Finance News

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 9 classes of mortgage pass-through certificates from ADMT 2026-NQM1, a $567.4 million non-prime RMBS transaction sponsored by Atlas A&D Opportunity Fund III LP, with all of the loans being originated by A&D Mortgage, LLC or one of its qualified correspondents. The underlying collateral, comprising 1,368 residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income docum...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Aspida Re Cayman Ltd. (AReC) (Cayman Islands). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect AReC’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). AReC provides rein...

NEW YORK--(BUSINESS WIRE)--BitGo Holdings Inc. (“BitGo”), the digital asset infrastructure company, today announced that it supported iPower Inc. (Nasdaq: IPW) in the execution and custody of its digital asset treasury transactions. iPower completed purchases of Bitcoin (BTC) and Ethereum (ETH) through an account maintained at BitGo Bank & Trust, National Association (“BitGo Bank & Trust”). The transactions were executed using BitGo Prime’s over-the-counter (OTC) trading services, enabl...

SAN RAMON, Calif.--(BUSINESS WIRE)--Wadham Energy LP, the largest rice waste fired biomass power plant in the US, has been sold to High Rock Energy by Enpower Corp....

SUMMIT, N.J.--(BUSINESS WIRE)--Energy Capital Partners (“ECP”), a leading investment firm across energy transition infrastructure, today announced the close of the sale of Symmetry Energy Solutions (“Symmetry” or “the Company”) to NextEra Energy Resources, LLC, a subsidiary of NextEra Energy, Inc. Symmetry is a national natural gas supply, logistics, and asset management platform serving approximately 5,500 large commercial and industrial customers and over 80,000 residential and small commerci...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Colonnade Insurance S.A. (Colonnade) (Luxembourg), a member of the Fairfax Financial Holdings Limited (Fairfax) [TSX: FFH] group of companies. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Colonnade’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA with the Stable Outlook to the State of Maryland's General Obligation Bonds. The rating is underpinned by the State's established track record of conservative budget management; moderate debt and continuing obligations profile; and, a resource base that while slow growing, is characterized by strong educational attainment, structurally low unemployment, and per capita personal income exceeding the national average. The rating pla...

NEW YORK--(BUSINESS WIRE)--A joint venture between Elliott Investment Management L.P. (together with its affiliates, “Elliott”) and Morning Calm Management, LLC (collectively, “MCME Carell”) announced today that MCME Carell has completed its previously announced acquisition of City Office REIT, Inc. (NYSE: CIO) (“City Office REIT” or “CIO”) for $7.00 per share of common stock. As a result of the transaction, CIO’s common stock will no longer be listed on any public market. James Farrar, City Of...

CHICAGO--(BUSINESS WIRE)--The Mather Group (TMG), a leading wealth management firm serving individuals and families nationwide, today announced its partnership with The Hogan-Knotts Financial Group. The Hogan Knotts Financial Group oversees more than $300 million in assets under management and serves a select group of individuals, multi-generational families, and businesses with increasingly sophisticated planning needs. Led by principals Robert Hogan, CFP®, and Timothy Knotts, CFP®, each bring...

RESTON, Va.--(BUSINESS WIRE)--Nacha announced today that Affirmative, a leading provider of ACH risk management, compliance, and fraud monitoring solutions, is now a Nacha Preferred Partner for Compliance/Fraud Monitoring/Risk and Fraud Prevention. Affirmative helps financial institutions implement effective, risk-based oversight aligned with Nacha Operating Rules and regulatory guidance. Affirmative’s solutions provide a centralized view of all electronic payment activity across both originate...