S&P Global

Avolta secures S&P Global Ratings Upgrade to BB+ with Outlook Stable

Retrieved on: 
Wednesday, April 10, 2024
S&P Global Ratings, S&P Global, Growth, Policy, AENA, Renewable energy

Avolta AG (SIX: AVOL), the leading global travel experience player, confirms its upgraded credit rating from S&P Global Rating from BB to BB+ with Outlook Stable, as announced by the rating agency yesterday.

Key Points: 
  • Avolta AG (SIX: AVOL), the leading global travel experience player, confirms its upgraded credit rating from S&P Global Rating from BB to BB+ with Outlook Stable, as announced by the rating agency yesterday.
  • In the rating report, published on April 3, 2024, S&P Global Ratings highlights the strong operating performance in 2023 on the back of sound passenger traffic recovery.
  • S&P’s stable outlook reflects their expectations of Avolta’s continued sound operating performance fueled by continued growth in traffic and successful execution of its global strategy.
  • Yves Gerster, Avolta’s Chief Financial Officer, commented: “We are extremely satisfied with the rating upgrade by S&P Global Ratings, following last week’s upgrade from Moody’s.

CN Continues to Advance Decarbonization Efforts with EMD® Mainline Hybrid Locomotive from Progress Rail

Retrieved on: 
Friday, April 5, 2024
CNI, CDP, S&P Global, Climate change, Transport, CNR, Progress Rail, Carbon, TSX, Caterpillar Inc., EMD, Weather, Renewable energy

MONTREAL, April 05, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce the purchase of its first hybrid diesel-battery electric mainline locomotive from Progress Rail, a Caterpillar Company, as part of its decarbonization plans. The EMD® will be tested to understand the potential impact and opportunity related to retrofitting a larger portion of the Company’s fleet. CN is collaborating on this initiative with the Province of British Columbia who awarded approximately $3.2 million to the Company under the Clean BC Go Electric Commercial Vehicle Pilots Program.

Key Points: 
  • MONTREAL, April 05, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce the purchase of its first hybrid diesel-battery electric mainline locomotive from Progress Rail, a Caterpillar Company, as part of its decarbonization plans.
  • The EMD® will be tested to understand the potential impact and opportunity related to retrofitting a larger portion of the Company’s fleet.
  • The testing will increase CN’s and the rail industry’s knowledge on battery technology and more specifically, on the impact of alternative propulsion technology on mainline locomotives.
  • “CN is committed to supporting the transition to a net-zero economy and proud of the progress we’ve made so far on our decarbonization journey.

Heritage Bank of Commerce Ranked 25th on S&P Global Market Intelligence List of Top 50 Best-Performing Community Banks

Retrieved on: 
Wednesday, April 3, 2024
Heritage Bank, Financial management, S&P Global, SAN, Commerce, Bank, Risk management, Growth, Development

SAN JOSE, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") announced that Heritage Bank of Commerce (the "Bank") has been ranked 25th on S&P Global Market Intelligence's top 50 list of best-performing community banks with assets between $3 billion and $10 billion.

Key Points: 
  • SAN JOSE, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- Heritage Commerce Corp (NASDAQ: HTBK) (the "Company") announced that Heritage Bank of Commerce (the "Bank") has been ranked 25th on S&P Global Market Intelligence's top 50 list of best-performing community banks with assets between $3 billion and $10 billion.
  • This prestigious recognition underscores the Bank’s commitment to excellence, sound financial management, and dedication to serving its community.
  • "Heritage Bank of Commerce has long been dedicated to fostering strong relationships with our clients while maintaining a focus on prudent risk management and sustainable growth," said Clay Jones, President and Chief Executive Officer at Heritage Bank of Commerce.
  • S&P Global Market Intelligence ranks financial institutions based on several key factors including returns, growth, and funding, with a particular emphasis on the strength and risk profile of balance sheets.

S & P Global Market Intelligence Ranks German American Bank as a Top Community Bank in the Nation for the Second Consecutive Year

Retrieved on: 
Wednesday, March 27, 2024
S&P Global, Commonwealth

JASPER, Ind., March 27, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) has earned the number 27 spot out of 200 U.S. community banks assessed by S&P Global Market Intelligence with assets between $3 billion and $10 billion.

