AAA

Xterio Launches an L2 with BNB Chain and AltLayer to Scale Web3 Gaming and AI

Retrieved on: 
Monday, April 22, 2024
Online, Consumer Electronics, Technology, Audio, Video, General Entertainment, Apps, Applications, Blockchain, Professional Services, NFT, Artificial Intelligence, Web3, Electronic Games, Software, Entertainment, Internet, Data, Ecosystem, AI, Partnership, Artificial intelligence, AAA, Environment, BNB, L2, OP, DA, Video game

Xterio, a premier Web3 gaming publisher, and BNB Chain proudly announce a collaboration for a new gaming-focused L2 chain that will leverage BNB as a gas token and contribute to the infrastructure of the BNB Chain ecosystem.

Key Points: 
  • Xterio, a premier Web3 gaming publisher, and BNB Chain proudly announce a collaboration for a new gaming-focused L2 chain that will leverage BNB as a gas token and contribute to the infrastructure of the BNB Chain ecosystem.
  • It enables Xterio and BNB Chain to collaboratively provide immersive gaming experiences enriched with AI and enhanced by digital ownership to millions of BNB users.
  • BNB Chain will additionally provide critical marketing support to Xterio via joint campaigns and end-user referral programs.
  • The Core Development Team at BNB Chain said: “The strategic collaboration between BNB Chain and Xterio, a recognized leader in Web3 gaming and AI, will reinforce BNB Chain’s ecosystem and bring great on-chain experiences powered by digital ownership to millions of users globally.

Sierra Bancorp Reports First Quarter 2024 Results

Retrieved on: 
Monday, April 22, 2024
Banking, Professional Services, Finance, Sale, Investment, Risk, The Wall Street Journal, Tier 1 capital, Federal Reserve Bank, CRE, Hand, ATM, AAA, Movement, Lisp (programming language), Federal funds, Advertising, FDIC, AA

Our net interest margin was 3.62% for the first quarter of 2024, as compared to 3.31% for the linked quarter and 3.47% for the quarter ending March 31, 2023.

Key Points: 
  • Our net interest margin was 3.62% for the first quarter of 2024, as compared to 3.31% for the linked quarter and 3.47% for the quarter ending March 31, 2023.
  • Noninterest income increased by $0.5 million, or 7%, to $8.6 million in the first quarter of 2024 as compared to the linked quarter.
  • Salaries and benefits were $0.2 million lower in the first quarter of 2024 as compared to the fourth quarter of 2023 and $0.4 million higher than the first quarter of 2023.
  • Other noninterest expense increased $0.5 million, or 6%, in the first quarter of 2024 as compared to both the fourth quarter of 2023 and the first quarter of 2023.

Oak Row Equities Officially Breaks Ground on 2600 Biscayne Boulevard in Miami’s Desirable Edgewater Submarket

Retrieved on: 
Monday, April 22, 2024
Architecture, Commercial Building & Real Estate, Construction & Property, Finance, Asset Management, Accounting, Professional Services, Residential Building & Real Estate, Margaret Pace Park, Glass, Design District, BBQ, Biscayne, AAA, Yoga, EV, Bank, Gold, Miami International Airport, Multimedia, Self storage

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    “We are thrilled to be breaking ground at 2600 Biscayne.
  • We are focused on delivering the highest quality multi-family and office product to the Edgewater submarket,” said Erik Rutter, Managing Partner at Oak Row Equities.
  • "2600 Biscayne will dramatically enhance the caliber of multifamily and office space in Edgewater and really create a new upper tier for these asset classes in South Florida," says David Weitz, Managing Partner at Oak Row Equities.
  • 2600 Biscayne will have EV charging stations and over 600 parking spaces for added convenience.

Angel Oak Capital Completes Fourth Securitization of 2024, Fueled by Rapid Growth of Mortgage Solutions Origination Platform

Retrieved on: 
Friday, April 19, 2024
REIT, Finance, Professional Services, Residential Building & Real Estate, Construction & Property, HELOC, FICO, Traction, Fitch, Bank, Acquisition, Overalls, AAA, Financial services

Angel Oak Capital Advisors LLC , an investment management firm that specializes in value-driven structured credit investing, announced today the issuance of its fourth securitization of the year, AOMT 2024-4.

