* FITCH AFFIRMS BULGARIA AT 'BBB'; OUTLOOK POSITIVE. * FITCH ON BULGARIA SAYS POSITIVE OUTLOOK REFLECTS PROSPECT OF EURO ADOPTION, WHICH WOULD LEAD TO SIGNIFICANT IMPROVEMENTS IN EXTERNAL METRICS. * FITCH ON BULGARIA SAYS IT MAINTAINS ITS VIEW THAT ECONOMIC PROSPECTS WILL BE FAVOURABLE OVER NEXT YEARS, SUPPORTED BY SUBSTANTIAL EU FUNDING Source text for Eikon:
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to Pedcor Assurance Company. The ratings reflect PAC?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.
Nexpoint Real Estate Finance Inc (NREF) : * NEXPOINT REAL ESTATE FINANCE, INC. ANNOUNCES OFFERING OF SENIOR UNSECURED NOTES. * Nexpoint Real Estate Finance Inc (NREF) - HAS LAUNCHED AN OFFERING OF ITS 5.75% SENIOR NOTES DUE 2026.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Nippon Life Insurance Company. The ratings of Nissay reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
DALLAS, Jan. 21, 2022 NexPoint Real Estate Finance, Inc. (NREF) announced today that it has launched an offering of its?5.75% Senior Notes due 2026. The Company intends to contribute the net proceeds from this offering to its operating partnership, NexPoint Real Estate Finance Operating Partnership, L.P., in exchange for OP units. Raymond James is acting as sole book-running manager for the offering.
- Investors stepped up selling in global bond funds in the seven days to Jan. 19 as hawkish remarks from U.S. Fed officials amid rising inflationary pressure solidified expectations that the central bank will tighten monetary policy as early as March. Investors offloaded global bond funds of $4.12 billion, that topped previous weeks outflows by about 69%, Refinitiv Lipper data showed.
Investors stepped up selling in global bond funds in the seven days to Jan. 19 as hawkish remarks from U.S. Fed officials amid rising inflationary pressure solidified expectations that the central bank will tighten monetary policy as early as March. Investors offloaded global bond funds of $4.12 billion, that topped previous weeks outflows by about 69%, Refinitiv Lipper data showed.
Nufarm Ltd (NUFMF): * PRICES US$350 MILLION SENIOR UNSECURED NOTES OFFERING. * NOTES WILL HAVE A FIXED RATE COUPON OF 5% * INTENDS TO APPLY NET PROCEEDS RECEIVED FROM NOTES TOGETHER WITH CASH ON HAND TO FULLY REPAY AMOUNTS OUTSTANDING Source text for Eikon: Further company coverage:
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-" of ManhattanLife Insurance and Annuity Company, The Manhattan Life Insurance Company, Family Life Insurance Company and Western United Life Assurance Company.
Westamerica Bancorporation, parent company of Westamerica Bank, generated net income for the fourth quarter 2021 of $21.7 million and diluted earnings per common share of $0.81. Fourth quarter 2021 results compare to net income of $22.1 million and EPS of $0.82 for the third quarter 2021, which included ?make-whole? interest income on corporate bonds redeemed before maturity, which increased EP...
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of EFU General Insurance Limited. The ratings reflect EFUG?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and marginal enterprise risk management.
Notes due 2027 Initially Assigned a Baa3 and BBB+ by Moody?s Investors Service and Kroll Bond Rating Agency, Respectively Hercules Capital, Inc. (HTGC), today announced that it has closed an underwritten public offering of $350.0 million in aggregate principal amount of 3.375% notes due January 2027.
AutoCanada Inc (AOCIF): * AUTOCANADA ANNOUNCES OFFERING OF $300 MILLION SENIOR UNSECURED NOTES. * AutoCanada Inc (AOCIF) - INTENDS TO OFFER $300 MILLION OF 7-YEAR SENIOR UNSECURED NOTES. * AutoCanada Inc (AOCIF) - INTENDS TO USE NET PROCEEDS OF OFFERING TO FUND REDEMPTION OF ITS OUTSTANDING $250 MILLION 8.75% SENIOR NOTES DUE 2025.
AM Best has assigned a Financial Strength Rating of A+ and a Long-Term Issuer Credit Rating of ?aa-? to Greater Midwestern Indemnity Company. The ratings of Midwestern and Mid-Atlantic reflect their balance sheet strength, which AM Best assesses as strongest, as well as their strong level of operating performance, neutral business profile and appropriate enterprise risk management.
