News Results

  1. AM Best Affirms Credit Ratings of Intact Financial Corporation and Its Core Subsidiaries
    Business Wire | 10:52 AM EDT

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Intact Insurance Company, the lead company of Intact Financial Corporation (IFCZF) [TSX: IFC], as well as the core insurance subsidiaries of IFC.

  2. AM Best Affirms Credit Ratings of New Zealand Medical Indemnity Insurance Limited
    Business Wire | 09:51 AM EDT

    AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of New Zealand Medical Indemnity Insurance Limited. The ratings reflect NZMII?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.

  3. AM Best Assigns Credit Ratings to Berkeley Re Designated Activity Company
    Business Wire | 09:13 AM EDT

    AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to Berkeley Re Designated Activity Company. The ratings reflect Berkeley Re?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.

  4. BRIEF-Oci Q1 Net Cash From Continuing Operations At USD 1,033 Mln
    Reuters | 02:05 AM EDT

    OCI NV: * ENTERS 2025 WITH POSITIVE MOMENTUM. * DISTRIBUTES USD 1.0 BILLION TO SHAREHOLDERS IN MAY. * NET CASH FROM CONTINUING OPERATIONS AT USD 1,033 MILLION AS OF MARCH 31. * METHANOL SALE TO METHANEX EXPECTED TO CLOSE IN Q2 2025. * SECURED A BINDING SUPPORT AGREEMENT WITH A LARGE GROUP OF BONDHOLDERS REGARDING TREATMENT OF 2033 BONDS.

  5. Tennessee Valley Authority downgraded to Aa1
    SourceMedia Bond Buyer | 05/21/25 04:59 PM EDT

    Moody's based this downgrade on the lowering of the rating of the United States government.

  6. Ladder Achieves Investment Grade Credit Rating
    Business Wire | 05/21/25 04:34 PM EDT

    Ladder Capital Corp (LADR), a leading commercial real estate finance REIT, announced today that the Company received an investment grade credit rating from Fitch Ratings. Notably, Ladder solidified its market-leading position by becoming the only commercial mortgage REIT with an investment grade rating. ?We are pleased with Fitch?s investment grade rating, one of our long-standing strategic goals.

  7. American Tower Corporation Prices Senior Notes Offering
    Business Wire | 05/21/25 04:15 PM EDT

    American Tower Corporation (AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2032 in an aggregate principal amount of ?500.0 million. The net proceeds of the offering are expected to be ?496.8 million, after deducting underwriting discounts and estimated offering expenses.

  8. Carnival Corporation & plc Announces Closing of $1.0 Billion 5.875% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction
    PR Newswire | 05/21/25 04:05 PM EDT

    Transaction included full redemption of $993 million 7.625% Senior Unsecured Notes MIAMI, May 21, 2025 /PRNewswire/ -- Carnival Corporation (CCL) &?plc? today announced that Carnival Corporation (CCL) has closed its previously announced private offering of $1.0 billion aggregate principal amount of 5.875% senior unsecured notes due 2031.

  9. Endeavour announces pricing of US$500.0 million 5-year senior notes
    GlobeNewswire | 05/21/25 02:50 PM EDT

    ???????? NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. ENDEAVOUR ANNOUNCES PRICING OF US$500.0 MILLION 5-YEAR SENIOR NOTES London, 21 May 2025 ? Endeavour Mining plc (EDVMF) is pleased to announce the pricing of its offering of US$500.0 million fixed rate senior notes due 2030 as part of its refinancing strategy.

  10. US junk borrowers refinance just $22 billion in Q2 to date, JPM finds
    Reuters | 05/21/25 12:30 PM EDT

    U.S. junk-rated corporate borrowers have refinanced just $22 billion in high-yield bonds and leveraged loans so far in the second quarter, according to JPMorgan analysts, as heightened market volatility has led many borrowers to hold off refinancing their maturing debt.

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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