Latest news with #DBRS
National Post
7 days ago
- Business
- National Post
SmartStop Receives BBB Credit Rating From Morningstar DBRS
Article content LADERA RANCH, Calif. — SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced that DBRS, Inc. ('Morningstar DBRS') has assigned an Issuer Rating of BBB with a Stable trend to SmartStop OP, L.P., the operating partnership of SmartStop. The rating was based on the credit risk profile of SmartStop and its subsidiaries (including SmartStop OP, L.P.). Morningstar DBRS also assigned a senior unsecured debt rating on SmartStop's 2032 Private Placement Notes of BBB with a stable trend. Article content Article content The rating is supported by information submitted to Morningstar DBRS as of May 21, 2025, including management presentations, financial forecasts, annual reports, and organizational documentation. Article content Assumptions underlying the rating include the expectation that any future senior unsecured debt issued by SmartStop OP, L.P. will be unsubordinated and rank equally with its other unsecured obligations. These obligations are also expected to be fully guaranteed by SmartStop and its subsidiaries, consistent with the guarantees provided under its existing credit agreement and in accordance with Morningstar DBRS' Global Corporate Criteria. Article content About SmartStop Self Storage REIT, Inc. (SmartStop): Article content SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE:SMA) is a self-managed REIT with a fully integrated operations team of approximately 590 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of May 28, 2025, SmartStop has an owned or managed portfolio of 220 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,100 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 41 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at Article content Article content Article content Article content Article content
The Hindu
16-05-2025
- Business
- The Hindu
MPOWER Financing Securitizes $313.2 Million to Fuel Indian Students' Dreams Abroad
BENGALURU, MAY 16, 2025 — MPOWER Financing ('MPOWER'), a mission-driven fintech firm and the leader in international student financing, today announced the completion of its second securitization, MPOWER Education Trust 2025-A ('MPOWR 2025-A'). The $313.2 million collateral pool is composed of U.S. dollar-denominated, fixed-rate loans made to international students attending leading American and Canadian universities. The securitization size exceeds MPOWER's inaugural securitization of$215.2 million in 2024, and allows MPOWER to continue to scale loans issued primarily to graduate international students at more than 500 leading colleges and universities across the United States and Canada. This milestone is particularly significant for students from India who often face barriers in accessing affordable education financing abroad. The securitization will enable MPOWER to expand its reach and offer more students — especially talented Indian students — the opportunity to pursue higher education at top institutions without the need for a co-signer, collateral, or U.S. credit history. Thousands of Indian students leverage MPOWER's support every year to access premier universities in the U.S. and Canada. By broadening access to financing, MPOWER is helping to empower the next generation of global leaders and drive socio-economic mobility for students worldwide. Key deal elements: ● The nearly 50% increase in collateral pool size over MPOWER's inaugural ABS reflects the company's robust year-over-year growth and reinforces its commitment to being a repeat, programmatic issuer in the ABS market. ● All three bond classes were oversubscribed despite a larger deal size and ongoing bond market volatility, underscoring investor confidence in the credit quality of MPOWER's loan portfolio and demand for global graduate STEM talent in North America. ● A number of investors from the 2024 securitization participated in MPOWR 2025-A, while several new investors expanded the investor base. Deutsche Bank Securities Inc. served as the Structuring Agent and Joint Bookrunner, with Goldman Sachs & Co. LLC as Joint Bookrunner. MPOWR 2025-A consisted of three tranches of notes. Morningstar DBRS ('DBRS') & Kroll Bond Rating Agency ('KBRA') rated the Class A Notes 'A'(sf)/'A'(sf), respectively. DBRS rated the Class B Notes 'BBB'(sf) and Class C Notes and 'BB(low)'(sf). The securitization's investors include blue-chip names spanning asset management, pension plans, and insurance funds. Strong demand amid a shifting landscape Despite macroeconomic concerns, MPOWER Financing is experiencing a significant uptick in demand from Indian graduate students pursuing higher education in the U.S. and Canada. Indian students are drawn by MPOWER's fixed-rate, U.S. dollar-denominated loans that provide students with financial stability and peace of mind amid a potentially uncertain currency and interest rate environments. Backed by prominent Wall Street institutions, MPOWER's commitment to empowering international students resonates strongly with those seeking advanced degrees in high-demand fields such as STEM, artificial intelligence, business, and healthcare. This deal comes at a critical time as demand for education financing among international students, particularly from India, continues to rise. Some key findings from MPOWER's 2024 Social Impact Report highlight the transformative impact of its financing solutions: ● India at the forefront: Thousands of Indian students have leveraged MPOWER's support to access premier universities in the U.S. and Canada. ● 15x income growth: MPOWER students who graduate and secure employment in the U.S. experience an average 15x increase in their pre-graduation household income, emphasizing the transformative power of their education. ● Strengthening families: 75% of surveyed MPOWER students send an average of $645 (approximately ₹50,000) per month back home to support their families after graduation, fostering economic upliftment across borders. 'MPOWER is proud to be at the forefront of ensuring that the best and brightest students—from across the globe—have access to the financing they need to realize their educational dreams,' said Manu Smadja, Chief Executive Officer of MPOWER. 'Investors recognize the value of this diverse student segment: ambitious, resilient, and contributing to the global economy in critical sectors like STEM and new paradigms driving business, such as AI. By supporting them, we are strengthening our business model and fueling innovation and economic growth in North America.' 'This securitization speaks to the growing demand for high-quality student financing,' said Jatin Rajput, MPOWER's Chief Financial Officer. 'Our second securitization further validates our status as a repeat issuer and underscores the demand for international student loans as an asset class among institutional investors.' About MPOWER Financing MPOWER Financing, headquartered in Washington, D.C., and with employees worldwide, is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international students. MPOWER works with over 500 top universities across the U.S. and Canada to provide financing to students from over 200 countries. For more information, visit Media Contact Madhushri Verma 'This is a company press release that is not part of editorial content. No journalist of The Hindu was involved in the publication of this release.'
