Financial services
AM Best, a global credit rating agency, has issued a news release assigning a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of "bbb+" (Good) to MTM Assurance Ltd. (MTM) (Barbados). This rating reflects MTM's balance sheet strength, operating performance, business profile,
Stock offerings
QALA For Financial Investments, a key player in the non-bank financial services sector, has released its latest financial metrics and trading activity details. The preferred shares of the company have a par value of 5 Egyptian Pounds, with a total of 401.74 million shares issued, contributing to a paid
Stock offerings
SADAFCO, a prominent Saudi Exchange company, showcased strong financial metrics on July 15, 2025, with a net income of SAR 483.06 million and a shareholders' equity of SAR 1.65 billion. The company's market capitalization stands at SAR 9.01 billion, and its earnings per share
Stock offerings
On July 15, 2025, the Saudi Exchange's Main Market experienced significant financial activity, with substantial figures across various financial metrics. The market's issued shares stood at 342,169.49 million, contributing to a remarkable market capitalization of 9.18 trillion SAR. The net income reported was
Financial services
The Harris County Flood Control District, Texas Improvement Bonds Refunding Bonds Series 2025, Contract Tax Refunding Bonds Series 2025A, and outstanding Contract Tax Obligations have been assigned a long-term rating of AAA by Kroll Bond Rating Agency, LLC. This rating is also reflected in the affirmation of the long-term rating
Financial services
GreenSky Home Improvement Issuer Trust 2025-2 ("GSKY 2025-2") has been assigned preliminary ratings by Kroll Bond Rating Agency, LLC (KBRA) for five classes of notes totaling $681.009 million. The securitization is collateralized by a pool of approximately $750 million consumer loans used for home improvements originated by
Financial services
Traders remain cautious in the late afternoon session as they await the outcome of anticipated India-US trade deal negotiations, with investors adopting a wait-and-watch approach. Despite this caution, Cement stocks have seen significant gains following a report from rating agency Crisil, which estimated India's cement demand growth to
Financial services
Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to eight classes of notes issued by Westlake Automobile Receivables Trust 2025-2 (WLAKE 2025-2), an asset-backed securitization collateralized by a pool of auto loans. The ratings reflect initial credit enhancement of 41.25% for the Class A-1, Class A-2, and Class
Financial services
The U.S. solar asset-backed securities market has experienced significant growth over the past three years, but the recently passed One Big Beautiful Bill Act (OBBBA) is creating uncertainty across the industry. The OBBBA has rolled back several clean energy incentives introduced under the Inflation Reduction Act, which were a
Financial services
Azerbaijan has earned a major credit boost as Moody's, a top international rating agency, upgrades its sovereign credit rating from Ba1 to Baa3 (investment grade). This positive move reflects Azerbaijan's progress in overcoming its reliance on the hydrocarbons sector, thanks to ongoing reforms aimed at strengthening
Financial services
Boston-based AI-based fintech company Lendbuzz has successfully closed a $266 million securitization collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans. This transaction marks another significant milestone for Lendbuzz, with the company having completed over $2.1
Financial services
Emkay Global, a brokerage house, has initiated coverage on HDB Financial Services with a Buy rating, citing strong growth prospects and HDFC Bank backing. The broker has a target price of Rs 900, implying an upside of almost 22%. HDB Financial Services has a diversified and granular lending franchise, with
