AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Seguros e Inversiones, S.A. . The outlook of 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.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Folgate Insurance Company Limited. The ratings reflect Folgate?s balance sheet strength, which AM Best assesses as adequate, as well as the company?s adequate operating performance, very limited business profile and appropriate enterprise risk management.
AM Best has assigned the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? to Mongolian National Reinsurance JSC. The ratings reflect Mongolian Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
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 affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a? of Group Ark Insurance Limited. The ratings reflect Ark?s consolidated 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.
Genesis Energy, L.P. (GEL) today announced that it has priced a public offering of $600,000,000 in aggregate principal amount of 8.250% senior unsecured notes due 2029.
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 Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Orion Reinsurance Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect Orion Re?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 affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company, together referred to as Securian Financial Insurance Group.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of PGA Sompo Insurance Corporation. The ratings reflect PGA Sompo?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 affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Irwell Insurance Company Limited. The ratings reflect Irwell?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.
Co-Founder and former CEO Ferr? returns to Sinequa in a shared leadership role to develop a generative AI Assistant ecosystem Enterprise Search leader Sinequa today announced that Jean Ferr? has succeeded Ulf Zetterberg as Co-Chief Executive Officer of the organization. Ferr? co-founded Sinequa with Alexandre Bilger and served as CEO and President from 2005-2010.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni. The ratings reflect S2C?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has revised the outlooks to negative from stable 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.
Genesis Energy, L.P. (GEL) today announced the commencement of a cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 6.500% senior unsecured notes due 2025 that we co-issued with our subsidiary, Genesis Energy Finance Corporation.
Genesis Energy, L.P. (GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $550,000,000 in aggregate principal amount of senior unsecured notes due 2029. BofA Securities is leading the offering along with several joint book-running managers and co-managers.
The Federal Home Loan Bank of Dallas is pleased to announce the reelection of Felipe Rael to the FHLB Dallas Board of Directors, filling a public interest independent director seat. This press release features multimedia. Mr. Rael brings more than 20 years of housing industry experience to the Board.
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 affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of the members of Government Employees Group. The ratings reflect GEICO?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of Blue Cross and Blue Shield of Vermont and its subsidiary, The Vermont Health Plan, LLC.
In a significant move to enhance mobile connectivity for newcomers in Canada, PhoneBox is excited to announce our strategic partnership with the Royal Bank of Canada, one of the nation's leading financial institutions. Since 2011, PhoneBox has been dedicated to providing accessible and budget-friendly mobile solutions. Connectivity is a crucial part of settling into a new country.
Thermo Fisher Scientific Inc. (TMO) announced today that it has priced an offering of $2.5 billion aggregate principal amount of the following notes: The Offering is expected to close on or about December 5, 2023, subject to the satisfaction of customary closing conditions.
Caleres (CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that Erica Mackoul has joined the company as senior vice president of international. This press release features multimedia. ?At our recent investor day, we outlined our three-year strategic and financial plan,? said Schmidt.
AXIS Capital Holdings Limited (AXS/PE) today announced that it has closed the market?s first 144A cyber catastrophe bond, a $75 million transaction providing several of the Company?s subsidiaries with fully collateralized indemnity reinsurance protection for systemic cyber events on a per occurrence basis.
Webcast and Conference Call Scheduled for Tuesday, Dec. 12 at 4:30 p.m. ET Sallie Mae?, formally SLM Corporation (SLM), will host an investor forum on Tuesday, Dec. 12, 2023 at 4:30 p.m. ET to discuss the evolution of its balance sheet and capital allocation strategy. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website.
Redfin?s new gauge of housing prices, which is similar to but more current than the Case-Shiller index, shows that home prices rose roughly 1% month over month in October ? Today, Redfin is releasing a new tool that measures changes in U.S. home prices called the Redfin Home Price Index. The latest RHPI data shows that prices climbed roughly 1% from September to October.
Harvest Portfolios Group Inc. is pleased to announce that the Harvest Premium Yield Treasury ETF has raised over $100 million in assets under management since its debut on the Toronto Stock Exchange. The Harvest Premium Yield Treasury ETF was brought to the market on September 28th, 2023. This ETF provides investors exposure to high quality US Treasury Bonds through US listed ETFs.