Guotai Junan International Holdings Limited announced that the Company participated in the underwriting of 29 Green Bonds and Sustainability Bonds in 2021, representing an increase of 164% Year-over-Year, while the total fundraising amounted to HK$70.1 billion, representing an increase of nearly 271% YOY. This press release features multimedia.
The Investment Company Institute reported a large drop of inflows into municipal bond mutual funds at $142 million in the week ending Jan. 12, down from $1.413 billion in the previous week.
STAMFORD,?Conn., Jan. 19, 2022 ?Charter Communications, Inc. (CHTR) today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., have closed on $1.2 billion in aggregate principal amount of senior unsecured notes due 2032. the United States to non-U.S. persons in reliance on Regulation S. The Notes have not been registered under the Securities Act of 1933, as amended, or an...
AM Best has revised outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of the Joint-Stock Company Subsidiary of Halyk Bank of Kazakhstan Halyk Insurance Company.
Ratings agency Fitch said that Unilever's (UL) bid for GlaxoSmithKline's (GSK) consumer health assets would put the consumer goods group's 'A' credit rating at risk because of the huge debt it would have to swallow. Unilever's (UL) 50 billion pound initial bid for GSK's consumer health arm, which owns brands including Panadol painkillers and Sensodyne toothpaste, was rejected by the pharmaceuticals company.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Texas Hospital Insurance Exchange. The ratings reflect THIE?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
PITTSBURGH, Jan. 18, 2022 ?DICK'S Sporting Goods, Inc. (DKS), the largest U.S.-based full-line omni-channel sporting goods retailer, today announced the closing on January 14, 2022, of its previously announced offering of $750 million of 3.15% senior notes due 2032 and $750 million of 4.1% senior notes due 2052. April 2020, or common stock.
Ratings agency Fitch said on Monday it has placed various ratings from Citigroup's (C) consumer banking arm in Mexico on review for downgrade after Citigroup (C) announced plans to sell the unit. The review, dubbed Rating Watch Negative, applies to ratings at Citibanamex, as the Mexico business is known, as well as some affiliate units.
Ratings agency Moody's Investors Service on Sunday placed all ratings and assessments of the consumer banking arm of Citigroup (C) in Mexico on review for downgrade.
Ratings agency Moody's Investors Service on Sunday placed all ratings and assessments of the consumer banking arm of Citigroup (C) in Mexico on review for downgrade.
* FITCH REVISES ANDORRA'S OUTLOOK TO POSITIVE; AFFIRMS AT 'BBB+' * FITCH SAYS EXPECTS RECOVERY IN GDP GROWTH AND DECLINE IN FISCAL SUPPORT IN ANDORRA TO UNDERPIN A RETURN TO GENERAL GOVERNMENT FISCAL SURPLUS IN 2022. * FITCH ON ANDORRA SAYS IN 2022, EXPECT DIRECT TAX REVENUES TO BENEFIT FROM HIGH EMPLOYMENT RATE, WHICH WAS AT ITS HIGHEST LEVEL IN 10 YEARS IN 3Q21.
JPMorgan Chase & Co (JPM) posted fourth-quarter profit ahead of market expectations on Friday, but its shares fell as much as 6% as analysts expressed disappointment over its forecasts for future profitability.
* FITCH RATINGS: OMICRON WEAKENS GLOBAL LODGING REVENUE RECOVERY PROSPECTS. * FITCH - EXPECTS URBAN DESTINATIONS, IN UPSCALE SEGMENT TARGETING BUSINESS TRAVELLERS, TO REMAIN UNDER PRESSURE AS 'RETURN TO OFFICE' POLICIES HAVE BEEN DELAYED.
Virgin Galactic Holdings, Inc. (SPCE) today announced the pricing of its offering of $425 million aggregate principal amount of 2.50% convertible senior notes due 2027 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Charter Communications Inc (CHTR): * CHARTER PRICES $1.2 BILLION SENIOR UNSECURED NOTES. * CHARTER-SUBSIDIARIES,CCO HOLDINGS, LLC,CCO HOLDINGS CAPITAL CORP HAVE PRICED $1.2 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2032 Source text for Eikon: Further company coverage:
IRVING, Texas, Jan. 13, 2022 Commercial Metals Company (CMC) announced today that it has agreed to sell $300 million in aggregate principal amount of 4.125% Senior Notes due 2030 and $300 million in aggregate principal amount of 4.375% Senior Notes due 2032 in an underwritten public offering under its effective shelf registration statement.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Factory Mutual Insurance Company and its subsidiaries, which are collectively referred to as FM Global Group.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? for the members of The Progressive Corporation [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of ?a? for Progressive, the parent holding company, and all Long-Term Issue Credit Ratings on Progressive?s senior and preferred stock issuances.
