- US$850 million Senior Unsecured Notes due 2028 and US$650 million Senior Unsecured Notes due 2030 Avolon Holdings Limited, a leading global aviation finance company, announces the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.5 billion of senior unsecured notes.
Iron Mountain Incorporated (IRM), a global leader in information management services, today announced that it has priced an upsized offering by way of a private placement of $1.2 billion aggregate principal amount of its 6.25% Senior Notes due 2033.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on January 2, 2025 to shareholders of record at the close of business on December 18, 2024. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Bondholders of the Puerto Rico Electric Power Authority, including GoldenTree Asset Management, LP, Assured Guaranty Inc., and National Public Finance Guarantee Corporation, today issued the following statement: ?On November 13, the United States Court of Appeals for the First Circuit confirmed its June 12 ruling that PREPA?s $8 billion plus of revenue bonds are secured by a properly perfected ...
Valon Mortgage today announced that it has received approval as a Ginnie Mae Issuer, marking a significant milestone in the company?s journey. With its prior approvals from Fannie Mae, Freddie Mac, FHA, VA, and USDA, Valon is now positioned to expand its capabilities and build a comprehensive solution for the entire mortgage market.
Iron Mountain Incorporated (IRM), a global leader in information management services, today announced a proposed offering by way of a private placement of a total of $750.0 million aggregate principal amount of its Senior Notes due 2033.
Core Scientific, Inc. (CORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced the pricing of its offering of $550 million aggregate principal amount of 0.00% convertible senior notes due 2031 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.
Cencora, Inc. (COR) today announced that it priced $500 million aggregate principal amount of its 4.625% Senior Notes due December 15, 2027, $600 million aggregate principal amount of its 4.850% Senior Notes due December 15, 2029 and $700 million aggregate principal amount of its 5.150% Senior Notes due February 15, 2035, in an underwritten registered public offering.
KBRA releases a report on U.S. commercial mortgage-backed securities loan performance trends observed in the November 2024 servicer reporting period. In November, CMBS loans totaling $2.1 billion were newly added to the distress rate, of which 51.4% were due to imminent or actual maturity default.
indie Semiconductor, Inc. (INDI), an automotive solutions innovator, today announced that it plans to offer, subject to market and other conditions, $175 million aggregate principal amount of its Convertible Senior Notes due 2029 through a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. indie ex...
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K167 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-167. The underlying transaction is collateralized by 48 fixed-rate multifamily mortgage loans.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced monthly dividend distributions of $0.06 per common share for the month of December 2024. Portfolio and municipal market commentary will be published on or around December 2, 2024 and can be retrieved here.
Core Scientific, Inc. (CORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced its intention to offer, subject to market and other conditions, $500 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securitie...
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced the completion of an offering, on November 26, 2024, of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of: US$1,000,000,000 4.875% notes due 2030 at an issue price per note of 99.838%; US$1,150,000,000 5.250% n...
The Chemours Company (CC) today announced it completed its previously announced private offering of $600,000,000 in aggregate principal amount of 8.000% senior unsecured notes due 2033 that was exempt from the registration requirements of the Securities Act of 1933, as amended.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), 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. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
AM Best has removed from under review with developing implications and downgraded the Long-Term Issuer Credit Rating to ?a? from ?a+? and affirmed the Financial Strength Rating of A of American National Insurance Company and its affiliates, American National Life Insurance Company of Texas and American National Life Insurance Company of New York.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Arab War Risks Insurance Syndicate. The ratings reflect AWRIS? 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.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of AzRe Reinsurance, OJSC. The ratings reflect AzRe?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of A and the Long-Term ICR of ?a? of Group Ark Insurance Limited.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to CTBC Insurance Company Limited. The ratings reflect CTBC Insurance?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.
? NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
November 27, 2024-- ITT Inc. (ITT) today announced that Moody?s Ratings upgraded the company?s rating to Baa1 from Baa2. In its press release, Moody?s noted the ratings upgrade reflects its expectation that ITT will sustain improvements in profitability and cash generation and continue its well-balanced financial policy over the next several years.
AM Best has upgraded the Financial Strength Rating to A+ from A and the Long-Term Issuer Credit Rating to ?aa-? from ?a+? of Texas Mutual Insurance Company. The ratings reflect Texas Mutual?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
KBRA assigns a long-term rating of AAA with a Stable Outlook to Dallas Independent School District, TX's outstanding Unlimited Tax School Building and Refunding Bonds. The Unlimited Tax Bonds are obligations of the District, payable from a direct and continuing pledge of ad valorem taxes levied on all taxable property within the District, without limitation as to rate or amount.