Key Points: 
  • Angel Oak Capital Advisors LLC , an investment management firm that specializes in value-driven structured credit investing, announced today the issuance of its fourth securitization of the year, AOMT 2024-4.
  • “The execution of our fourth securitization this year is indicative of our firm’s broader success in scaling growth and delivering investment solutions that cater to market demand,” said Namit Sinha, Chief Investment Officer at Angel Oak Capital.
  • Angel Oak Mortgage Solutions has expanded significantly in both origination volume and talent acquisition, a particularly notable accomplishment at a time marked by high interest rates, declining mortgage demand overall and economic volatility.
  • “Despite the new normal of higher rates, we continue to experience incredible growth as partners we work with find our non-qualified mortgage products to be a great fit for borrowers seeking flexible mortgage options,” said Tom Hutchens, Angel Oak Mortgage Solutions’ executive vice president of production.

Making Better Essential: Pentair Releases 2023 Corporate Responsibility Report Featuring Its Progress in Advancing Sustainability

Retrieved on: 
Thursday, April 18, 2024
Manufacturing, Luxury, Environmental Health, Other Natural Resources, Utilities, Natural Resources, Retail, Environment, Energy, Machinery, Sustainability, Carbon, Corporation, Report, General counsel, Machine, MSCI, Water, Sustainalytics, AAA, Female, Social responsibility, Corporate social responsibility, ESG, GHG, Workforce, Multimedia, POC, PNR, Supply chain, Renewable energy

Pentair plc (NYSE: PNR), a leader in helping the world sustainably move, improve and enjoy water, life’s most essential resource, today released its 2023 Corporate Responsibility Report, reporting on the Company’s efforts and progress toward Making Better Essential .

Key Points: 
  • Pentair plc (NYSE: PNR), a leader in helping the world sustainably move, improve and enjoy water, life’s most essential resource, today released its 2023 Corporate Responsibility Report, reporting on the Company’s efforts and progress toward Making Better Essential .
  • View the full release here: https://www.businesswire.com/news/home/20240418265589/en/
    The Pentair 2023 Corporate Responsibility Report features the Company's progress in advancing a more sustainable future for people and the planet.
  • “I am proud of the progress we have made and grateful for the commitment to Making Better Essential.
  • To learn more about Pentair’s Social Responsibility Strategic Targets and its 2023 Corporate Responsibility Report, visit Pentair.com/Impact .

Two Top Rating Agencies Reaffirm Metropolitan’s Strong Credit Ratings

Retrieved on: 
Friday, April 19, 2024
Public Policy, Government, Utilities, Natural Resources, State, Local, Finance, Energy, Professional Services, Other Natural Resources, Climate change, Investment, Head, Climate, Water, Colorado River, AAA, S&P, S&P Global, Recycling, Strategic planning, Renewable energy

A week after its governing board adopted a financially responsible two-year budget, the Metropolitan Water District of Southern California has once again earned excellent credit ratings from two of the nation’s top rating agencies.

Key Points: 
  • A week after its governing board adopted a financially responsible two-year budget, the Metropolitan Water District of Southern California has once again earned excellent credit ratings from two of the nation’s top rating agencies.
  • In advance of Metropolitan’s pricing of approximately $360 million of senior lien revenue bonds next week, S&P Global Ratings on Wednesday (April 17) reaffirmed Metropolitan’s AAA rating and Moody’s recently reaffirmed the agency’s Aa1 rating.
  • “High credit ratings are critical as we look to finance these strategic investments."
  • The third top rating agency, Fitch, is expected to provide a rating for Metropolitan’s subordinate lien bonds late next month.

Sandbox VR Launches U.S. Franchise Program

Retrieved on: 
Wednesday, April 17, 2024
Technology, Electronic Games, Entertainment, Other Technology, Stanford University, Immersion, Virtual reality, Craft, Partnership, AAA, Friends, NPS, Netflix, Sandbox, Marketing, Video game

Since its inception in 2016, Sandbox VR has emerged as the global leader in location-based VR, known for its unparalleled entertainment experience and commitment to bringing people together.