Business Standard
14-05-2025
- Business
- Business Standard
MPOWER Financing Securitizes $313.2 Million to Fuel Indian Students' Dreams Abroad
VMPL Bengaluru (Karnataka) [India], May 14: MPOWER Financing ("MPOWER"), a mission-driven fintech firm and the leader in international student financing, today announced the completion of its second securitization, MPOWER Education Trust 2025-A ("MPOWR 2025-A"). The $313.2 million collateral pool is composed of U.S. dollar-denominated, fixed-rate loans made to international students attending leading American and Canadian universities. The securitization size exceeds MPOWER's inaugural securitization of $215.2 million in 2024, and allows MPOWER to continue to scale loans issued primarily to graduate international students at more than 500 leading colleges and universities across the United States and Canada. This milestone is particularly significant for students from India who often face barriers in accessing affordable education financing abroad. The securitization will enable MPOWER to expand its reach and offer more students -- especially talented Indian students -- the opportunity to pursue higher education at top institutions without the need for a co-signer, collateral, or U.S. credit history. Thousands of Indian students leverage MPOWER's support every year to access premier universities in the U.S. and Canada. By broadening access to financing, MPOWER is helping to empower the next generation of global leaders and drive socio-economic mobility for students worldwide. Key deal elements: -The nearly 50% increase in collateral pool size over MPOWER's inaugural ABS reflects the company's robust year-over-year growth and reinforces its commitment to being a repeat, programmatic issuer in the ABS market. -All three bond classes were oversubscribed despite a larger deal size and ongoing bond market volatility, underscoring investor confidence in the credit quality of MPOWER's loan portfolio and demand for global graduate STEM talent in North America. -A number of investors from the 2024 securitization participated in MPOWR 2025-A, while several new investors expanded the investor base. Deutsche Bank Securities Inc. served as the Structuring Agent and Joint Bookrunner, with Goldman Sachs & Co. LLC as Joint Bookrunner. MPOWR 2025-A consisted of three tranches of notes. Morningstar DBRS ("DBRS") & Kroll Bond Rating Agency ("KBRA") rated the Class A Notes 'A'(sf)/'A'(sf), respectively. DBRS rated the Class B Notes 'BBB'(sf) and Class C Notes and 'BB(low)'(sf). The securitization's investors include blue-chip names spanning asset management, pension plans, and insurance funds. Strong demand amid a shifting landscape Despite macroeconomic concerns, MPOWER Financing is experiencing a significant uptick in demand from Indian graduate students pursuing higher education in the U.S. and Canada. Indian students are drawn by MPOWER's fixed-rate, U.S. dollar-denominated loans that provide students with financial stability and peace of mind amid a potentially uncertain currency and interest rate environments. Backed by prominent Wall Street institutions, MPOWER's commitment to empowering international students resonates strongly with those seeking advanced degrees in high-demand fields such as STEM, artificial intelligence, business, and healthcare. This deal comes at a critical time as demand for education financing among international students, particularly from India, continues to rise. Some key findings from MPOWER's 2024 Social Impact Report highlight the transformative impact of its financing solutions: -India at the forefront: Thousands of Indian students have leveraged MPOWER's support to access premier universities in the U.S. and Canada. -15x income growth: MPOWER students who graduate and secure employment in the U.S. experience an average 15x increase in their pre-graduation household income, emphasizing the transformative power of their education. -Strengthening families: 75% of surveyed MPOWER students send an average of $645 (approximately Rs50,000) per month back home to support their families after graduation, fostering economic upliftment across borders. "MPOWER is proud to be at the forefront of ensuring that the best and brightest students--from across the globe--have access to the financing they need to realize their educational dreams," said Manu Smadja, Chief Executive Officer of MPOWER. "Investors recognize the value of this diverse student segment: ambitious, resilient, and contributing to the global economy in critical sectors like STEM and new paradigms driving business, such as AI. By supporting them, we are strengthening our business model and fueling innovation and economic growth in North America." "This securitization speaks to the growing demand for high-quality student financing," said Jatin Rajput, MPOWER's Chief Financial Officer. "Our second securitization further validates our status as a repeat issuer and underscores the demand for international student loans as an asset class among institutional investors." About MPOWER Financing MPOWER Financing, headquartered in Washington, D.C., and with employees worldwide, is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international students. MPOWER works with over 500 top universities across the U.S. and Canada to provide financing to students from over 200 countries. For more information, visit