NEW YORK---- Tapestry, Inc. (TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of its $4.5 billion USD senior unsecured notes and its ?1.5 billion Euro-denominated senior unsecured notes offerings.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. At the same time, AM Best has affirmed the Long-Term ICR of ?a? of Zurich Insurance Group Ltd. The outlook of the FSR is stable, whilst the outlook of the Long-Term ICRs is positive.
AM Best has revised the outlook to positive from stable for the Financial Strength Rating and to positive from negative for the Long-Term Issuer Credit Rating and affirmed the FSR of B++ and the Long-Term ICR ?bbb+? of General Insurance Corporation of India.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of National Insurance Company. The ratings reflect NIC?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.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?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 affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Petrolimex Insurance Corporation. The ratings reflect PJICO?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
KBRA assigns a long-term rating of A+ to the State of Louisiana Economic Damages Revenue Bonds [LA 1/LA 415 Connector Project], with a final maturity of September 1, 2033, and at the same time affirms the long-term rating of A+ for parity debt.
Park-Ohio Holdings Corp. (PKOH) announced today that Moody?s Investors Service, Inc. has upgraded the ratings of ParkOhio Industries, Inc., including the Corporate Family Rating to B2 from B3, and the Senior Unsecured Rating to Caa1 from Caa2.
Mr. Seybold Fills One of Three Open Positions on FHLB Dallas Board. The Federal Home Loan Bank of Dallas is pleased to announce the election of Brett Seybold to the FHLB Dallas Board of Directors as a member director representing Texas. This press release features multimedia.
GOSSELIES, Belgium---- Regulatory News: TheraVet , a pioneering company in the management of osteoarticular diseases in pets, announces the setting up of an equity-linked financing facility. This financing facility of up to ?3,000,000 takes the form of convertible bonds issued under the authorized capital and subscribed by the French company IRIS.
The Federal Home Loan Bank of Dallas is pleased to announce two new members to its Board of Directors and the re-election of an incumbent director. This press release features multimedia. Brett Seybold, senior vice president and treasurer for the United Services Automobile Association, headquartered in San Antonio, Texas, was elected to a member director position representing Texas.
SDCP leverages Newfleet?s expertise in multi-sector fixed income investing Virtus Investment Partners, Inc. (VRTS) has expanded its exchange-traded funds offerings with the introduction of Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP), the fourth Virtus ETF Solutions strategy managed by Newfleet Asset Management.
Dr. Janaki Akella, Christopher T. Leech, and Shannon Watkins Bring Decades of Experience in Technology, Marketing, Operations, and Growth Strategy to the Board Sallie Mae?, formally SLM Corporation (SLM), today announced the appointments of Dr. Janaki Akella, Christopher T. Leech, and Shannon Watkins to its board of directors, effective Jan. 2, 2024.
Tapestry, Inc. (TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the pricing of ?1,500,000,000 aggregate principal amount of senior unsecured notes in three tranches, as follows: The offering is expected to close, subject to normal closing conditions, on November 27, 2023.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Global Protection Reinsurance Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect GPR?s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
KBRA releases its Canadian CMBS loan default and loss study, which reviews Canadian commercial mortgage-backed securities loans generally originated for securitization between Q4 1998 and Q2 2022. The cumulative default rate within the study population is 3.8% based on the performance data from 1998 through Q2 2023. Key Takeaways Click here to view the report.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Lincoln Benefit Life Company. LBL?s ratings reflect its 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 upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?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.
The SoFi Enhanced Yield ETF (THTA) will offer a monthly income solution for investors via investments in treasury bills and options, actively managed by ZEGA Financial SoFi Technologies, Inc. (SOFI), the digital personal finance company, today announced the launch of the SoFi Enhanced Yield ETF.
Tapestry, Inc. (TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced today that it has commenced an underwritten public offering of Euro-denominated senior unsecured notes.
FHLB Dallas? Partnership Grant Program Provides 3:1 Match of Members? Donations. Representatives from the Federal Home Loan Bank of Dallas, American First National Bank, Cadence Bank (CADE), Independent Financial and Inwood Bank were joined by local dignitaries as they awarded $80,000 in Partnership Grant Program funds to three Dallas-area community-based organizations.
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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