Key Points: 
  • Since its inception in 2016, Sandbox VR has emerged as the global leader in location-based VR, known for its unparalleled entertainment experience and commitment to bringing people together.
  • All Sandbox VR experiences are developed by an in-house AAA gaming studio led by game industry veterans and are specifically designed for groups to play as social experiences, further setting Sandbox VR apart.
  • The Sandbox VR concept provides franchise offerings that can cater to the unique criteria of each market and accelerate growth.
  • To learn more about Sandbox VR franchise opportunities, please visit https://franchise.sandboxvr.com/ and connect on LinkedIn .

Forge and Xterio Announce Partnership

Retrieved on: 
Tuesday, April 16, 2024
Software, Online, Entertainment, Internet, Mobile Entertainment, Consumer Electronics, Technology, Artificial Intelligence, General Entertainment, Other Entertainment, Web3, Electronic Games, ESL, Riot Games, Mechanics, NetEase, Ecosystem, AI, Age, Publishing, Discord, Partnership, AAA, FunPlus, TSM, CSO, Riot, Animoca Brands, Marketing, Video game

Forge, a leading game rewards and engagement platform, has entered a partnership with Xterio, a Web3 gaming ecosystem and platform.

Key Points: 
  • Forge, a leading game rewards and engagement platform, has entered a partnership with Xterio, a Web3 gaming ecosystem and platform.
  • This gives Xterio access to a massive funnel of new users to scale its products and grants the Forge community the opportunity to engage with new and exciting content.
  • "With this partnership with Xterio, we are bringing all of their games to the doorstep of our rapidly growing user base.
  • Forge recently celebrated the launch of Forge Season 1 , announcing a slew of new features, core platform improvements, and tentpole game partners.

KBRA Assigns AAA Rating to Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds Series 2024A (Green Bonds) and Refunding Series 2024B (Green Bonds); Affirms Rating for Parity Bonds

Retrieved on: 
Tuesday, April 16, 2024
Professional Services, Finance, Outlook, Sale, Green bond, KBRA, Growth, AAA, Security (finance)

KBRA assigns a long-term rating of AAA to the Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds, Series 2024A (Green Bonds) and Sales Tax Revenue Bonds, Refunding Series 2024B (Green Bonds).

Key Points: 
  • KBRA assigns a long-term rating of AAA to the Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds, Series 2024A (Green Bonds) and Sales Tax Revenue Bonds, Refunding Series 2024B (Green Bonds).
  • KBRA additionally affirms the long-term rating of AAA for outstanding parity Sales Tax Revenue Bonds.
  • Favorable demographic trends and socio-demographic characteristics of the pledged revenue base are supportive of growth and stability of pledged receipts.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

KBRA Assigns AAA Rating to the Los Angeles Unified School District 2024 General Obligation Refunding Bonds, Series A (Dedicated Unlimited Ad Valorem Property Tax Bonds); the Outlook is Stable

Retrieved on: 
Monday, April 15, 2024
Banking, Professional Services, Finance, Valorem, Surety, County, Outlook, KBRA, Dedicated, Parity, GO, Policy, AAA, Bank

KBRA assigns a long-term rating of AAA to the Los Angeles Unified School District (County of Los Angeles, CA) 2024 General Obligation Refunding Bonds, Series A (Dedicated Unlimited Ad Valorem Property Tax Bonds).

Key Points: 
  • KBRA assigns a long-term rating of AAA to the Los Angeles Unified School District (County of Los Angeles, CA) 2024 General Obligation Refunding Bonds, Series A (Dedicated Unlimited Ad Valorem Property Tax Bonds).
  • Concurrently, KBRA affirms the AAA rating on the District's outstanding parity General Obligation Bonds.
  • Per consultation with external counsel, KBRA considers the bondholder protections afforded by the California constitution and state law to be robust.
  • Reduction in the general fund balance below the 5% of expenditures policy threshold could pressure the rating.