Kroll Bond Rating Agency, LLC (KBRA): KBRA Assigns Preliminary Ratings to Primrose Residential 2021-1 DAC
Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to seven classes of notes to be issued by Primrose Residential 2021-1 DAC. The transaction is a static RMBS securitisation backed by reperforming mortgage loans (RPL). The underlying collateral consists of a €869.8 million mixed portfolio of seasoned first lien performing and re-performing mortgages that are secured by majority owner occupied (OO) and buy-to-let (BTL) properties located in Ireland. The portfolio includes mortgages originated by three Irish originators, Permanent TSB plc (72.5%, PTSB), Irish Nationwide Building Society (15%, INBS) and Springboard Mortgages Limited (12.5%, Springboard). Primrose Residential comprises loans from two portfolios, the first which collateralised European Residential Loan Securitisation 2019-PL1 DAC (ERLS 2019-PL1) (aggregating €630.8 million; 72.5%) and seco
CNO Financial Group Reports First Quarter 2021 Results
Solid first quarter earnings; sales momentum returning to pre-pandemic levels; completed $100 million in share repurchases
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CARMEL, Ind., April 28, 2021 /PRNewswire/ CNO Financial Group, Inc. (NYSE: CNO) today announced that for the quarter ending March 31, 2021, net income was $147.4 million, or $1.08 per diluted share, compared to a net loss of $21.2 million, or $0.15 per diluted share, in 1Q20. Net operating income (1) in 1Q21 was $75.2 million, or $0.55 per diluted share, compared to $84.3 million, or $0.58 per diluted share, in 1Q20. CNO delivered another solid quarter, reflecting our continued ability to successfully navigate the pandemic from a position of strength, said Gary C. Bhojwani, chief executive officer. Our performance throughout the challenges of COVID demonstrate the value of our diversified model. Within our Consumer Division, we generated record
Charleston has a homeownership rate of 62%, which is slightly lower than the national average of 66%. Charlestonians pay an average of $1,213 per year for a house with $250,000 dwelling coverage to live [.]
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Kroll Bond Rating Agency UK Limited: KBRA Assigns Preliminary Ratings to BERG FINANCE 2021 DAC
Kroll Bond Rating Agency UK Limited (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of BERG FINANCE 2021 DAC, a €295.3 million CMBS transaction collateralised by two loans. The loans are not cross-collateralised or cross-defaulted.
The Sirocco Loan is a €150.8 million floating rate loan that has a three-year term with two 12-month extension options. The loan is secured by the borrower s freehold interest in four office properties. The offices are located in Austria, The Netherlands, Finland and Germany. As of March 2021, the properties were 83.5% leased by area, to approximately 56 tenants.