MaxisIT’s eAdaptive Won Best of Show Award At Bio-IT World Conference & Expo 2010
METUCHEN, N.J.–(BUSINESS WIRE)–MaxisIT’s eAdaptive Won Best of Show Award At Bio-IT World Conference & Expo 2010
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MaxisIT’s eAdaptive Won Best of Show Award At Bio-IT World Conference & Expo 2010
Fitch Rates Upper Iowa University’s 2010 Revs ‘BBB+’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned an initial ‘BBB+’ rating to the following Upper Iowa University (UIU) revenue bonds: Iowa Higher Education Loan Authority –$51,000,000 private college facility revenue and refunding bonds (Upper Iowa University Project), series 2010. The Rating Outlook is Stable. The bonds are expected to sell on or about May xx, 2010 via negotiation. Proceeds of the bonds will fund various capital improvement projects and refinance two currently outstanding
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Fitch Rates Upper Iowa University’s 2010 Revs ‘BBB+’; Outlook Stable
Fitch Revises United Rentals (North America) Outlook to Stable; Affirms ‘B+’ IDR
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of United Rentals (North America) Inc. (URNA) at ‘B+’ and parent company, United Rentals Inc. (URI), long-term IDR at ‘B’. Fitch has also upgraded URNA’s senior secured rating to ‘BB’ from ‘BB-’ and assigned an ‘RR1′ Recovery Rating (RR). The RR is based on superior recovery prospects for secured debt holders. Fitch has also received URI’s Rating Outlook to Stable from Negative. Approximately $2.7 Bil
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Fitch Revises United Rentals (North America) Outlook to Stable; Affirms ‘B+’ IDR
Fitch Rates RBSSP Resecuritization Trust 2010-4
NEW YORK–(BUSINESS WIRE)–Fitch rates RBSSP Resecuritization Trust 2010-4 as follows: –$18,073,700 class 7-A1 ‘A’; Outlook Stable; –$18,073,700 notional class 7-A1X ‘A’; Outlook Stable; –$18,073,700 class 7-A3 ‘A’; Outlook Stable; –$18,073,700 class 7-A4 ‘A’; Outlook Stable; –$18,073,700 class 7-A5 ‘A’; Outlook Stable; –$18,073,700 class 7-A6 ‘A’; Outlook Stable; –$18,073,700 class 7-A7 ‘A’; Outlook Stable; –$41,163,500 class 11-A1 ‘A’; Outlook Stable.; –$41,163,500 notional class 11-A
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Fitch Rates RBSSP Resecuritization Trust 2010-4
A.M. Best Affirms Ratings of The Safety Group, Its Members and Safety Insurance Group, Inc.
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of The Safety Group (Safety) and its inter-company pool members, Safety Insurance Company (Safety Insurance), Safety Indemnity Insurance Company (Safety Indemnity) and Safety Property and Casualty Insurance Company (Safety P&C). Concurrently, A.M. Best has affirmed the ICR of “bbb” of Safety’s publicly traded holding company, Safety Insurance Group,
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A.M. Best Affirms Ratings of The Safety Group, Its Members and Safety Insurance Group, Inc.
Audax Group Announces Sale of Thermon Industries
BOSTON–(BUSINESS WIRE)–Audax Group (“Audax”) announced it has completed the sale of Thermon Industries (“Thermon”) to Code Hennessy & Simmons LLC. Based in San Marcos, Texas, Thermon is a leading global manufacturer of heat tracing equipment for the petrochemical, oil and gas, engineering, and power industries. With offices in 15 countries and manufacturing and fabrication facilities in the U.S., Europe, Canada, India, and Korea, the company serves as a local partner to blue-chip, multi-na
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Audax Group Announces Sale of Thermon Industries
Fitch Downgrades Suzano Papel e Celulose S.A. to ‘A+(bra)’
SAO PAULO & CHICAGO–(BUSINESS WIRE)–Fitch Ratings has downgraded to ‘A+(bra)’ from ‘AA-(bra)’ the national scale rating of Suzano Papel e Celulose S.A. (Suzano). Fitch has also downgraded to ‘A+(bra)’ from ‘AA-(bra)’ the rating of Suzanos’ third local debentures due in 2014 and 2019. The Rating Outlook for Suzano is Stable. These rating actions are due to weaker than projected debt reduction by Suzano since the completion of the Mucuri project during 2007. As a consequence, net debt-to-EBITDA
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Fitch Downgrades Suzano Papel e Celulose S.A. to ‘A+(bra)’
Fitch Affirms ILFC’s IDR at ‘BB’; Outlook Evolving
CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed International Lease Finance Corp.’s (ILFC) Issuer Default Rating (IDR) at ‘BB’ and removed it from Rating Watch Negative. The Rating Outlook for ILFC is Evolving. A full listing of ILFC’s ratings is provided at the end of this release. The ratings affirmation reflects ILFC’s successful efforts to address substantial near-term funding requirements. Thus far in 2010, ILFC has generated $8.2 billion of liquidity via a series of transactions inclu
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Fitch Affirms ILFC’s IDR at ‘BB’; Outlook Evolving
A.M. Best Assigns Ratings to Berkley Life and Health Insurance Company
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has assigned a financial strength rating (FSR) of A+ (Superior) and an issuer credit rating (ICR) of “aa-” to Berkley Life and Health Insurance Company (Berkley Life) (Urbandale, Iowa). Berkley Life is a member company of W. R. Berkley Corporation (W. R. Berkley) [NYSE: WRB]. The outlook for both ratings is stable. Berkley Life’s ratings reflect W. R. Berkley Corporation’s explicit net worth maintenance agreement and the progression of Berkley Life’s
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A.M. Best Assigns Ratings to Berkley Life and Health Insurance Company
Fitch Affirms PepsiCo’s IDR at ‘A+’; Outlook Stable
CHICAGO–(BUSINESS WIRE)–Fitch Ratings has taken the following rating actions on the Issuer Default Ratings (IDRs) and outstanding debt ratings of PepsiCo, Inc. (PepsiCo) (NYSE: PEP), Pepsi-Cola Metropolitan Bottling Company, Inc. (PMBC; a wholly owned subsidiary of PepsiCo), Bottling Group LLC (a wholly owned subsidiary of PMBC), The Pepsi Bottling Group, Inc. (PBG), and PepsiAmericas Inc. (PepsiAmericas): PepsiCo –Long-term IDR affirmed at ‘A+’; –Senior unsecured debt affirmed at ‘A+’; –Ba
