SANTIAGO, Chile, Dec 11 (Bernama-BUSINESS WIRE) — EnfraGen Energía Sur, S.A.U., Prime Energía SpA, and EnfraGen Spain, S.A.U., (the “Issuers”) announced today that they will issue US$710 million 5.375% senior secured notes (the “Notes”) on December 17, 2020 pursuant to a Rule 144A/Regulation S transaction. The Notes mature in 2030 and…

KUALA LUMPUR, Dec 11 (Bernama) — Supported by strong sales in November 2020 by both UMW Toyota Motor (UMWT) and its associate company, Perodua, the Automotive segment of UMW Holdings Berhad is on track to meet its full-year sales targets.  The Group’s automotive segment has steadily recovered from the adverse impact…

PADERBORN, Germany, and QUEBEC CITY, Canada, Dec 11 (Bernama-GLOBE NEWSWIRE) —dSPACE, one of the world’s leading providers of simulation and validation solutions, and LeddarTech®, a leader in Level 1 to 5 ADAS and AD sensing technology, have entered into a partnership to jointly drive forward the development of LiDAR technologies for…

SINGAPORE, Dec 11 (Bernama-BUSINESS WIRE) — AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Pacific International Insurance Pty Limited (Pacific) (Australia). The Credit Ratings (ratings) reflect Pacific’s balance sheet strength, which AM…

HONG KONG, Dec 11 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Korean Reinsurance Company (KRE) (South Korea). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect KRE’s balance sheet strength, which…

HONG KONG, Dec 11 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of China Taiping Insurance (HK) Company Limited [CTPI(HK)] (Hong Kong). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect CTPI(HK)’s balance sheet strength,…

EL SEGUNDO, Calif., Dec 11 (Bernama-GLOBE NEWSWIRE) — Phoenix Software International, Inc., today announced it has expanded its source code licensing agreement with IBM for IBM z/OS® JES3. As part of the agreement, Phoenix Software International plans to build on their initial JES3 source code license to add additional components in the Bulk Data…

SINGAPORE, Dec 11 (Bernama-BUSINESS WIRE) — AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” to Fubon Insurance Vietnam Co., Ltd. (Fubon Vietnam) (Vietnam). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Fubon Vietnam’s balance sheet strength,…

SINGAPORE, Dec 11 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Malaysian Reinsurance Berhad (Malaysian Re) (Malaysia). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Malaysian Re’s balance sheet strength, which AM Best…

KUALA LUMPUR, Dec 11 (Bernama) — PETRONAS has successfully pared down its shareholdings in MISC Berhad (“MISC”) and KLCCP Stapled Group (“KLCC SG”) on Bursa Malaysia Securities on 10 December 2020 via an equity accelerated bookbuilding exercise. The pare down was carried out as part of PETRONAS’ continued portfolio optimisation…