Rithm’s investor relations strategy, overseeing engagement with current and prospective shareholders and the sell-side analyst community. Working closely with senior leadership and teams across the platform, she will commun

Stensul Brings Governed Creation to Salesforce Marketing Cloud Next

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
NEW YORK--(BUSINESS WIRE)--Stensul, the Governed Creation™ Platform for enterprise marketing, today announced the beta availability of an integration with Marketing Cloud Next, building on its longstanding support for Salesforce. The new integration gives enterprise marketing teams and AI agents a governed way to create and personalize email campaigns using Salesforce audiences and data, without exposing underlying customer information to campaign builders. Teams can assemble campaign content a

AM Best Revises Outlooks to Stable for Genworth Financial Group’s Members; Affirms Credit Ratings of Genworth Financial, Inc. and Genworth Life and Annuity Insurance Company

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “b+” (Marginal) of Genworth Life Insurance Company (GLIC) (Wilmington, DE) and Genworth Life Insurance Company of New York (GLICNY) (New York, NY). These companies are referred to as Genworth Financial Group. In addition, AM Best has affirmed the FSR of B- (Fair) and the Long-Term IC

KBRA Assigns Ratings to First Merchants Corporation

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Muncie, Indiana-based First Merchants Corporation (“FRME” or “the company”). In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to its main subsidiary, First Merchants Bank (“the bank”). The Outlook for all long-term ratings is Stable. Key

DTF Tax-Free Income 2028 Term Fund Inc. Announces Distributions

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
CHICAGO--(BUSINESS WIRE)--DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) (the “Fund”), a closed-end fund advised by Duff & Phelps Investment Management Co. (the “Investment Adviser”), today announced the following distributions on the Fund’s common stock: Per Share Amount Ex-Date Record Date Payable Date $0.0325 October 15, 2026 October 15, 2026 October 29, 2026 $0.0325 November 16, 2026 November 16, 2026 November 27, 2026 $0.0325 December 15, 2026 December 15, 2026 December 30, 2026 T

Accelerate Completes Second Infrastructure Asset-Backed Securitization Amid Strong Institutional Demand

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
DALLAS--(BUSINESS WIRE)--Accelerate Infrastructure Opportunities (Accelerate), a leading infrastructure site investor backed by CBRE Investment Management, today announced the closing of a $450 million asset-backed securitization (ABS), the company’s second institutional ABS issuance in less than two years. The transaction was privately placed, receiving strong interest from institutional investors, reflecting the durability and contracted nature of the underlying cash flows. The notes are back

Chimera Declares $0.45 Per Share Third Quarter 2026 Common Stock Dividend

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation (“Chimera”) has declared its third quarter cash dividend of $0.45 per common share, consistent with dividends for the first and second quarters of 2026 and in line with the Board’s previously stated expectation to maintain the $0.45 quarterly dividend throughout 2026. The dividend is payable on October 30, 2026 to common shareholders of record on September 30, 2026. The ex-dividend date is September 30, 2026. Ab

OFS Credit Company Announces Financial Results for the Third Fiscal Quarter 2026

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI, OCCIN, OCCIM) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced its financial results for the fiscal quarter ended July 31, 2026. THIRD QUARTER HIGHLIGHTS Net investment income (“NII”) of $4.2 million, or $0.14 per common share, for the fiscal quarter ended July 31, 2026. This compares to NII of $4.

DNP Select Income Fund Inc. Announces Distributions

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
CHICAGO--(BUSINESS WIRE)--DNP Select Income Fund Inc. (NYSE: DNP) (“the Fund”), a closed-end fund advised by Duff & Phelps Investment Management Co. (the “Investment Adviser”), today announced the following distributions on the Fund’s common stock: Per Share Amount Ex-Date Record Date Payable Date $0.065 October 30, 2026 October 30, 2026 November 10, 2026 $0.065 November 30, 2026 November 30, 2026 December 10, 2026 $0.065 December 31, 2026 December 31, 2026 January 11, 2027 The Fund adopted

JPMorganChase to Host Third-Quarter 2026 Earnings Call

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
NEW YORK--(BUSINESS WIRE)--As previously announced, JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) will host a conference call to review third-quarter 2026 financial results on Tuesday, October 13, 2026 at 8:30 a.m. (ET). The results are scheduled to be released at approximately 7:00 a.m. (ET). The live audio webcast and presentation slides will be available on www.jpmorganchase.com under Investor Relations, Events & Presentations. JPMorganChase will notify the public

Independent Bank Corp. Announces Quarterly Dividend

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
ROCKLAND, Mass.--(BUSINESS WIRE)--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.64 per share dividend. The dividend will be payable on October 9, 2026, to stockholders of record as of the close of business on September 28, 2026. ABOUT INDEPENDENT BANK CORP. Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headq

Oregon Pacific Bank Welcomes Dan Petrillo to Board of Directors

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
FLORENCE, Ore.--(BUSINESS WIRE)-- #InvestorRelations--Oregon Pacific Bank today announced the appointment of Dan Petrillo, President and Chief Executive Officer of LaPorte Insurance, to its Board of Directors. Petrillo brings more than two decades of leadership experience across insurance, risk management, workplace safety, and community service. As President and CEO of LaPorte Insurance, he leads one of Oregon's largest locally held independent insurance agencies, guiding the firm's continued growth while building

BitGo Appoints Alex Rozman as Chief Compliance Officer

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
NEW YORK--(BUSINESS WIRE)--BitGo Holdings, Inc. (NYSE: BTGO) ("BitGo" or the "Company"), the digital asset infrastructure company, today announced the appointment of Alex Rozman as Chief Compliance Officer, effective as of September 21, 2026. In this role, Mr. Rozman will oversee BitGo's enterprise-wide compliance and financial crime programs, leading engagement with regulators, examiners, and banking authorities across BitGo's legal entities globally. Mr. Rozman is a seasoned risk, legal and c

Amerant Bancorp Inc. Announces Closing of Senior Notes Due 2031

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
CORAL GABLES, Fla.--(BUSINESS WIRE)--AMERANT BANCORP INC. (NYSE: AMTB) (the “Company”) today announced the closing of its previously announced registered offering of $50 million aggregate principal amount of 7.00% Senior Notes due 2031 (the “Notes”). The Notes bear interest at 7.00% per annum, payable semi-annually in arrears on March 17 and September 17 of each year, commencing on March 17, 2027. The Notes are unsecured and unsubordinated, rank equally in priority among themselves and with all

Everlaw Announces Plugin with ChatGPT Enterprise

Lastest from Businesswire - Thu, 09/17/2026 - 18:59
OAKLAND, Calif.--(BUSINESS WIRE)--Everlaw, the AI-powered litigation and investigation platform, today announced a plugin for ChatGPT Enterprise that gives legal teams the ability to work with their case evidence directly from ChatGPT while leveraging Everlaw's platform.Litigation and investigation records are typically large, fragmented, and hard to make sense of on their own — spread across email, chat, spreadsheets, transcripts, and other files, with metadata and matter context that shape wha

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