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Catholic Order of Foresters.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Lincoln Benefit Life Company. In addition, AM Best has affirmed the FSR of A- and the Long-Term ICR of ?a-? of Guaranty Income Life Insurance Company and United Life Insurance Company, collectively, referred to as Kuvare Retail Group.
AM Best has upgraded the Long-Term Issuer Credit Ratings to ?aa? from ?aa-? and affirmed the Financial Strength Ratings of A+ of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. At the same time, AM Best has upgraded the Long-Term ICR to ?a+? from ?a? of Zurich, a non-operating holding company.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company and AZGUARD Insurance Company, which operate under an intercompany pooling agreement.
Uniphore to Make Debut at WEF?s Annual Meeting in Davos Uniphore, one of the world?s largest AI-native Enterprise class companies, announced that it has joined the World Economic Forum?s invite-only Innovator Community as a member of their Unicorn Community, which unites private start-up companies that are valued at more than $1 billion.
Astronics Corporation (ATRO) today announced the pricing of $150 million aggregate principal amount of 5.500% convertible senior notes due 2030 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. The Notes will be Astronics? senior unsecured obligations.
Astronics Corporation (ATRO) today announced that it intends to offer, subject to market and other conditions, $150 million aggregate principal amount of convertible senior notes due 2030 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. The Notes will be Astronics? senior unsecured obligations.
Private Exchange of $340 Million Expected to Close Before Year End Office Properties Income Trust (OPI) announced it has entered into an exchange agreement providing for a private exchange with certain members of an ad hoc group of noteholders holding a significant amount of OPI?s $453.6 million outstanding senior unsecured notes due 2025 to refinance up to $340 million of the 2025 Notes.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb-? of Investors Life Insurance Company of North America. The ratings reflect ILICNA?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.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the recently issued CAD 450 million, 4.73% senior unsecured notes, due November 2034, and CAD 250 million, 5.23% senior unsecured notes, due November 2054, of Fairfax Financial Holdings Limited (FRFHF) [TSX: FFH]. The outlook assigned to these Credit Ratings is positive.
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of RF&G Insurance Company Limited . 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 Rating of ?aa? of Knights of Columbus. The ratings reflect the Order?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb+? and the Long-Term Issue Credit Ratings of Markel Group Inc.. AM Best also has affirmed the Financial Strength Rating of A and the Long-Term ICRs of ?a+? of all the members of the Markel North America Insurance Group.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Gleaner Life Insurance Society. The ratings reflect Gleaner?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral 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 Kot Insurance Company AG. The ratings reflect Kot?s balance sheet strength, which AM Best assesses as very strong, its strong operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the pooled members of Selective Insurance Group. The ratings reflect Selective?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Hiscox Insurance Company Limited, Hiscox Insurance Company Limited, Hiscox Insurance Company Limited and Hiscox Insurance Company Inc.. At the same time, AM Best has affirmed the Long-Term ICR of ?bbb+? of Hiscox Ltd, the ultimate non-operating holding company of the Hiscox group of compan...
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of NongHyup Property and Casualty Insurance Company Limited. The ratings reflect NH P&C?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.
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to Continental General Insurance Company. The ratings reflect CGIC?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
Grants Provided Through FHLB Dallas? Partnership Grant Program. Representatives from the Federal Home Loan Bank of Dallas and eight of its members awarded $283,000 in grants to eight nonprofits in DFW. This press release features multimedia.
MicroStrategy? Incorporated today announced that it completed its previously announced offering of its 0% convertible senior notes due 2029. The notes are unsecured, senior obligations of MicroStrategy.
Alcoa Corporation (AA) today announced that it has joined the World Economic Forum?s First Suppliers Hub, a global repository of innovative suppliers providing materials needed to support the ambition of industrial decarbonization in the world by 2050.
The Central and Eastern Europe Fund, Inc. (CEE). As previously reported, certain of the Fund?s Russian holdings have been valued at zero since March 14, 2022 in light of measures adopted by the Russian Central Bank and Government, as well as sanctions implemented by the United States and other countries in response to Russia?s invasion of Ukraine.
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.
Log In Required
Line of Credit Log In Required
Publication Date