News Results

  1. AM Best Downgrades Credit Ratings of Sun Re Ltd; Places Credit Ratings Under Review With Negative Implications; Withdraws Credit Ratings
    Business Wire | 06:46 PM EDT

    AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb-? of Sun Re Ltd. At the same time, AM Best has placed these Credit Ratings under review with negative implications.

  2. JBT Corporation Schedules a Joint Conference Call to Discuss the Voluntary Takeover Offer to Acquire All Outstanding Marel hf. Shares
    Business Wire | 05:35 PM EDT

    JBT Corporation, a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that it expects the Icelandic Financial Supervisory Authority of the Central Bank of Iceland to imminently approve the offer document and prospectus related to JBT?s voluntary takeover offer to acquire all issued and outstanding shares of Marel hf..

  3. AM Best Revises Issuer Credit Rating Outlook to Positive for The Hartford Financial Services Group, Inc. and Its Subsidiaries
    Business Wire | 04:59 PM EDT

    AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings and affirmed the Long-Term ICR of ?a-? and the Long-Term Issue Credit Ratings of The Hartford Financial Services Group, Inc. (HIG) [NYSE: HIG], which is the ultimate parent of the companies hereinafter mentioned.

  4. AM Best Upgrades Credit Ratings of Liberty Union Life Assurance Company
    Business Wire | 11:38 AM EDT

    AM Best has upgraded the Financial Strength Rating to B+ from B and the Long-Term Issuer Credit Rating to ?bbb-? from ?bb+? of Liberty Union Life Assurance Company. The ratings reflect Liberty Union Life?s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.

  5. Expanding Housing Access and Strengthening Communities: FHLBank Chicago Launches Impact Report
    Business Wire | 11:00 AM EDT

    New report showcases last year?s contributions to affordable housing and community development in Illinois and Wisconsin The Federal Home Loan Bank of Chicago released its 2023 Impact Report: Investing in Opportunities today, providing a comprehensive look at the Bank?s support for its financial institution members and their communities across Illinois and Wisconsin throughout last year.

  6. Office Properties Income Trust Announces Final Results of Private Exchange Offers Relating to Existing Unsecured Senior Notes
    Business Wire | 08:00 AM EDT

    Office Properties Income Trust (OPI) today announced the final results for the previously announced private exchange offers to exchange its outstanding senior unsecured notes due 2025, 2026, 2027 and 2031 for new 9.000% Senior Secured Notes due 2029 and related guarantees pursuant to the terms and conditions set forth in an Offering Memorandum, dated as of May 1, 2024, as amended by OPI?s press relea...

  7. Transtar Holding Company Shifts into High Gear with PPi Automotive Add-on
    Business Wire | 06:00 AM EDT

    Family-owned PPi marks Transtar Holding Company?s fourth acquisition in 16-month period Blue Point Capital Partners and its portfolio company, Transtar Holding Company, are pleased to announce the acquisition of PPi Automotive, a family-owned and -operated automotive parts wholesale distributor.

  8. KBRA Assigns Preliminary Ratings to New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series, 2024A
    Business Wire | 06/17/24 06:43 PM EDT

    KBRA assigns preliminary ratings to NYSERDA Green Revenue Bonds, Series 2024A, a consumer solar loan and home improvement loan ABS transaction. This transaction represents New York State Energy Research and Development Authority?s first term ABS securitization of 2024 and sixth KBRA-rated securitization.

  9. BankPlus and FHLB Dallas Provide $65K for Clothing Boutique Purchase
    Business Wire | 06/17/24 03:12 PM EDT

    Small Business Boost Loan Helps Mississippi Couple Buy Business. A $65,000 Small Business Boost loan from the Federal Home Loan Bank of Dallas, through FHLB Dallas member BankPlus, helped a Mississippi couple complete the purchase of a clothing boutique and hire two part-time employees. This press release features multimedia.

  10. AM Best Affirms Credit Ratings of AVLA Per? Compa??a de Seguros S.A.
    Business Wire | 06/14/24 05:16 PM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of AVLA Per? Compa??a de Seguros S.A. . The outlook of these Credit Ratings is stable. The ratings reflect AVLA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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