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.
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.
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...
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.
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.
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.
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.
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...
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.
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.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The outlook of these Credit Ratings is stable.
This Partnership Brings Together Best-in-Class Fraud and Abuse Prevention with Cross-Border Operations to Eliminate Risk While Unlocking Global Growth Swap, the e-commerce operating system that consolidates global operations within one platform for e-commerce brands, today announced a strategic partnership with Signifyd, a leader in fraud and abuse prevention.
Funds Will Be Used to Resolve Heirs? Property Issues and Support Local Entrepreneurs. The Federal Home Loan Bank of Dallas, through its member Hancock Whitney, awarded $75,000 in Heirs? Property Program grants to Louisiana Appleseed, Desire Community Housing Corporation and Divine Touch Community Development Center at a ceremonial check presentation. This press release features multimedia.
AM Best has downgraded the Financial Strength Rating to B from B + and the Long-Term Issuer Credit Rating to ?bb? from ?bbb-? of Universal North America Insurance Company. The ratings reflect UNAIC?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Soci?t? Centrale de R?assurance. The ratings reflect SCR?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Investment Positions Klook to Lead the Next Decade of Tourism Growth and Innovation in Asia Pacific Klook, a leading platform for experiences and travel services in Asia, today announced US$100 million in funding led by the global growth investment firm Vitruvian Partners. This press release features multimedia.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the $500 million, 8.125% surplus notes, due February 2045, issued by CSAA Insurance Exchange. The surplus notes are intended to support the company?s capital in anticipation of further premium growth and provide an additional layer of protection for catastrophic events, as well as enhance CSAA?s financial flexibility.
Net income of $620 million, with $168 million in contributions to support affordable housing and community investment The Federal Home Loan Bank of Chicago today announced its preliminary and unaudited financial results for 2024. FHLBank Chicago expects to report net income of $620 million for 2024 when it files the Form 10-K with the Securities and Exchange Commission next month.
The U.S. economy continues to outperform expectations and has entered 2025 on firm footing, according to a new AM Best report. According to the Best?s Special Report, ?U.S. Economy Starts 2025 on Solid Ground,? the country?s gross domestic product continues to grow based in part on healthy consumer spending, strong corporate profits, slowing inflation and a more accommodative monetary policy.
?. Santander UK PLC. Issue of EUR 500,000,000.00. Floating Rate Covered Bonds due May 2027. Series 87 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. EUR 3,344,916.67. POOL FACTOR.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2025-K759 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-759. The underlying transaction is collateralized by 24 fixed-rate multifamily mortgage loans.
Intercontinental Exchange, Inc. (ICE), a leading global provider of technology and data, today announced the launch of intraday price updates and bond analytics data for Canadian fixed income securities through an agreement with CanDeal DNA, a premier source for Canadian fixed income and OTC derivatives pricing and analytics data.
Marks completion of the conversion of the BlackRock High Yield Municipal Fund into the iShares High Yield Muni Active ETF Today, BlackRock (BLK) announced the conversion of the BlackRock High Yield Municipal Fund into an active ETF, creating the iShares? High Yield Muni Active ETF.
KBRA assigns a long-term rating of AA to the State of Louisiana General Obligation Refunding Bonds, Series 2025-A and affirms the long-term rating of AA for the State's outstanding General Obligation Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns a long-term rating of AA-, with a Positive Outlook to the Miami-Dade County Aviation Revenue Bonds, Series 2025A, Series 2025B and Series 2025C. The Positive Outlook reflects Miami International Airport?s improving financial profile, underpinned by continuing, very strong growth in domestic and international passenger traffic.
KBRA assigns a AAA rating, with a Stable Outlook to the State of Wisconsin's General Obligation Refunding Bonds of 2025, Series 3 and G.O. Refunding Bonds of 2026, Series 1. Proceeds of 2025, Series 3 will be used by the State to purchase certain outstanding G.O. bond maturities tendered by invited bondholders under a January 24th Invitation to Offer to Tender Bonds.
