WASHINGTON — Joe Biden began Inauguration Day joining in prayer at a church service with the Democrats’ legislative nemesis, Mitch McConnell, a gesture of unity after four years of division
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Releases Research – The Price of Uncertainty: Final General QM Rule and Its Potential Credit Implications
January 20, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 20, 2021
Kroll Bond Rating Agency (KBRA) discusses the changes to the final Qualified Mortgage (QM) Rule issued by the Consumer Financial Protection Bureau (CFPB) in December 2020. We also evaluate the potential effects of the rule on origination, RMBS issuance, and credit risks.
In our view, some of the more significant impacts of the final QM Rule include the following:
An increase in purported QM originations as a result of the broader QM definition including, for example, “Alt-Doc” QM.
Press release content from Business Wire. The AP news staff was not involved in its creation.
First Trust/Aberdeen Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.08 Per Share for February
January 20, 2021 GMT
WHEATON, Ill. (BUSINESS WIRE) Jan 20, 2021
First Trust/Aberdeen Global Opportunity Income Fund (the “Fund”) (NYSE: FAM) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.08 per share payable on February 16, 2021, to shareholders of record as of February 2, 2021. The ex-dividend date is expected to be February 1, 2021. The monthly distribution information for the Fund appears below.
First Trust/Aberdeen Global Opportunity Income Fund (FAM):
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S&P Global Ratings Drives Digital-First Access to Debt Markets with Ratings360®
January 15, 2021 GMT
NEW YORK, Jan. 15, 2021 /PRNewswire/ S&P Global Ratings, the world’s leading provider of independent credit risk research, has made it easier for all key stakeholders that drive issuance such as intermediaries, investors and issuers to participate in the diverse universe of fixed income with its online portal, Ratings360 ®.
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Ratings360® provides a holistic picture of the credit stories behind organizations, sovereigns, financial institutions, municipalities, and other debt securities to help its users make decisions with conviction.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Best’s Commentary: Mexico’s Double-Listed Bond Issuance Aims to Bolster Capital Inflows, Liquidity and Investor Confidence
January 15, 2021 GMT
The Mexico government’s recent 50-year bond issuance may offer an attractive, long-term interest rate alternative intended to maintain investor confidence and reinforce the country’s capital inflows and liquidity, according to a new
AM Best commentary.
The
Best’s Commentary, “Mexico Double-Lists Bond Issue to Bolster Capital Inflows, Liquidity, Investor Confidence,” notes that the Mexico government’s foreign-currency bond issuance was double-listed in Taiwan and Luxembourg, and demand has pushed the offering to USD 10 billion with a 3.75% coupon. It is intended to cover 35% of the country’s foreign currency financing requirements in its 2021 budget, while increasing diversification of its investor base and funding sources