IDR

AM Best Assigns Credit Ratings to PT Asuransi Astra Buana

Retrieved on: 
Thursday, March 16, 2023
Banking, Professional Services, Insurance, Finance, Health, AM Best, Jardine Matheson, Astra, Credit, Bermuda, Communication, IDR, ALL, AM, News, ERM, Risk management

AM Best has assigned a Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) to PT Asuransi Astra Buana (Asuransi Astra) (Indonesia).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) to PT Asuransi Astra Buana (Asuransi Astra) (Indonesia).
  • AM Best views Asuransi Astra’s investment portfolio to have moderate risk, comprising mainly bonds held directly and through mutual funds.
  • Profitable business from its parent group, PT Astra International Tbk (Astra group), is the key contributor to Asuransi Astra’s strong operating performance.
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

DANA and Ant Group Join Hands in SisBerdaya To Empower Indonesian Women Entrepreneurs to Thrive in the Digital Economy

Retrieved on: 
Tuesday, March 14, 2023
Technology, Electronic Commerce, Professional Services, Digital Cash Management, Digital Assets, Small Business, DEI (Diversity, Equity and Inclusion), Payments, Consumer, Apps, Applications, Training, Business, Software, Education, Internet, Women, Finance, Fintech, Woman, Marketing, IDR, MSME & Startups Forum - Bharat, Business administration, DANA, Ant Group, Heart, Female, Multimedia, Ultra, Pekanbaru, Small and medium-sized enterprises, Strategic management, Drug, Jakarta metropolitan area

DANA and Ant Group today announced the launch of SisBerdaya, a local initiative dedicated to empower Indonesian women entrepreneurs, primarily those from ultra-micro and micro businesses.

Key Points: 
  • DANA and Ant Group today announced the launch of SisBerdaya, a local initiative dedicated to empower Indonesian women entrepreneurs, primarily those from ultra-micro and micro businesses.
  • The initiative helps these individuals to develop their business management and digital skills, keeping them competitive in the digital economy while innovating and advancing their businesses.
  • View the full release here: https://www.businesswire.com/news/home/20230313005870/en/
    The inaugural SisBerdaya is a 3-month mentorship and competition programme open to female entrepreneurs in Indonesia.
  • Growing this community is vital to advancing businesses and contributing to the local economy,” said Ms. Sabrina Peng, Chief Sustainability Officer of Ant Group.

BRI Won 2 International Awards at the Asia Trailblazer Awards 2023

Retrieved on: 
Tuesday, March 14, 2023
BBRI, IDR, Current account, BRI, API, Queen's Commendation for Brave Conduct, TBK, Insurance, Record, RBI, Growth, Digital technology, IDX, Motivation, Yoy, Wealth management, Online shopping, Cryptocurrency

(IDX: BBRI) has received two international recognitions at the Retail Banker International (RBI) Asia Trailblazer Awards 2023 in Singapore on 9 March 2023.

Key Points: 
  • (IDX: BBRI) has received two international recognitions at the Retail Banker International (RBI) Asia Trailblazer Awards 2023 in Singapore on 9 March 2023.
  • BRI won 'Best in Current Account Offering' and was 'Highly Commended' for 'Excellence in Mass Affluent Banking'.
  • The RBI Asia Trailblazer Awards is an annual event that recognizes outstanding institutions and individuals in the retail banking sector for their innovative services and commitment to customers.
  • This marks BRI's second year of participation in the event, and they have once again maintained their awards from the previous year.

GH Research Reports Full Year 2022 Financial Results and Provides Business Updates

Retrieved on: 
Thursday, March 2, 2023
Inhalation, Insurance, MADRS, World Health Organization, Psychiatry, INN, The International Pharmacopoeia, DSM-IV codes, Patient, WHO, Patent, Research, International, G&A, GHRS, IDR, TRD, Grammatical mood, IND, Pharmaceutical industry, Cryptocurrency

DUBLIN, Ireland, March 02, 2023 (GLOBE NEWSWIRE) -- GH Research PLC (Nasdaq: GHRS), a clinical-stage biopharmaceutical company dedicated to transforming the treatment of psychiatric and neurological disorders, today reported financial results for the full year ended December 31, 2022 and gave updates on its business.

