KKR Real Estate Finance Trust Inc. — Moody’s assigns first-time Ba2 backed senior secured rating to KKR Real Estate Finance Trust’s Term Loan B; outlook stable

Rating Action: Moody’s assigns first-time Ba2 backed senior secured rating to KKR Real Estate Finance Trust’s Term Loan B; outlook stable

New York, July 27, 2020 — Moody’s Investors Service, (“Moody’s”) has assigned a first-time Ba3 corporate family rating to KKR Real Estate Finance Trust Inc. (KREF) and a backed Ba2 rating to the company’s senior secured term loan B, issued by subsidiary KREF Holdings X LLC. The outlook for both entities is stable.

The rapid and widening pandemic and corresponding deterioration in the global and US economic outlooks are leading to significant declines in commercial activity, eroding the financial strength of a wide swath of enterprises, including commercial real estate owners and operators, the subject of KREF’s lending activities. As a result, Moody’s expects deterioration in asset quality, profitability and capital in 2020 across the non-bank commercial real estate lending sector.

KREF’s Ba3 corporate family rating reflects the company’s … Read More

Trump Accuses Judge of ‘Stacking the Deck’ Against Him in Tax Ruling

President Donald Trump’s lawyers on Friday accused a federal judge of “stacking the deck” against Trump in his long-running fight to block the Manhattan district attorney from getting his tax returns.

The assertion came in a legal filing in which Trump’s lawyers asked a federal appeals court to scrap a lower court’s decision that would allow the district attorney to obtain the returns and other financial records.

In a forceful and sharply worded brief, Trump’s lawyers said the judge, Victor Marrero of U.S. District Court in Manhattan, had given short shrift to their arguments that a subpoena seeking the tax returns was overly broad and amounted to political harassment.

The appeal was the latest turn in a protracted legal battle that began in August 2019, when the office of the district attorney, Cyrus R. Vance Jr., a Democrat, issued the subpoena to Trump’s accounting firm seeking eight years of the

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Great British Bake Off: 2020 contestants revealed

The Great British Bake Off 2020 contestants
The Great British Bake Off 2020 contestants

A Samaritan, a student and a pantomime producer are just three of the contestants hoping to win this year’s Great British Bake Off.

The show will return to Channel 4 on 22 September after filming was delayed because of the coronavirus pandemic.

This year’s line-up consists of 12 contestants – one fewer than the baker’s dozen who competed last year.

Matt Lucas will replace Sandi Toksvig as host, joining the returning Noel Fielding.

Paul Hollywood and Prue Leith will be on hand to judge the best bakes in the famous white tent.

The bakers were selected by April, but coronavirus restrictions meant the filming schedule had to be rewritten, and the series will reach screens a month later than usual.

The show is normally filmed over three months, largely at weekends. However, this year the producers asked the contestants to take six

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With All The Reasons: Is Publishing a Book Worth The Effort?

There seems to be a great divide about how many pros and cons there are to self-publishing and traditional publishing. In fact, ask a person who has seen success with self-publishing (or traditional publishing) and more often than not, there are more pros to self-publishing than there are with traditional publishing. Those who believe in traditional publishing and those who are firm in their belief on self-publishing, seems to always point out the many good points to their style or type of publishing.

The fact remains that yes, publishing your book is worth the effort of writing and the publishing of your book. But the question really becomes what is the cost of publishing that we do not often think about?

For Both types of publishing: Lack of sleep, late nights editing, correcting, rewriting, rereading your manuscripts. Then doing it all over again. There are other commitments to think about … Read More

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