Economic Times
12-05-2025
- Business
- Economic Times
ET Market Watch: Sensex soars nearly 3,000 points! Ceasefire & global cues trigger record rally
Transcript Indian equities surged over 3.7% on Monday, marking their strongest session in nearly a year as easing India-Pakistan border tensions, progress on the US-China trade front, and positive domestic cues fuelled broad-based BSE Sensex rallied 2,975 points (3.74%) to close at 82,429.90, while the Nifty 50 jumped 916 points (3.82%) to end at 24,924.70. Investor wealth rose by ₹15.46 lakh crore as BSE's market cap hit ₹432.47 lakh Drove the Rally: 7 Key Factors1. India-Pakistan CeasefireA weekend ceasefire brought relief from escalating cross-border tensions, sparking risk-on sentiment and a sharp rebound from last week's losses.2. US-China Trade BreakthroughA 90-day pause on new tariffs and reduced existing duties lifted global markets. The move signaled de-escalation in a prolonged trade war, boosting investor confidence.3. Record SIP InflowsDomestic mutual fund SIPs hit a record ₹26,632 crore in April, with FY25 flows up 45% YoY. Resilient retail participation helped sustain the rally.4. India's Credit Rating UpgradeMorningstar DBRS raised India's sovereign rating to *BBB (Stable)*, citing stronger macro fundamentals—reinforcing the nation's investment appeal.5. Broad-Based Sectoral GainsAll major indices ended in the green. Nifty IT led with 6.7% gains, followed by Realty (5.9%), Auto (3.4%), and PSU Banks (3.3%). Mid- and small-caps rose over 4%.6. Technical BreakoutThe Nifty broke out of consolidation zones with strength above 24,350. Analysts see potential for an extension towards 25,350–25,750 in the near term.7. Rising Oil Prices on Trade OptimismBrent crude rose 3.2%, lifting energy stocks and supporting a positive global Monday's rally reflects improved sentiment, analysts remain cautious amid geopolitical uncertainties. Consolidation may follow, but strong domestic flows and broad participation could keep the momentum alive—especially in mid- and small-cap stocks.
Economic Times
12-05-2025
- Business
- Economic Times
Sensex soars nearly 3,000 points! Ceasefire & global cues trigger record rally
Transcript Indian equities surged over 3.7% on Monday, marking their strongest session in nearly a year as easing India-Pakistan border tensions, progress on the US-China trade front, and positive domestic cues fuelled broad-based BSE Sensex rallied 2,975 points (3.74%) to close at 82,429.90, while the Nifty 50 jumped 916 points (3.82%) to end at 24,924.70. Investor wealth rose by ₹15.46 lakh crore as BSE's market cap hit ₹432.47 lakh Drove the Rally: 7 Key Factors1. India-Pakistan CeasefireA weekend ceasefire brought relief from escalating cross-border tensions, sparking risk-on sentiment and a sharp rebound from last week's losses.2. US-China Trade BreakthroughA 90-day pause on new tariffs and reduced existing duties lifted global markets. The move signaled de-escalation in a prolonged trade war, boosting investor confidence.3. Record SIP InflowsDomestic mutual fund SIPs hit a record ₹26,632 crore in April, with FY25 flows up 45% YoY. Resilient retail participation helped sustain the rally.4. India's Credit Rating UpgradeMorningstar DBRS raised India's sovereign rating to *BBB (Stable)*, citing stronger macro fundamentals—reinforcing the nation's investment appeal.5. Broad-Based Sectoral GainsAll major indices ended in the green. Nifty IT led with 6.7% gains, followed by Realty (5.9%), Auto (3.4%), and PSU Banks (3.3%). Mid- and small-caps rose over 4%.6. Technical BreakoutThe Nifty broke out of consolidation zones with strength above 24,350. Analysts see potential for an extension towards 25,350–25,750 in the near term.7. Rising Oil Prices on Trade OptimismBrent crude rose 3.2%, lifting energy stocks and supporting a positive global Monday's rally reflects improved sentiment, analysts remain cautious amid geopolitical uncertainties. Consolidation may follow, but strong domestic flows and broad participation could keep the momentum alive—especially in mid- and small-cap stocks.