Key Points: 
  • DUBLIN, Ireland, March 02, 2023 (GLOBE NEWSWIRE) -- GH Research PLC (Nasdaq: GHRS), a clinical-stage biopharmaceutical company dedicated to transforming the treatment of psychiatric and neurological disorders, today reported financial results for the full year ended December 31, 2022 and gave updates on its business.
  • R&D expenses were $20.5 million for the year ended December 31, 2022, compared to $8.6 million for the full year 2021.
  • G&A expenses were $10.1 million for the year ended December 31, 2022, compared to $6.5 million for the full year 2021.
  • The increase was primarily due to higher insurance costs, an increase in professional costs as well as increased employee expenses.

BRI Receives 2 International Awards from The Asset Triple A for Successful ESG Implementations

Retrieved on: 
Monday, February 27, 2023
Sustainable finance, SME, ESG, IDX, IDR, MSME, BBRI, SLL, Asset, State Street Bank and Trust Company, Yoy, Multimedia, TBK, MPEG transport stream, Security (finance), Bank, BRI

Most recently, BRI has received two prestigious awards as 'The Best Issuer for Sustainable Finance' and 'Best Sustainability Linked Loan' from The Asset Triple A, an Asia-based research and business news publisher in the financial industry.

Key Points: 
  • Most recently, BRI has received two prestigious awards as 'The Best Issuer for Sustainable Finance' and 'Best Sustainability Linked Loan' from The Asset Triple A, an Asia-based research and business news publisher in the financial industry.
  • Ahmad Solichin Lufiyanto, BRI's Director of Compliance, has dedicated the awards to all Insan BRILiaN (BRI employees) who have always given their best in empowering SMEs.
  • We take pride in this recognition as it serves as a global validation of our sustainable financial practices."
  • "The SLL helps BRI to measure the overall performance of ESG implementations.

EQS-News: Multitude SE: Fitch Affirms Multitude at 'B+' with Stable Outlook

Retrieved on: 
Thursday, February 23, 2023
SE, ISIN, IDR, WKN, Fitch Ratings, Security (finance)

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Helsinki, 23 February 2023 – Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “the Group”) announces that Fitch Ratings has affirmed Multitude SE's Long-Term Issuer Default Rating (IDR) at 'B+' with Stable Outlook.
  • The senior unsecured notes have been affirmed at 'B+'/RR4 and the subordinated hybrid perpetual capital notes at 'B-'/RR6.

Idaho Strategic Resources Withdraws Proposal to Acquire Westwater Resources

Retrieved on: 
Tuesday, February 14, 2023
Mining, Minerals, Natural Resources, Westwater Resources, IDR, REE, Gold, NYSE, M&A, WWR, Mineral, Cryptocurrency

Idaho Strategic Resources (NYSE American: IDR) (“Idaho Strategic” or “we”) today announced that it has withdrawn its business combination proposal to acquire Westwater Resources, Inc. (NYSE American: WWR) (“WWR” or “Westwater”) for $1.36 per share due to the Board of Directors (the “Board”) of Westwater’s continued unwillingness to constructively engage in discussions around a potential combination.

Key Points: 
  • Idaho Strategic Resources (NYSE American: IDR) (“Idaho Strategic” or “we”) today announced that it has withdrawn its business combination proposal to acquire Westwater Resources, Inc. (NYSE American: WWR) (“WWR” or “Westwater”) for $1.36 per share due to the Board of Directors (the “Board”) of Westwater’s continued unwillingness to constructively engage in discussions around a potential combination.
  • The proposal to build a new domestic critical minerals company represented a share price premium of approximately 73% to the last unaffected trading day for both companies prior to the business combination proposal announcement on December 22, 2022.
  • “We are disappointed that the Westwater Board has refused to even discuss the potential combination of our two companies and ignored our proposal that would deliver immediate and long-term value to all Westwater shareholders,” said John Swallow, Idaho Strategic President and CEO.
  • Our gold operations are hitting stride and the dynamic nature of the REE industry seems to be changing almost daily.

