Rukick

  Full Video >> OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “aaa” (Exceptional) to the $500 million, 5.25% senior unsecured medium-term notes, due June 1, 2027, issued by USAA Capital Corporation (headquartered in San Antonio, TX). The outlook assigned to the Credit Rating (rating) is stable. All other ratings of USAA Capital Corporation and its insurance affiliates remain unchanged. AM Best notes that USAA Capital Corporation’s $500 million, 0.5% senior unsecured medium-term notes issued in 2021 matured on May 1, 2024. The net impact of the debt transactions results in stable financial leverage, which remains within AM Best’s guidelines for the current ratings. This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this...

  Full Video>> (Reuters) -European trade group CISPE denied a report on Saturday that it was nearing a settlement with Microsoft to withdraw its antitrust complaint with the European Commission about the U.S. company's cloud computing licensing practices. CISPE, whose members include Amazon and 26 small EU cloud providers, filed a complaint with the European Commission in late 2022 alleging that Microsoft's new contractual terms were harming Europe's cloud computing ecosystem. Politico reported earlier that Microsoft was closing in on a multi-million euro deal with CISPE for it to drop its complaint, citing two unnamed sources. "These rumors are incorrect," said Cloud Infrastructure Services Providers in Europe, when contacted by Reuters about the Politico report. "Discussions between CISPE and Microsoft are ongoing, and while proposals have been made, no agreement has been reached." "Any offer will need to be submitted for acceptance to the a...