News Results

  1. AM Best Affirms Credit Ratings of RSUI Group?s Members
    Business Wire | 02/14/25 12:05 PM EST

    AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of RSUI Indemnity Company and its reinsured subsidiaries, collectively referred to as RSUI Group.

  2. AM Best Affirms Credit Ratings of Gulf Insurance Limited
    Business Wire | 02/14/25 11:35 AM EST

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Gulf Insurance Limited. The ratings reflect Gulf?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

  3. Office Properties Income Trust Issues Supplement to Previously Announced Private Exchange Offers Relating to Existing Senior Unsecured Notes to Reflect Certain Financial Information in its 10-K Filed Earlier Today
    Business Wire | 02/13/25 10:17 PM EST

    Office Properties Income Trust (OPI) today announced that it has supplemented the Offering Memorandum dated as of February 7, 2025 with respect to its previously announced private exchange offers to exchange its outstanding senior unsecured notes due 2026, 2027 and 2031 for new 8.000% Senior Priority Guaranteed Unsecured Notes due 2030 and related guarantees pursuant to the terms and conditions set f...

  4. Federal Home Loan Bank of Dallas and Bonvenu Bank Award $50K in Grants to Two Louisiana Nonprofits
    Business Wire | 02/13/25 05:04 PM EST

    Funds Will Be Used for Financial Property Education, Will Planning and Legal Clinics. The Federal Home Loan Bank of Dallas, through its member Bonvenu Bank, awarded $50,000 in Heirs? Property Program grants to two organizations that support resolving heirs? property issues in the Baton Rouge, Louisiana, area. This press release features multimedia.

  5. Federal Home Loan Bank of Dallas and Bonvenu Bank Award $25K Grant to The Fuller Center for Housing of Northwest Louisiana
    Business Wire | 02/13/25 04:55 PM EST

    Funds Will Be Used for Financial Property Education. The Federal Home Loan Bank of Dallas, through its member Bonvenu Bank, awarded a $25,000 Heirs? Property Program grant to the Fuller Center for Housing of Northwest Louisiana during a ceremonial check presentation this week. This press release features multimedia.

  6. University of Phoenix National Workforce Director Named Chairwoman of the Las Vegas Global Economic Alliance Board of Directors
    Business Wire | 02/13/25 01:31 PM EST

    Lauri Perdue brings more than two decades of experience in workforce development and higher education to the role University of Phoenix is pleased to announce that National Workforce Director Lauri Perdue has been appointed Chairwoman for the Las Vegas Global Economic Alliance Board of Directors following her tenure as vice chair since January 2023.

  7. AM Best Affirms Credit Ratings of Cincinnati Financial Corporation and Subsidiaries
    Business Wire | 02/13/25 01:07 PM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of the property/casualty insurance subsidiaries of Cincinnati Financial Corporation and The Cincinnati Life Insurance Company.

  8. Royal Bank of Canada and Subsidiary City National Bank Announce Jersey Partnership With the LA Galaxy and Founding Partnership With Dignity Health Sports Park
    Business Wire | 02/13/25 10:33 AM EST

    Multiyear agreement reinforces the banks? shared commitment to the growth of soccer and the Los Angeles community The reigning 2024 Major League Soccer Cup champion LA Galaxy have launched a partnership with Royal Bank of Canada, one of the largest global financial institutions based on market capitalization, and its Los Angeles based subsidiary, City National Bank ? the largest bank headqu...

  9. AM Best Upgrades Issuer Credit Ratings of Nassau Financial Group, L.P. Operating Insurance Subsidiaries
    Business Wire | 02/13/25 10:22 AM EST

    AM Best has upgraded the Long-Term Issuer Credit Ratings to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Nassau Life Insurance Company, Nassau Life and Annuity Company and Nassau Life Insurance Company of Kansas.

  10. AM Best Downgrades Credit Ratings of Momentum Life Limited; Places Credit Ratings Under Review With Negative Implications
    Business Wire | 02/13/25 10:03 AM EST

    AM Best has downgraded the Financial Strength Rating to B from B++ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb? of Momentum Life Limited. This rating action follows Momentum Life?s weakened current capital position and the material uncertainty related to the company?s future capital adequacy to support its operations.

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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