News Results

  1. US credit spreads widen on political jitters, Treasuries rally
    Reuters | 06/21/24 12:39 PM EDT

    The spreads between U.S. investment-grade corporate bond yields and U.S. Treasuries have surged to their highest in over three months, in a sign of risk aversion due to political uncertainty in France and as U.S. government bonds rallied. Spreads indicate the premium investors demand to hold corporate bonds rather than safer government securities.

  2. BRIEF-Fitch Ratings Says US Health Insurers To Withstand Elevated Medicaid Utilization Rates
    Reuters | 06/21/24 11:42 AM EDT

    * FITCH RATINGS: US HEALTH INSURERS TO WITHSTAND ELEVATED MEDICAID UTILIZATION RATES. * FITCH: SHORT-TERM MARGIN PRESSURE SHOULD EMERGE IN US MEDICAID LINE OF BUSINESS Source text for Eikon: Further company coverage: [ ]

  3. BRIEF-Nextracker Entered Amendment To Credit Agreement
    Reuters | 06/21/24 10:51 AM EDT

    Nextracker Inc (NXT): * NEXTRACKER (NXT)- CO, NEXTRACKER LLC ENTERED AMENDMENT TO CREDIT AGREEMENT WHICH AMENDED CREDIT AGREEMENT, DATED FEB 13, 2023. * NEXTRACKER (NXT)- AMENDMENT AMENDED CREDIT AGREEMENT TO INCREASE AGGREGATE REVOLVING COMMITMENTS FROM $500.0 MILLION TO $1.0 BILLION. * Nextracker Inc (NXT) - AMENDMENT AMENDED CREDIT AGREEMENT TO PROVIDE FOR A $1.0 BILLION SECURED DEBT BASKET FOR SURETY BONDS.

  4. AM Best Upgrades Credit Ratings of Athene Holding Ltd. and Its Subsidiaries
    Business Wire | 06/20/24 04:05 PM EDT

    AM Best has upgraded the Financial Strength Rating to A+ from A and the Long-Term Issuer Credit Rating to ?aa-? from ?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.

  5. AM Best Revises Outlooks to Stable for Members of Bankers Insurance Group
    Business Wire | 06/20/24 04:03 PM EDT

    AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Ratings of ?bbb-? of the members of Bankers Insurance Group.

  6. Hertz Shares Slip On Heels Of Debt Offering: What's Going On?
    Benzinga | 06/20/24 12:40 PM EDT

    Hertz Global Holdings, Inc. (HTZ) shares are trading lower on Thursday. The company?s shares dipped after it announced a debt offering worth $750 million. The debt offering aims to bolster its financial position and support future profitability. Check This Out: What?s Going On With Palantir Shares Today?

  7. AM Best Upgrades Issuer Credit Rating of ONIX Asigurari S.A.
    Business Wire | 06/20/24 12:30 PM EDT

    AM Best has upgraded the Long-Term Issuer Credit Rating to ?bb+? from ?bb? and affirmed the Financial Strength Rating of B of ONIX Asigurari S.A.. The outlook of these Credit Ratings is stable. These ratings reflect ONIX?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and marginal enterprise risk management.

  8. AM Best Affirms Credit Ratings of Qatar General Insurance & Reinsurance Company QPSC
    Business Wire | 06/20/24 12:25 PM EDT

    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.

  9. AM Best Affirms Credit Ratings of NLV Financial Corporation and Its Insurance Subsidiaries
    Business Wire | 06/20/24 10:58 AM EDT

    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.

  10. AM Best Assigns Issue Credit Rating to MetLife, Inc.?s New Senior Unsecured Notes
    Business Wire | 06/20/24 10:43 AM EDT

    AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the newly issued $500 million, 5.300% senior unsecured notes due Dec. 15, 2034, issued by MetLife, Inc. (MET) [NYSE: MET]. The outlook assigned to this Credit Rating is stable.

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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