Key Points: 
  • JASPER, Ind., March 27, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) has earned the number 27 spot out of 200 U.S. community banks assessed by S&P Global Market Intelligence with assets between $3 billion and $10 billion.
  • The ranking is based on 2023 performance in which German American Bank ranks the highest of banks serving southern Indiana and the Commonwealth of Kentucky.
  • “We are honored to once again be recognized by S&P Global Market Intelligence as one of the top performing community banks in the nation.
  • 2023 was a volatile year for the banking industry marked by many challenges.

Mirantis Announces Latest Features in Swarm Container Orchestrator

Retrieved on: 
Tuesday, April 9, 2024
Security, Data Management, Apps, Applications, Technology, Software, Royal Bank of Canada, IPv6, S&P Global, Organization, Engineering, ARM, FIPS, CPU, MetLife, MKE, Federal Information Processing Standards

Mirantis delivers enterprise-grade Swarm through Mirantis Kubernetes Engine (MKE).

Key Points: 
  • Mirantis delivers enterprise-grade Swarm through Mirantis Kubernetes Engine (MKE).
  • “While Kubernetes has taken over as the world’s leading container orchestrator, Swarm continues to be a popular option with more than 100 of our customers utilizing Swarm for production workloads, and continual sales inquiries from enterprises interested in Swarm,” said Shaun O’Meara, chief technology officer, Mirantis.
  • “We’ll continue to support and enhance Swarm with plans for additional features coming from our engineering staff dedicated to Swarm.”
    Originally developed by Docker, Swarm is an integral part of MKE, which provides customers with choice of both Kubernetes and Swarm orchestrators for their container workloads.
  • The most recent Swarm updates include:
    - Scheduled image pruning for administrators to clean up unused container images, to optimize use of compute resources.

Energy Vault Issues 2023 Sustainability Report

Retrieved on: 
Monday, April 8, 2024
Other Energy, Environment, Utilities, Sustainability, Alternative Energy, Energy, CSA, S&P Global, Science Based Targets initiative, Energy Vault, Corporate sustainability, Biophysical environment, Risk, ESG, Strategic planning, Science, United Nations Global Compact, Carbon, GRI, TCFD, Task force, Multimedia, Targets, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the publication of its 2023 Sustainability Report .

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced the publication of its 2023 Sustainability Report .
  • View the full release here: https://www.businesswire.com/news/home/20240408193128/en/
    Energy Vault Issues 2023 Sustainability Report (Photo: Business Wire)
    The report demonstrates Energy Vault’s commitment to providing transparency and progress on material non-financial sustainability & Environmental, Social, and Governance metrics.
  • In its second annual Corporate Sustainability Report, Energy Vault shares early-stage data and 2023 activations of newly established sustainability infrastructure, systems, protocols, standards, and metrics from which the organization measures current and future success.
  • “As the business continues to grow and evolve to meet the growing demand for tailored energy storage solutions around the globe, I’m confident in our ability to continue to progress toward and ultimately achieve our sustainability goals moving forward.”
    Energy Vault invites all of its stakeholders across the world to read its 2023 Sustainability Report at the following link: Sustainability Report 2023

Vyzrd Strengthens Leadership Team Amid Continued Global Expansion

Retrieved on: 
Monday, April 8, 2024
Research, S&P Global, Risk, ESG, Climate, IHS Markit, Acquisition, Credit Suisse, Head, Securities research, HSBC, Quantitative, Quantitative research

SYDNEY and LONDON, April 8, 2024 /PRNewswire/ -- Vyzrd, a leading Australian climate technology start-up, is pleased to announce the appointment of two senior industry executives to strengthen its leadership team.

