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Agriland
21-05-2025
- General
- Agriland
Call for support for farmers after land destroyed by gorse fires
A Fine Gael senator has raised incidents of gorse fires in Roscommon in the Seanad this week and has called for support for those who have suffered financial losses. Senator Gareth Scahill from the Roscommon-Galway constituency raised the matter following a weekend of wild fires around the Gortaganny area of west Roscommon. Fire crews from Roscommon, with support from fire crews in neighbouring Mayo and an air support helicopter, tackled the blaze for 36 hours in the townlands of Gortaganny, Granlahan, and surrounding areas. It is believed thousands of hectares of forestry and bog have been destroyed as a result. Roscommon County Council posted a message warning the public to be careful as the fire spread. 'We urge members of the public to exercise extreme caution following an extensive fire outbreak in the west Roscommon area at the weekend,' the council stated. Image: Roscommon County Council X 'Residents in the area please close windows and doors to avoid smoke. Avoid affected areas to allow emergency services continue their work.' Speaking in the Seanad, Senator Scahill said: 'I'd like to compliment the local fire service for their response, the support of the fire services from neighbouring counties, the air support for the helicopters providing water and for getting the actual fire under control over 36 hours. 'There are a number of landowners down there now who have lost significantly in relation to forestry and in relation to pension opportunities that they had; some farmers up to 100,000 [euro] in damages. 'On Friday last, the Cahir Gortaganny area was one of the new walks accepted onto the national Walks Scheme that was part of a national announcement and over the weekend that special area of conservation [SPC] was significantly damaged during the spread of these wild gorse fires,' he added. The senator stressed that he would like the heritage minister, Christopher O'Sullivan to adress the Seanad about supporting the landowners in the special areas of conservation. He outlined that community groups in the area have worked voluntarily for years to develop and maintain the SPCs and to have all that work destroyed over last weekend has been devastating. Responding in the Seanad on behalf of the government, Minister of State at the Department of the Taoiseach, Seán Kyne said: 'I would like to commend all the fire fighters and first responders in relation to those fires and show solidarity and sympathy to those who have lost property and have had damages enacted to their property. 'I'll certainly request a debate with the minister on that and obviously it's disappointing to see damage as well to SACs and areas of conservation.' Other gorse fires Meanwhile, emergency teams have also been tackling gorse fires in Co. Wexford over the past few days. Fire damage at Tara Hill, Gorey. Image source: Neighbouring farmer, Padraig Doyle, chair Wexford ICMSA There has been significant damage to forestry near Gorey in about three or four separate areas, according to a spokesperson for the county council. Fire crews stood down from the fire around Tara Hill about about 9:00a.m yesterday (Tuesday, May 20) with road crews also standing down. Coillte staff remained at the scene checking hotspots and managing small rekindling with beaters. A very large water tanker and a bulldozer also remained on site yesterday. The fire service in Gorey and Bunclody resumed normal operations again yesterday once the gorse fire was under control. Tara Hill, Gorey. Image source: Padraig Doyle The council has said that the attendance of Coillte and the Air Corps helicopter 'greatly helped with the incident, reaching isolated difficult to access and dangerously steep terrain'.
Associated Press
10-02-2025
- Business
- Associated Press
KBRA Assigns Preliminary Ratings to FREMF 2025-K759 and Freddie Mac Structured Pass-Through Certificate Series K-759
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2025-K759 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-759. FREMF 2025-K759 is an $857.5 million CMBS multi-borrower transaction. Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2025-K759 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs. The underlying transaction is collateralized by 24 fixed-rate multifamily mortgage loans. The loans have principal balances that range from $7.8 million to $79.3 million. The largest loan in the pool, Canfield Park At Fairfield Metro (9.2%), has an in-trust principal balance of $79.3 million and is secured by a Class-A, mid-rise multifamily complex located in Bridgeport, Connecticut. The five largest loans represent 39.1% of the cut-off date balance and also include The Haven Of Ann Arbor (8.9%), Newark Urby (7.4%), Carrara At Cole (6.9%), and Kensington Park (6.6%). The assets are located in 15 states, with the three largest concentrations in Texas (17.5%), Connecticut (14.8%), and Michigan (11.1%). KBRA's analysis of the underlying transaction incorporated our CMBS Multi-Borrower rating process that begins with our analysts' evaluation of the underlying collateral properties' financial and operating performance, which is used to determine KBRA's estimate of sustainable net cash flow (KNCF) and KBRA value using our North American CMBS Property Evaluation Methodology. KBRA's weighted average KNCF for the portfolio is 6.1% less than the issuer's NCF. KBRA capitalization rates were applied to each asset's KNCF to derive individual property values that, on an aggregate basis, were 38.0% less than third-party appraisal values. The weighted average KBRA capitalization rate for the transaction is 8.58%. The KBRA credit model deploys rent and occupancy stresses, probability of default regressions, and loss-given default calculations to determine losses for each collateral loan, which are then used to assign our credit ratings. To access ratings and relevant documents, click here. Click here to view the report. Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. +1 646-731-1364 [email protected] Wolinsky, Senior Director +1 646-731-2379 [email protected] Bhasin, Senior Managing Director, Global Head of CMBS (Rating Committee Chair) +1 646-731-2334 [email protected] Development ContactAndrew Foster, Director +1 646-731-1470 [email protected] SOURCE: Kroll Bond Rating Agency, LLC Copyright Business Wire 2025. PUB: 02/10/2025 03:09 PM/DISC: 02/10/2025 03:08 PM
