News Results

  1. AM Best Revises Outlooks to Positive for Meritz Fire & Marine Insurance Co., Ltd.
    Business Wire | 12/04/21 02:44 PM EST

    AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Meritz Fire & Marine Insurance Co., Ltd.. The ratings reflect Meritz?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.

  2. Fitch upgrades Italy by a notch to 'BBB' on expectations of growth
    Reuters | 12/03/21 06:23 PM EST

    Fitch upgraded Italy's rating to "BBB" from "BBB-" on Friday, as it expects the country's economy to grow after reopening from the COVID-19-led pandemic lockdowns. The ratings agency believes high vaccination rates and use of the European Union's funds will help the country's growth, supported by both public and private investments.

  3. Moody's affirms Turkey's rating at 'B2', maintains outlook
    Reuters | 12/03/21 04:49 PM EST

    Ratings agency Moody's on Friday https://www.moodys.com/research/Moodys-affirms-Turkeys-B2-ratings-and-maintains-negative-outlook--PR_458469 affirmed Turkey's long-term local and foreign currency issuer ratings at "B2", saying that the country's public finances will remain relatively robust in 2022.

  4. BRIEF-Moody's Affirms Turkey's B2 Ratings And Maintains Negative Outlook
    Reuters | 12/03/21 04:48 PM EST

    * MOODY'S AFFIRMS TURKEY'S B2 RATINGS AND MAINTAINS NEGATIVE OUTLOOK. * MOODY'S SAYS EXPECTS THAT TURKEY'S PUBLIC FINANCES WILL REMAIN RELATIVELY ROBUST, WITH PUBLIC DEBT STAYING AT AROUND 40% OF GDP IN 2022. * MOODY'S ON TURKEY, SAYS CURRENT ECONOMIC POLICY STANCE WILL LEAD TO SIGNIFICANTLY HIGHER INFLATION OVER COMING MONTHS.

  5. AM Best Affirms Credit Ratings of American Financial Group, Inc. and Its Key Operating Subsidiaries
    Business Wire | 12/03/21 04:31 PM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Great American Insurance Company and its pooling affiliates, collectively referred to as Great American Insurance Companies. At the same time, AM Best has affirmed the FSR of A+ and the Long-Term ICRs of ?aa-? of the property/casualty members of the Great American Contemporary Pool.

  6. AM Best Revises Outlooks to Positive for the Members of American European Insurance Group
    Business Wire | 12/03/21 04:04 PM EST

    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 ?bb+? for Rutgers Casualty Insurance Company and American European Insurance Company, which operate an intercompany reinsurance pooling agreement, and are collectively known as AEIG or the group.

  7. B. Riley Financial Closes $300 Million Offering of Senior Notes Due 2026
    PR Newswire | 12/03/21 04:01 PM EST

    LOS ANGELES, Dec. 3, 2021 ?B. Riley Financial (RILY), Inc., a diversified provider of business advisory and financial services, today announced it has closed a $300 million underwritten registered public offering of 5.00% Senior Notes due 2026. The offering resulted in net proceeds of approximately $290.5 million after deducting underwriting discounts and commissions, but before expenses.

  8. AM Best Affirms Credit Ratings of General de Salud, Compa??a de Seguros, S.A.
    Business Wire | 12/03/21 03:32 PM EST

    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 General de Salud, Compa??a de Seguros, S.A.. The outlook of these Credit Ratings is stable.

  9. AM Best Affirms Credit Ratings of Knights of Columbus
    Business Wire | 12/03/21 01:57 PM EST

    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.

  10. AM Best Affirms Credit Ratings of Fidelity & Guaranty Life Holdings, Inc. and Its Life/Health Subsidiaries
    Business Wire | 12/03/21 09:50 AM EST

    AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of ?a-? of Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York,. These subsidiaries of Fidelity & Guaranty Life Holdings, Inc. are referred to collectively as Fidelity & Guaranty Life Group.

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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