Moody's Investors Service, ("Moody's") has today affirmed the local- and foreign-currency long-term deposit ratings of National Bank of Bahrain BSC (NBB) at B2/B3 and the local- and foreign-currency long-term issuer ratings of Bahrain Islamic Bank B.S.C. (BISB) at B2/B3. At the same time the rating agency has affirmed the Baseline Credit Assessment (BCA) and Adjusted BCA for NBB and BISB at b2/b2.
The U.S. Department of Commerce announced today a final determination in its “changed circumstances review” of antidumping duty (AD) and countervailing duty (CVD) orders on imports of Argentine biodiesel. As a result, the rates on biodiesel imports from Argen…
The U.S. Department of Agriculture is making up to $100 million in competitive grants available to help expand the availability and sale of renewable fuels. The Higher Blends Infrastructure Incentive Program (HBIIP) consist of up to $100 million in funding fo…
CEF distribution coverage forms an integral part of many income investor allocation decisions.We discuss where lazy distribution coverage calculations can go awry and provide some best-practice recommendations.We also highlight a number of BlackRock municipal…
Until mid-February this year, markets were making new all-time highs. Then suddenly, they were hit hard by a pandemic and resulting economic shutdowns that no one could have predicted.From time to time, especially after a big market correction, we like to stu…
During the last few months, most closed-end funds have been hit hard. Moreover, their recovery has been much slower than that of the rest of the market.However, it does not make them bad investments. For income investors, CEFs remain an attractive investment …
Markets on the week were little changed, but did end on a down note and some friction boiling up again on the trade front.We discuss the closed-end fund news of the week including distribution changes and some opportunities.There were some swapping opportunit…
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of National Bank of Bahrain BSC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
[Nyasa Times] TNM Super League defending champions Nyasa Big Bullets expatriate head coach Callisto Pasuwa says he is very impressed with how his players are responding to the training fitness programmes which they have been following since government through…
We regularly write about multi-basket income strategies. They mostly have the same underlying principles but vary in terms of income needs, growth goals, and risk levels.We wanted to analyze and give readers a view of how they would have fared during this unp…
[Ghanaian Times] The Adentan Municipal Assembly in the Greater Accra Region has presented items worth GH¢50,000 to the Muslim community in the municipality.
This article is part of our monthly series where we highlight five companies that are large cap, relatively safe, dividend paying, and are offering large discounts to their historical norms.These are not normal times, so we adjust our strategy a little bit to…
Most companies in the Nest Egg Portfolio have suspended payments, so the anticipated cash inflow this year will be lower than expected.This also means we need to protect the existing cash to avoid running into a liquidity issue if certain put options expire i…
We go through Nuveen taxable and muni CEFs looking at coverage ratios, UNIIs, and trends.These monthly reports can provide valuable insight into whether or not a distribution is safe or not. More importantly, why a fund may trade cheap or rich.We look at som…
Sound describes the credit quality. But it doesn't do justice to the stellar performance.