Key Points: 
  • SYDNEY and LONDON, April 8, 2024 /PRNewswire/ -- Vyzrd, a leading Australian climate technology start-up, is pleased to announce the appointment of two senior industry executives to strengthen its leadership team.
  • Bourne remarked, "Joining Vyzrd presents a material opportunity to advance climate analytics within financial markets.
  • Vyzrd CEO, Sunil Rana, underscored the significance of these appointments, "Welcoming Kevin and Greg to Vyzrd is a key milestone for our company as their insights and leadership will propel us forward at this pivotal moment.
  • Bourne's and Wallace's appointments follow another significant appointment that Vyzrd made last year, that of Ross Allen as its Chief Commercial Officer.

Enstar Subsidiary Assigned ‘A’ Financial Strength Rating by S&P Global

Retrieved on: 
Monday, March 25, 2024
ESGR, S&P, S&P Global, Reinsurance

HAMILTON, Bermuda, March 25, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that the ratings agency S&P Global Ratings (“S&P”) has assigned an Insurer Financial Strength Rating of ‘A’ with stable outlook to its Bermuda-based, wholly owned subsidiary, Cavello Bay Reinsurance Limited (“Cavello Bay”).

Key Points: 
  • HAMILTON, Bermuda, March 25, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that the ratings agency S&P Global Ratings (“S&P”) has assigned an Insurer Financial Strength Rating of ‘A’ with stable outlook to its Bermuda-based, wholly owned subsidiary, Cavello Bay Reinsurance Limited (“Cavello Bay”).
  • Cavello Bay is Enstar’s primary non-life run-off consolidator, and a Class 3B reinsurer.
  • On issuing its rating, S&P highlighted Enstar’s competitive position as a “leader in the global non-life run-off market”, noting that it considers Enstar’s claims management capabilities to be “excellent”, as well as its expectation that Enstar will “continue executing large legacy transactions.”
    Matthew Kirk, Enstar’s Chief Financial Officer, said: “The S&P Insurer Financial Strength Rating is further confirmation of our strong capital position.
  • The ‘A’ rating for Cavello Bay, our primary Bermuda reinsurer, recognizes the resilience of our business model and will provide additional flexibility to structure legacy transactions in the future.”

International Bancshares Corporation Ranked #1 by S&P Global Market Intelligence’s Top 50 Public Banks for 2023

Retrieved on: 
Wednesday, April 3, 2024
Banking, Professional Services, Finance, International Bancshares Corporation, Growth, S&P Global, Security (finance), IBOC, Information services, IBC, Risk management

International Bancshares Corporation (IBC) (NASDAQ:IBOC) is proud to announce that it ranked #1 among S&P Global Market Intelligence's best-performing U.S. Public Banks for 2023.

Key Points: 
  • International Bancshares Corporation (IBC) (NASDAQ:IBOC) is proud to announce that it ranked #1 among S&P Global Market Intelligence's best-performing U.S. Public Banks for 2023.
  • The rankings assessed the financial performance of operating U.S. public banks with total assets exceeding $10 billion as of Dec. 31, 2023.
  • S&P Global Market Intelligence launched the rankings in 2011 to evaluate the performance of community banks and credit unions.
  • S&P Global Market Intelligence is a provider of information services and solutions to global markets.

Dremio Announces General Availability on Microsoft Azure

Retrieved on: 
Tuesday, March 26, 2024
Hardware, Data Management, Technology, Artificial Intelligence, Software, Cloud, Microsoft, Microsoft Azure, S&P Global, Organization, Apache Iceberg, Software as a service, TLS, SQL, Data science, CPO, Sureserve, Acquisition, Architecture, Heart, Data management, ADLS

Dremio , the unified lakehouse platform for self-service analytics, today announced the general availability of Dremio Cloud on Microsoft Azure.

Key Points: 
  • Dremio , the unified lakehouse platform for self-service analytics, today announced the general availability of Dremio Cloud on Microsoft Azure.
  • “With Dremio Cloud on Azure, we have the ability to shift from just standard reporting to leveraging a data set as a product.
  • "Dremio Cloud on Microsoft Azure is a game-changer for organizations seeking self-service analytics with flexibility in a SaaS environment.
  • We're thrilled to bring Dremio Cloud to Azure, enabling our customers to experience the future of data management,” said Tomer Shiran, founder and CPO of Dremio.