KBRA Assigns Preliminary Ratings to Barings Euro Middle Market 2024-1 (Reset) July 29, 2026 KBRA UK (KBRA) assigns preliminary ratings to seven classes of notes issued by Barings Euro Middle Market 2024-1 (Reset), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of middle market corporate loans. The original transaction closed on 16 December 2024 as a static CLO. This transaction refinances the original CLO by [...]
Everest Reports Second Quarter 2026 Results July 29, 2026 Annualized 14.2% Net Income ROE and 14.9% Net Operating Income ROE Annualized Total Shareholder Return of 16.8% $559 million of Net Income and Combined Ratio of 92.0% $317 million of Underwriting Income and Combined Ratio of 90.0% from our Core Businesses* Repurchased $395 million of Common Shares During the Quarter
Smurfit Westrock Reports Second Quarter 2026 Results July 29, 2026 Smurfit Westrock plc (NYSE: SW) today announced the financial results for the second quarter ended June 30, 2026. Key Points: Net Sales of $8,031 million Net Income of $88 million, with a Net Income Margin of 1.1% Adjusted EBITDA1 of $1,140 million, with an Adjusted EBITDA Margin1 of 14.2% Net Cash Provided by Operating Activities [...]
KBRA Releases Research – KBRA-Rated European CMBS Exposure to Wildfires in Spain and France July 28, 2026 KBRA releases research assessing the potential exposure of KBRA-rated European commercial mortgage-backed securities (CMBS) transactions to the ongoing wildfires in Spain and France. KBRA has not identified any collateral properties within active wildfire perimeters or mandatory evacuation zones, and no physical damage or operational disruption has been identified. The following KBRA-rated CMBS transactions have collateral [...]
KBRA Assigns Preliminary Ratings for RRE 12 Loan Management DAC July 27, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of Notes issued by RRE 12 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 12 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the “collateral manager”). [...]
FICO UK Credit Card Market Report: May 2026 July 27, 2026 Post-Easter spending and repayments follow seasonal patterns, but delinquency data suggests most vulnerable customers are falling into further financial difficulty
Kuwait Oil Company Signs US$ 16.0 Billion Infrastructure Partnership Involving Its Crude Oil Pipeline Network With a Consortium Comprising Blackstone, Brookfield and KKR July 25, 2026 Kuwait Oil Company (“KOC”) is establishing a new joint venture (“JV”) with three leading global investors in a lease and leaseback structure for a 20.5 year period that includes a volume-based tariff Following a competitive selection process, Blackstone, Brookfield and KKR will collectively hold a 49% stake in the JV, with each investor holding an equal one-third share of that interest on equal terms; KOC will retain a 51% stake and full ownership and operational control of the network Kuwait's largest energy infrastructure partnership to date, and the largest foreign direct investment ever in Kuwait Marks the first time leading global institutional investors have deployed long-term capital into Kuwait’s midstream infrastructure Underscores – amidst ongoing regional geopolitical challenges – international trust in KPC’s ability to deliver on its 2040 Strategy to reach 4 million barrels of crude oil production capacity per day by 2035 Supports Kuwait's economic diversification goals in a partnership with leading international investors, expected to generate US$ 7.85 billion of proceeds to support broader capital expenditure plans Preserves the State of Kuwait’s full flexibility over its production and refining volumes
KBRA Assigns Preliminary Ratings to Lugo Funding 2026-1 DAC July 22, 2026 KBRA Europe (KBRA) assigns preliminary ratings to seven classes of notes to be issued by Lugo Funding 2026-1 DAC, a static RMBS securitisation backed by a portfolio of mortgage participations and mortgage transfer certificates (together, Mortgage Certificates) issued by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA). The Mortgage Certificates represent the economic rights to receive payments [...]
Three ways Andy Burnham can avoid Keir Starmer’s mistakes July 21, 2026 The Notebook, where the City’s movers and shakers have their say. Today Michael Martins shares his tips for the new cabinet and explains why he’s become obsessed with unhinged neighbours As you walk into No. 10 today, you are about to inherit all of former PM Starmer’s problems and none of his excuses, so take [...]
The Executive Ledger: Is the company car consigned to history? July 17, 2026 The traditional executive company car used to be defined by a beautifully simple set of rules, writes motoring journalist Tim Barnes-Clay. It required a German saloon, 3.0 litres of naturally aspirated displacement, finished in metallic paint, and a designated parking space close to the boardroom doors. It was a statement of seniority, paid for by [...]