News Results

  1. AM Best Affirms Credit Ratings of Cincinnati Financial Corporation and Subsidiaries
    Business Wire | 01:07 PM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of the property/casualty insurance subsidiaries of Cincinnati Financial Corporation and The Cincinnati Life Insurance Company.

  2. AM Best Upgrades Issuer Credit Ratings of Nassau Financial Group, L.P. Operating Insurance Subsidiaries
    Business Wire | 10:22 AM EST

    AM Best has upgraded the Long-Term Issuer Credit Ratings to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Nassau Life Insurance Company, Nassau Life and Annuity Company and Nassau Life Insurance Company of Kansas.

  3. AM Best Downgrades Credit Ratings of Momentum Life Limited; Places Credit Ratings Under Review With Negative Implications
    Business Wire | 10:03 AM EST

    AM Best has downgraded the Financial Strength Rating to B from B++ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb? of Momentum Life Limited. This rating action follows Momentum Life?s weakened current capital position and the material uncertainty related to the company?s future capital adequacy to support its operations.

  4. AM Best Affirms Credit Ratings of The Dai-ichi Life Insurance Company, Limited
    Business Wire | 09:21 AM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The outlook of these Credit Ratings is stable.

  5. Gen Announces Proposed Offering of Senior Notes
    PR Newswire | 09:10 AM EST

    TEMPE, Ariz. and PRAGUE, Feb. 13, 2025 Gen Digital Inc. (GEN), a global leader dedicated to powering Digital Freedom through its family of consumer brands, announced today that it is proposing to sell $1,100 million aggregate principal amount of senior notes due 2033 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.

  6. BRIEF-Stellantis, Cr?dit Agricole JV Leasys Prices EUR 500 Mln Bond
    Reuters | 04:03 AM EST

    Stellantis NV (STLA): * LEASYS PRICES EURO 500 MILLION EURO MEDIUM TERMS NOTE PROGRAMME ISSUANCE. * UNSECURED SENIOR DEBT SECURITIES DUE AUGUST 2027, WITH FIXED RATE COUPON SET AT 2.875% Source text: https://tinyurl.com/895tw5ua Further company coverage:

  7. Mexican breadmaker Bimbo issues bonds for $730 mln
    Reuters | 02/12/25 04:54 PM EST

    Mexican breadmaker Grupo Bimbo on Wednesday announced a bond issuance on the local market for 15 billion pesos, in two series maturing in three and seven years. Bimbo said it would use the proceeds from the debt offering, which was met with a demand of some 22 billion pesos, for regular operations including investments, working capital and refinancing of liabilities.

  8. AM Best Downgrades Credit Ratings of Universal North America Insurance Company; Maintains Under Review With Negative Implications Status
    Business Wire | 02/12/25 02:10 PM EST

    AM Best has downgraded the Financial Strength Rating to B from B + and the Long-Term Issuer Credit Rating to ?bb? from ?bbb-? of Universal North America Insurance Company. The ratings reflect UNAIC?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.

  9. AM Best Affirms Credit Ratings of Soci?t? Centrale de R?assurance
    Business Wire | 02/12/25 11:00 AM EST

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Soci?t? Centrale de R?assurance. The ratings reflect SCR?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

  10. BRIEF-Vitec Issues Senior Unsecured Notes Of SEK 1,000 Million
    Reuters | 02/12/25 10:04 AM EST

    Vitec Software Group AB : * VITEC ISSUES SENIOR UNSECURED NOTES OF SEK 1,000 MILLION Source text: Further company coverage:

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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