| AM Best Assigns Ratings to Starbound Re II’s Senior Term Loan ...
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has assigned debt ratings of "a-" to the $55 million senior unsecured term loan facility, "bbb" to the $130 million senior unsecured term loan facility and "bb-" to the $54 million senior secured term loan facility (the term loans), all due on August 20, 2009 of Starbound Reinsurance II Limited (Starbound or the issuer), a Bermuda limited life special purpose Class 3 reinsurer. Concurrently, A.M. Best has assigned an issuer credit rating of "a" to the issuer. The outlook for all ratings is stable. The primary business purpose for the creation of the issuer is to provide additional retrocessional property catastrophe capacity to the clients of Renaissance Reinsurance Ltd. (RenRe) (Hamilton, Bermuda), the cedent in the Florida market.
Plumas County news on-line
A man accused in the shooting death of his 19-year-old friend May 17 at Valley Heights Apartments in Quincy has been charged with homicide with an enhancement of using a firearm.
Those are the official charges from the district attorney's office. The accused man, Willard Marvin James Bradley, 21, is scheduled to appear in Plumas County Superior Court tomorrow. A court-appointed attorney, former District Attorney James Reichle, is representing him. Reichle said Judge Ira Kaufman asked him May 21 if he would take the case. Some of the four contracted public defenders had conflicts because they had either represented one of the men or their families in the past. Reichle said that he has handled at least a dozen homicide cases in his career. He has handled both prosecution and defense.
Bernanke's Remarks on Housing
Over the past four quarters, the U.S. real gross domestic product (GDP) has increased at an average rate of about 2 percent. Growth during the first quarter of this year was held down by some factors -- notably, significant declines in inventory accumulation, net exports, and federal defense spending -- that seem likely to be at least partially reversed in the near term. Of course, the adjustment in the housing sector is still ongoing, and the ... .
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