AM Best has revised the outlooks of the Long-Term Issuer Credit Ratings to stable from negative and affirmed the Financial Strength Rating of A and the Long-Term ICRs of ?a+? of The Lincoln National Life Insurance Company and its wholly owned subsidiary, Lincoln Life & Annuity Company of New York.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the operating subsidiaries of PartnerRe Ltd.. Concurrently, AM Best has affirmed the Long-Term ICR of ?a-? of PartnerRe Ltd.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Cov?a Coop?rations, the intermediate operating holding company of Soci?t? de Groupe d?Assurance Mutuelle Cov?a, a leading mutual insurance group in France.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Transatlantic Reinsurance Company and its subsidiaries.
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of Topa Insurance Company and its subsidiary, Dorchester Insurance Company, Ltd.. These companies are wholly owned subsidiaries of Topa Equities, Ltd. and collectively referred to as Topa Insurance Group.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Well Link Life Insurance Company Limited. The ratings reflect Well Link 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.
Office Properties Income Trust (OPI) today announced that it is offering noteholders the option to exchange their 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 forth in an Offering Memorandum dated as of February 7, 2025.
Essex Property Trust, Inc. (ESS) announced today that its operating partnership, Essex Portfolio, L.P., priced an underwritten public offering of $400 million aggregate principal amount of 5.375% senior notes due 2035.
TransMontaigne Partners LLC today announced that it has priced its offering of $500 million aggregate principal amount of 8.500% senior unsecured notes due 2030 at an issue price of 100% in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
QuSecure?s QuProtect Showcased Cutting-Edge Quantum-Resilient Cybersecurity Solutions for Global Leaders Last Month QuSecure?, Inc., a leader in post-quantum cryptography, today announced its inclusion in the inaugural World Economic Forum Quantum Application Hub, which debuted at the WEF Annual Meeting in Davos, Switzerland, last month.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb? of ACMAT Corporation (ACMT) [OTC Market: ACMT]. Concurrently, AM Best has affirmed the Financial Strength Rating of A and the Long-Term ICR of ?a? of ACMAT?s wholly owned subsidiary, ACSTAR Insurance Company.
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk REMIC 2025-HQA1 Notes, Freddie Mac STACR REMIC Trust 2025-HQA1, a credit risk sharing transaction with a total note offering of $620,000,000.
AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of B and the Long-Term ICRs of ?bb? of First Chicago Insurance Company and United Security Insurance Company.
Trends in AI, energy and globalization cited as key elements affecting economic growth globally during next decade Northern Trust (NTRS) today issued its Capital Market Assumptions 2025 Edition, forecasting moderate global equity performance, improving high yield bond returns and strength in private credit.
AM Best has removed from under review with developing implications and downgraded the Financial Strength Rating to B from B++ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb? of Connecticut Attorneys Title Insurance Company.
Healthpeak Properties, Inc. (DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, announced today that its operating company, Healthpeak OP, LLC, has priced a public offering of $500.0 million aggregate principal amount of 5.375% senior unsecured notes due 2035.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Factory Mutual Insurance Company and its subsidiaries, which are collectively referred to as FM Group.
Regulatory News: Median Technologies , a leading developer of eyonis?, a suite of artificial intelligence powered Software as a Medical Device for early cancer diagnostics, and a globally leading provider of AI-based image analyses and imaging services for oncology drug developers, announced that, on January 23, 2025, the Company signed a financing agreement with Iris in the form of bonds redee...
AM Best has assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of ?bb? to Mohandes Insurance Company. The ratings reflect Mohandes? balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
KBRA releases the January 2025 issue of CMBS Trend Watch. Following on the heels of a strong 2024 issuance year, January continued to exhibit strength, with year-over-year private label CMBS issuance increasing 38.1%. This was despite the benchmark rate increasing, while credit spreads remained stable relative to year-end.
TransMontaigne Partners LLC today announced that it is proposing to issue $450 million aggregate principal amount of senior unsecured notes due 2030 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
PennyMac Mortgage Investment Trust (PMT) today announced that it has priced an underwritten public offering of $150,000,000 aggregate principal amount of its 9.00% Senior Notes due 2030. The offering is expected to close on February 11, 2025, subject to customary closing conditions.
Valero Energy Corporation (VLO) announced today that it has priced a public offering of $650,000,000 aggregate principal amount of 5.150% Senior Notes due 2030. The offering is expected to close on February 7, 2025, subject to customary closing conditions.
AM Best has removed under review with negative implications and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Rural Mutual Insurance Company.
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.