AHP Funds Will Offset Costs to Build Two Austin Apartments. The Federal Home Loan Bank of Dallas and Wells Fargo awarded $1.5 million via two Affordable Housing Program subsidies for affordable rental developments in the works in Austin, Texas. This press release features multimedia.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of four new members of its Affordable Housing Advisory Council and one reappointment.
Virgin Galactic Holdings, Inc. (SPCE) today announced the pricing of its offering of $425 million aggregate principal amount of 2.50% convertible senior notes due 2027 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
KBRA assigns preliminary ratings to 34 classes from Freddie Mac Structured Agency Credit Risk REMIC 2022 DNA1 Notes, Freddie Mac STACR REMIC Trust 2022-DNA1, a credit risk sharing transaction with a total note offering of $1,353,000,000.
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 Global Group.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? for the members of The Progressive Corporation [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of ?a? for Progressive, the parent holding company, and all Long-Term Issue Credit Ratings on Progressive?s senior and preferred stock issuances.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mountain West Farm Bureau Mutual Insurance Company.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Hannover R?ck SE and its main subsidiaries. These ratings reflect Hannover Re?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
Visa today announced that the U.S. Spending Momentum Index was 108.4 in December, its strongest reading for the month since the start of the index. The Visa SMI is an economic indicator of the health of consumer spending. By category, the SMI for discretionary purchases fell 4.9 points from the previous month to 103.
Virgin Galactic Holdings, Inc. (SPCE) today announced its intention to offer, subject to market and other conditions, $425 million aggregate principal amount of convertible senior notes due 2027 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Webcast and Conference Call Scheduled for Thursday, Jan. 27, at 8 a.m. ET Sallie Mae? will release fourth-quarter and full-year 2021 financial results after market close on Wednesday, Jan. 26, 2022. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, Jan. 27, 2022, at 8 a.m. ET.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Insurance House P.S.C.. The outlook of these Credit Ratings is stable. The ratings reflect IH?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate 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 ?bb+? of Mandal Daatgal JSC. The ratings reflect Mandal?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Manhattan Life Assurance Company of America, The Manhattan Life Insurance Company, Family Life Insurance Company and Western United Life Assurance Company.
MADRID---- Regulatory News: Colonial and its French subsidiary Soci?t? Fonci?re Lyonnaise have announced their intention to convert all the outstanding bonds of the Colonial Group into ?green bonds?. With this objective, the Group led by Juan Jos? Brugera and Pere Vi?olas has prepared a Green Financing Framework to align the Group's financing strategy with its sustainability objectives.
January 11, 2022 -- Triton International Limited (TRTN) today announced that its subsidiaries, Triton Container International Limited and TAL International Container Corporation, as co-issuers, have priced a public offering of $600 million aggregate principal amount of 3.250% Senior Notes due 2032 at an offering price of 99.600% of the principal amount thereof.
KBRA assigns a long-term AA+ rating with a Stable Outlook to the State of Wisconsin?s Master Lease Certificates of Participation of 2022, Series A. Concurrently, KBRA affirms the long-term AA+ rating with a Stable Outlook on $62 million of outstanding COPs; the long-term AAA rating with a Stable Outlook on outstanding General Obligation bonds; and the short-term K1+ rating on the G.O. Commercia...
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2022-K137 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-137. The underlying transaction is collateralized by 42 fixed-rate multifamily mortgage loans.
AM Best has withdrawn the Long-Term Issuer Credit Rating of ?bbb-? of Independence Insurance Holding Company, headquartered in Stamford, CT. At the time of the withdrawal, this Credit Rating was under review with developing implications. AM Best?s policy is for a final rating to be completed along with a rating withdrawal.
KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2022-R01, a credit risk sharing transaction with a total note offering of $1,506,261,000. The Reference Pool consists of 180,002 residential mortgage loans with an outstanding principal balance of approximately $53.7 billion as of the cut-off date.
-? S&P, Moody?s and Fitch reaffirmed Avolon?s investment grade rating with Stable outlook; -? Raised $3.7bn of debt capital at a cost of 2.5% and increased total revolving debt capacity from $4.8 to $5.9 billion; -? Delivered, transitioned and sold a total of 91 aircraft; executed 229 lease transactions during 2021; -? Owned and managed fleet increased by 4% to 592 aircraft during 2021; -? Anno...
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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