AM Best has affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa-? and the Mexico National Scale Rating of ?aaa.MX? of Berkley International Seguros Mexico S.A.. The outlook of these Credit Ratings is stable.
KBRA assigns a long-term rating of AA- to the City of Lansing, Michigan Capital Improvement and Refunding Bonds, Series 2023B. Key Credit Considerations The rating reflects the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
AM Best has affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa-? and the Mexico National Scale Rating of ?aaa.MX? of Berkley International Fianzas Mexico S.A.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?a-? of W. R. Berkley Corporation (WRB) [NYSE: WRB] and all associated Long-Term Issue Credit Ratings and indicative Long-Term IRs for securities issued by W. R. Berkley (WRB). Concurrently, AM Best has assigned an FSR of A+ and a Long-Term ICR of ?aa-? to W. R. Berkley?s newly reinsured affiliate, Berkley Prestige Insurance Company.
Certain BlackRock closed-end funds announced distributions today as detailed below. BlackRock Floating Rate Income Trust (BGT), BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) and BlackRock Debt Strategies Fund, Inc. (DSU) announced increases to their monthly distributions, and BlackRock Taxable Municipal Bond Trust (BBN) announced a decrease to its monthly distribution.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Net Insurance S.p.A.. The outlook assigned to 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 National Life Insurance Company and its wholly owned subsidiary, Life Insurance Company of the Southwest.
News summary: MONROVIA, Liberia---- Adtran (ADTN) today announced that CSquared is using its FSP 3000 open optical transport technology to bring high-speed broadband connectivity to homes and businesses across Liberia. This press release features multimedia. ?In the race to digitalize the global economy, it?s important that Africa doesn?t get left behind.
Nuveen Corporate Income 2023 Target Term Fund (JHAA) has entered the wind-up period in anticipation of its termination date. The fund has the investment objective to provide a high level of current income and to return the fund?s original $9.875 net asset value to shareholders at termination. Under normal circumstances, the fund invests at least 80% of its managed assets in corporate debt securities.
RenaissanceRe Holdings Ltd. (RNR/PF) announced today that it has agreed to sell in an underwritten public offering $750 million aggregate principal amount of 5.750% Senior Notes due 2033.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bb? from ?bb+? and affirmed the Financial Strength Rating of B of Arabia Insurance Company ? Jordan. The Credit Ratings reflect AICJ?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
New Assignments Reflect Conning?s Deep Talent Bench and Commitment to Developing and Advancing Existing Leadership Global investment management firm Conning today announced that Matt Daly, currently head of the corporate and municipal bond teams at the firm, will become Head of Conning North America effective September 30, 2023.
Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited, the authorized and regulated administrator of LIBOR?, has provided an update regarding LIBOR cessation and ?synthetic? LIBOR.
The UK Financial Conduct Authority announced that the three-month USD LIBOR settings will either cease publication or no longer be representative after June 30, 2023.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to Newpoint Reinsurance Company Limited . The outlook assigned to these Credit Ratings is stable.
Live workforce activity briefing to analyze surging shift work, labor market outlook today at 10:00 a.m. ET UKG: This press release features multimedia. About UKG At UKG, our purpose is people.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to Heartland National Life Insurance Company. The ratings reflect HNL?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal 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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