GATX Corporation Announces BBB+ Long-Term Issuer Rating From Fitch Ratings, Inc.

Retrieved on: 
Monday, January 30, 2023
Rail, Air, Transport, Other Transport, F2, General American Marks Company, NYSE, IDR, Cryptocurrency, GATX

GATX Corporation (NYSE: GATX) announced today that Fitch Ratings, Inc. (“Fitch”) has assigned the Company a BBB+ Long-Term Issuer Default Rating (IDR) with a stable outlook, a BBB+ senior unsecured debt rating, an F2 short-term IDR and an F2 commercial paper rating.

Key Points: 
  • GATX Corporation (NYSE: GATX) announced today that Fitch Ratings, Inc. (“Fitch”) has assigned the Company a BBB+ Long-Term Issuer Default Rating (IDR) with a stable outlook, a BBB+ senior unsecured debt rating, an F2 short-term IDR and an F2 commercial paper rating.
  • GATX’s ability to generate strong cash flow through cycles and a predominantly unsecured funding profile also informed Fitch’s assessment.
  • “We are pleased to obtain Fitch’s BBB+ rating with a stable outlook,” said Thomas A. Ellman, executive vice president and chief financial officer of GATX.
  • Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website.

Idaho Strategic Resources Sends Letter to the Board of Westwater Resources Regarding Its Value-Enhancing Business Combination Proposal

Retrieved on: 
Wednesday, January 25, 2023
Mining, Minerals, Natural Resources, Unitary state, Westwater Resources, IDR, Gold, NYSE, Government, Letter, WWR, Westwater, Metal, Growth, Mineral, Communication, Uranium mining, Management, Cryptocurrency, Security (finance)

Idaho Strategic Resources (NYSE American: IDR) (“Idaho Strategic” or “we”) today sent the following letter to the Board of Directors (the “Board”) of Westwater Resources, Inc. (NYSE American: WWR) (“WWR” or “Westwater”) regarding its preliminary business combination proposal to acquire all outstanding shares of Westwater at approximately $1.36 per share in IDR stock.

Key Points: 
  • Idaho Strategic Resources (NYSE American: IDR) (“Idaho Strategic” or “we”) today sent the following letter to the Board of Directors (the “Board”) of Westwater Resources, Inc. (NYSE American: WWR) (“WWR” or “Westwater”) regarding its preliminary business combination proposal to acquire all outstanding shares of Westwater at approximately $1.36 per share in IDR stock.
  • We have since reiterated that proposal in numerous private attempts at engagement – unfortunately, without any meaningful or constructive responses from you.
  • It values Westwater at approximately $1.36 per share, representing a premium of approximately 73% to the last unaffected trading day for both companies prior to the business combination proposal announcement on December 22, 2022.
  • We ask that the Board please take our business combination proposal seriously and we look forward to engaging with you to finalize the terms of our proposal.

BRI Successfully Assisted 34 Million Micro Business and Gained IDR 51.4 Trillion Profit in 2022

Retrieved on: 
Thursday, February 9, 2023
CER, TBK, BBRI, IDR, CAR, Yoy, Capital adequacy ratio, Government, Cost, NPL, DPK, CIR, LDR, Growth, Risk management, MSME, Business credit reports, Multimedia, CASA, KUR, IDX, Cryptocurrency, Bank, BRI

(IDX: BBRI) successfully closed 2022 with net profit of IDR 51.4 trillion, a 67.15% Year-on-Year (YoY) growth.

Key Points: 
  • (IDX: BBRI) successfully closed 2022 with net profit of IDR 51.4 trillion, a 67.15% Year-on-Year (YoY) growth.
  • BRI's fee-based income reached IDR 18.80 trillion in Q4 2022, a 10.16% YoY growth, with an income ratio of 11.37%.
  • BRI disbursed IDR 252.38 trillion of People's Business Credit (KUR) to 6.5 million people in 2022, in accordance with the allocation set by the Government.
  • "BRI is optimistic to achieve its target with its ability to disburse an average of IDR 1 trillion KUR per-day," said BRI Micro-Business Director Supari.