News Results

  1. AM Best Upgrades Issuer Credit Ratings of Members of A-CAP Group
    Business Wire | 05:35 PM EDT

    AM Best has upgraded the Long-Term Issuer Credit Ratings to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company.

  2. Consumer Confidence in Federal Policies Drives Down Economic Optimism Overall According to New IBD/TIPP Poll
    Business Wire | 10:00 AM EDT

    62% of Americans now believe we are in a recession, up four points over the last month The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, declined by 1.0% overall in August to return to a reading of 38.1 due to a significant drop on the Federal Policies component.

  3. Liberty Media Corporation Proposes Private Offering of Convertible Senior Notes
    Business Wire | 07:46 AM EDT

    Liberty Media Corporation (LSXMA) announced today that it intends to offer $375 million aggregate principal amount of convertible senior notes in a private offering. The Notes will be convertible into cash, shares of Liberty?s Series C Liberty Formula One common stock or a combination thereof, at Liberty?s election.

  4. Accurate Group Partners with Freddie Mac as Verified ACE+ PDR Software Provider
    Business Wire | 08/08/22 10:35 AM EDT

    Accurate Group Verified to support Freddie Mac?s ACE+ PDR product, giving lenders increased efficiency and broader access to Property Data Collectors Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced they have received verification from Freddie Mac for their ACE+ PDR offering.

  5. Vesta Announces Integration With Fannie Mae Desktop Underwriter
    Business Wire | 08/08/22 09:11 AM EDT

    Vesta?s next-generation LOS allows for seamless automated underwriting with a natively built integration to Fannie Mae Desktop Underwriter. Vesta, a state-of-the-art loan origination system and software-as-a-service company has announced an integration with Fannie Mae Desktop Underwriter?, the company?s automated underwriting system.

  6. Best?s Special Report: AM Best Updates Net Capital Charge Associated With Fannie-Freddie Mortgage Risk Transfers
    Business Wire | 08/08/22 08:55 AM EDT

    AM Best has released newly updated tables of net capital charges associated with a representative sample of mortgage-related transactions from Fannie Mae and Freddie Mac?s credit risk transfer programs ? Freddie Mac?s Agency Credit Insurance Structure and Fannie Mae?s Credit Insurance Risk Transfer.

  7. FRN Variable Rate Fix
    Business Wire | 08/05/22 01:22 PM EDT

    ?. Santander UK PLC. Issue of GBP 1,000,000,000.00. Floating Rate Covered Bond due 12 November 2024. Series 73 Tranche 1. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 4,241,073.97. POOL FACTOR.

  8. AM Best Affirms Credit Ratings of Golden Tree Reinsurance Limited
    Business Wire | 08/05/22 01:00 PM EDT

    AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Golden Tree Reinsurance Limited. Golden Tree is a subsidiary of Iris Financial Services Limited and is owned ultimately by Springbrook Capital Ltd., a privately held holding company with diversified operations in insurance and financial services.

  9. AM Best Revises Outlooks to Positive for Dunav-Re a.d.o.
    Business Wire | 08/05/22 12:22 PM EDT

    AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Dunav-Re a.d.o.. The ratings reflect Dunav-Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

  10. AM Best Assigns Credit Ratings to Spheric Assurance Company, Ltd.
    Business Wire | 08/05/22 12:11 PM EDT

    AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to Spheric Assurance Company, Ltd. The outlook assigned to these Credit Ratings is stable. The ratings reflect Spheric?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited 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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