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.
Salvation Army to Build New Facility that Will Include Units for Women and Children. A homeless shelter will be built to serve women, children and men in Alexandria, Louisiana, with the help of a $750,000 Affordable Housing Program subsidy provided by the Federal Home Loan Bank of Dallas through its member, Red River Bank. This press release features multimedia.
Sallie Mae?, formally SLM Corporation (SLM), today announced CEO Jon Witter will speak at the 2023 Morgan Stanley US Financials, Payments & CRE Conference on Monday, June 12, at 11 a.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things. Category: Corporate and Financial.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the members of Athene Group. The ratings reflect Athene?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
AM Best has assigned a Long-Term Issue Credit Rating of ?a+? to the new $750 million, 5.45% 30-year senior unsecured notes due May 25, 2053, recently issued by The Travelers Companies, Inc. (TRV) [NYSE: TRV]. The outlook assigned to this Credit Rating is stable. The proceeds from the sale of the notes will be used for general corporate purposes.
Funds Increased to $42 Million and Access Extended to Year-Round Availability The Federal Home Loan Bank of Chicago is pleased to announce expanded funding of its Downpayment Plus? grant program bringing the total 2023 program budget to $42 million.
AM Best has assigned a Long-Term Issue Credit Rating of ?a? to the recently announced $500 million of 4.95% senior unsecured notes, due 2033, issued by The Progressive Corporation [NYSE: PGR]. The outlook assigned to this Credit Rating is stable.
KBRA assigns a senior unsecured debt rating of BBB with a Stable Outlook to the senior unsecured notes issued by BGC Partners, Inc. (BGCP). The notes are scheduled to mature on May 25, 2028.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Aseguradora General, S.A.. The outlook of the FSR is stable while the Long-Term ICR outlook is positive.
Facing a dynamic and increasingly on-demand, online environment, a majority of businesses and consumers are already using faster payments, and most say they are likely to use faster payments more often in the future, according to new studies released today by the Federal Reserve.
***Noon, Thursday, May 25, 1412 Centre Court, Suite 101, Alexandria, Louisiana 71301*** Red River Bank and the Federal Home Loan Bank of Dallas will present $750,000 in Affordable Housing Program funds to The Salvation Army of Central Louisiana to build a multifamily homeless shelter and support facility in Alexandria, Louisiana.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Qatar General Insurance & Reinsurance Company QPSC. The ratings reflect QGIRC?s consolidated 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.
Includes access to ICE?s Liquidity Indicators? and Best Execution services Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today announced that its streaming Continuous Evaluated Pricing for fixed income securities will now be available on the Investortool?s Dealer Network in Perform, offering institutional investors and private wealth ...
Builders FirstSource, Inc. (BLDR), the nation?s largest supplier of building products, prefabricated components, and value-added services to the professional market for new residential construction and repair and remodeling, announced today that it has published its 2023 Corporate Social Responsibility report, highlighting advancements in environmental, social, and governance across the Company in 2022.
Disclaimer in accordance with the position-recommendation 2020-06 of the Autorit? des March?s Financiers: ABIONYX Pharma set up a financing in the form of Bonds Redeemable in New Shares with the company IRIS. TOULOUSE, France & LAKELAND, Mich.
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 Juniata Mutual Insurance Company. The Credit Ratings reflect JMIC?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 ?a+? of the core members of ProAssurance Group. The ratings of ProAssurance Group reflect its balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management.
Phoenix Insurance, the Insurance Arm of Phoenix Holdings, is First Multi-line Israeli Carrier to Receive International Rating Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group, today announced that Moody?s has assigned an A2 insurance financial strength rating and a stable outlook to Phoenix Insurance, the principal insurance operating subsidiary of Phoeni...
In the 2023 Equity Gilt Study, Barclays Research Analysts Take Stock of Recent Shifts in Climate, Labour Markets and Chip Manufacturing, and Examine the Implications for Growth and for Prices In this year?s edition of our flagship annual publication, Barclays Research analysts delve into several supply shocks the world is likely to face in coming years and how they might impact the global economy.
American Tower Corporation (AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2028 and 2033 in aggregate principal amounts of $650.0 million and $850.0 million, respectively. The net proceeds of the offering are expected to be approximately $1,481.9 million, after deducting underwriting discounts and estimated offering expenses.
KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2023-R04, a credit risk sharing transaction with a total note offering of $765,166,000. The Reference Pool consists of 66,984 residential mortgage loans with an outstanding principal balance of approximately $20.9 billion as of the cut-off date.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the $600 million 7.375% non-cumulative perpetual preferred stock recently issued by The Allstate Corporation (ALL) [NYSE: ALL]. The outlook assigned to the Credit Rating is stable. This press release relates to Credit Ratings that have been published on AM Best?s website.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of United Services Automobile Association and its property/casualty and life/health subsidiaries.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Eureka-Re SCC.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a+? of Royal Bank of Canada Insurance Company Ltd.. The outlook of these Credit Ratings is stable.
FHLB Dallas Provided $200K to Support Affordable Rental Homes Village officials, affordable housing advocates and the Federal Home Loan Bank of Dallas came together this week to celebrate the opening of a housing development serving low-income residents in the Village of Ruidoso, New Mexico. This press release features multimedia.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term ICRs of ?bbb-? of Conifer Insurance Company and White Pine Insurance Company, subsidiaries of Conifer Holdings, Inc. (CNFR) [NASDAQ: CNFR], a publicly traded property/casualty insurance holding company.
United States Steel Corporation (X) today announced the closing of $240 million unsecured Arkansas Development Finance Authority environmental improvement revenue bonds, which carry a green bond designation. The Green Bonds, issued through Arkansas Development Finance Authority, have a coupon rate of 5.70% and carry a final maturity of 2053.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the recently issued $400 million 5.5% senior unsecured notes due 2033 of CNA Financial Corporation.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Jordan Insurance Company Plc.. The ratings reflect JIC?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management.
U.S. home prices are down 2.7%, the smallest decline in over a month, and prices are dropping in fewer metros ? The median U.S. home-sale price fell 2.7% during the four weeks ending May 14, the smallest decline in over a month. Monthly mortgage payments hit a record high due to still-high prices and elevated mortgage rates.
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.