DBRS, Inc. (DBRS Morningstar) confirmed its ratings on all classes of notes issued by LoanCore 2022-CRE7 Issuer Ltd. All trends are Stable. The rating confirmations reflect the overall stable performance of the transaction, which has remained in line with DBRS Morningstar’s expectations since issuance as the trust continues to be primarily secured by multifamily collateral with the exception of one manufactured-housing property.
Unipol Gruppo S.p.A. (Unipol or the Group) reported a consolidated net profit of EUR 517 million in H1 2023, a reduction of around 24% from the consolidated net profit in H1 2022 reported, according to the IFRS 4 accounting standard. However, H1 2023 net profit was 19% higher than the reclassified H1 2022 net income of EUR 433 million calculated, according to the new IFRS 17 accounting standard on insurance contracts that came into force on the January 1, 2023.
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