News Results

  1. Sonic Automotive Announces Pricing of $1.15 Billion of Senior Notes in a Private Offering
    Business Wire | 06:00 PM EDT

    Sonic Automotive, Inc. (SAH), a Fortune 500 Company and one of the nation?s largest automotive retailers, today announced the pricing of its private offering of $1,150,000,000 aggregate principal amount of Senior Notes, consisting of its $650,000,000 aggregate principal amount of 4.625% Senior Notes due 2029 and $500,000,000 aggregate principal amount of 4.875% Senior Notes due 2031.

  2. AM Best Assigns Credit Ratings to Seguros e Inversiones S.A.
    Business Wire | 02:24 PM EDT

    AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to Seguros e Inversiones S.A. . The outlook assigned to these Credit Ratings is stable. The ratings reflect SISA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

  3. AM Best Revises Outlooks to Stable for SNIC Insurance B.S.C. (c)
    Business Wire | 12:32 PM EDT

    AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ and Long-Term Issuer Credit Rating of ?bbb-? of SNIC Insurance B.S.C.. These Credit Ratings reflect SNIC?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.

  4. AM Best Affirms Credit Ratings of East Africa Reinsurance Company Limited
    Business Wire | 12:16 PM EDT

    AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of East Africa Reinsurance Company Limited. The ratings reflect EARe?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.

  5. KBRA Releases Report Assigning AA+ Rating to the City of Los Angeles? General Obligation Bonds Series 2021-A and General Obligation Refunding Bonds Series 2021-B; Outlook is Stable
    Business Wire | 10:44 AM EDT

    On October 13, 2021, Kroll Bond Rating Agency assigned the long-term rating of AA+ with a Stable Outlook to the City of Los Angeles? General Obligation Bonds Series 2021-A and General Obligation Refunding Bonds Series 2021-B. Click here to view the report.

  6. Tidewater Announces Pricing of USD $175 Million Senior Secured Bond Issue
    Business Wire | 06:00 AM EDT

    Tidewater Inc. (TDW) today announced that it has finalized the terms of the Company?s offering of USD $175 million in senior secured bonds in the Nordic bond market. The bonds were privately placed in the United States in accordance with U.S. securities laws and sold outside the United States pursuant to Regulation S under the Securities Act of 1933.

  7. AM Best Affirms Credit Ratings of MAPFRE M?xico, S.A.
    Business Wire | 10/14/21 01:49 PM EDT

    AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a+?, and the Mexico National Scale Rating of ?aaa.MX? of MAPFRE M?xico, S.A. . The outlook of these Credit Ratings is stable.

  8. AM Best Affirms Credit Ratings of MAPFRE Fianzas, S.A.
    Business Wire | 10/14/21 01:31 PM EDT

    AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a+? and the Mexico National Scale Rating of ?aaa.MX? of MAPFRE Fianzas, S.A. . The outlook of these Credit Ratings is stable.

  9. AM Best Affirms Credit Ratings of ZEP-RE (PTA Reinsurance Company)
    Business Wire | 10/14/21 09:55 AM EDT

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

  10. AM Best Revises Issuer Credit Rating Outlook to Negative for Kot Insurance Company AG
    Business Wire | 10/14/21 09:25 AM EDT

    AM Best has revised the Long-Term Issuer Credit Rating outlook to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Kot Insurance Company AG.

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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