Turin, 13th January 2022. Iveco Group N.V. announces that on 13th January, 2022 Fitch Ratings assigned Iveco Group N.V. a final Long-Term Issuer Default Rating of ?BBB-?. The outlook is stable. Iveco Group N.V. is an On-Highway global organisation tasked with safeguarding, supporting, and bolstering eight unique, yet unified brands.
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 Mountain West Farm Bureau Mutual Insurance Company.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Hannover R?ck SE and its main subsidiaries. These ratings reflect Hannover Re?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
Charter Communications Inc (CHTR): * CHARTER OFFERS SENIOR UNSECURED NOTES. * CHARTER COMMUNICATIONS (CHTR) - UNIT INTEND TO USE NET PROCEEDS INCLUDING TO FUND POTENTIAL BUYBACKS OF CLASS A COMMON STOCK OF CHARTER Source text for Eikon: Further company coverage:
IRVING, Texas, Jan. 13, 2022 Commercial Metals Company (CMC) announced today a proposed offering of $300 million in aggregate principal amount of senior notes in an underwritten public offering under its effective shelf registration statement, subject to market conditions and other factors.
Virgin Galactic Holdings, Inc. (SPCE) today announced its intention to offer, subject to market and other conditions, $425 million aggregate principal amount of convertible senior notes due 2027 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
China Evergrande Group's (EGRNF) main unit Hengda Real Estate Group has reached an agreement with bondholders to delay payments for a 4.5 billion yuan onshore bond, Hengda said in a filing on Thursday. The company had been seeking a six-month delay for redemption and coupon payments on its 6.98% January 2023 bond at a meeting with bondholders held Jan. 7-13.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Insurance House P.S.C.. The outlook of these Credit Ratings is stable. The ratings reflect IH?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Mandal Daatgal JSC. The ratings reflect Mandal?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
Sonoco Products Co (SON): * SONOCO PRICES INAUGURAL GREEN BOND OFFERING. * SONOCO - GREEN BONDS TOTAL $1.2 BILLION AGGREGATE PRINCIPAL AMOUNT Source text for Eikon: Further company coverage:
SLR Investment Corp (SLRC): * SLR Investment Corp (SLRC). ISSUES $135 MILLION OF FIVE-YEAR 3.33% SENIOR UNSECURED NOTES; REDUCES LONG-TERM AVERAGE BORROWING RATE Source text for Eikon: Further company coverage:
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Manhattan Life Assurance Company of America, The Manhattan Life Insurance Company, Family Life Insurance Company and Western United Life Assurance Company.
SLR Investment Corp.?, today reported it has issued $135 million of 3.3% senior unsecured notes due January 2027 in a private placement. ?Through this $135 million issuance, together with the $50 million of senior unsecured notes issued in Q3 2021, we have lowered the Company?s long-term average unsecured financing rate.
INDIANAPOLIS, Jan. 12, 2022 Calumet Specialty Products Partners, L.P. (CLMT) and its wholly-owned subsidiary Calumet Finance Corp. announced today that, subject to market conditions, they intend to offer for sale to eligible purchasers in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, $300 million in aggregate principal amount of senior unsecured notes ...
Sonoco, one of the largest sustainable global packaging companies, today announced the successful pricing of its first green bonds to support the Company?s sustainability strategy.
MADRID---- Regulatory News: Colonial and its French subsidiary Soci?t? Fonci?re Lyonnaise have announced their intention to convert all the outstanding bonds of the Colonial Group into ?green bonds?. With this objective, the Group led by Juan Jos? Brugera and Pere Vi?olas has prepared a Green Financing Framework to align the Group's financing strategy with its sustainability objectives.
January 11, 2022 -- Triton International Limited (TRTN) today announced that its subsidiaries, Triton Container International Limited and TAL International Container Corporation, as co-issuers, have priced a public offering of $600 million aggregate principal amount of 3.250% Senior Notes due 2032 at an offering price of 99.600% of the principal amount thereof.
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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