Business

Meta Financial Expects Up to $3.2 Million in Pre-Tax Charges Against Q2 Results After Student-Loan Insurer Faces Insolvency

Meta Financial Expects Up to $3.2 Million in Pre-Tax Charges Against Q2 Results After Student-Loan Insurer Faces Insolvency

Meta Financial Group (CASH) late Wednesday said it expects to record up to $3.2 million in pre-tax charges against its Q2 financial results after the company insuring $189.1 million of floating-rate student loans purchased by Meta was in the process of being declared insolvent by state regulators in South Dakota. […]

Fitch Downgrades Starbucks Rating to BBB+, Outlook Stable

Fitch Downgrades Starbucks Rating to BBB+, Outlook Stable

Fitch Ratings on Wednesday has downgraded the Long-Term Issuer Default Rating (IDR) of Starbucks Corporation (SBUX) to BBB+ from A-, and has affirmed the Short-Term IDR at F2, with stable outlook. The downgrade reflects its aggressive change in financial policy, the third material revision within the past year, with an […]

Enstar Group Prices Preference Shares

Enstar Group Prices Preference Shares

Enstar Group (ESGR) said Wednesday that it has priced its public offering of 16 million depositary shares, each representing a 1/1,000th interest in its 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, Series D, $1.00 par value and $25,000 liquidation preference per share, for an aggregate public offering price of $400 […]