ROME, Oct. 1, 2022 Development finance leader Alvaro Lario takes the helm of the UN's International Fund for Agricultural Development on Saturday with an urgent mission to battle poverty and hunger among the world's rural poor as they face existential threats of climate change and food insecurity.
* MOODY'S DOWNGRADES GHANA'S RATING TO CAA2 AND PLACES IT ON REVIEW FOR DOWNGRADE. * MOODY'S DOWNGRADES GHANA'S RATING TO CAA2 AND PLACES IT ON REVIEW FOR DOWNGRADE. * MOODY'S SAYS GHANA'S RATING DOWNGRADE TO CAA2 REFLECTS RECENT MACROECONOMIC DETERIORATION, FURTHER HEIGHTENING GOVERNMENT'S LIQUIDITY.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb+? of Markel Corporation, as well as its Long-Term Issue Credit Ratings. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICRs of ?a+? of the members of State National Group. The outlook of these Credit Ratings is stable.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of SCOR SE and its main operating subsidiaries.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Hyundai Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect HIC?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
FirstService Corporation (FSV) announced today that it has entered into two new revolving, uncommitted financing facilities for potential future private placement issuances of senior unsecured notes aggregating US$450 million with its existing lenders, NYL Investors LLC of up to US$150 million and PGIM Private Capital, the direct private debt and structured equity investment affiliate of PGIM, Inc., ...
Moody's top European analyst has flagged Oct. 21 as the next crucial date for Britain's credit rating following the firm's negative assessment this week of the government's new debt-fuelled spending plans.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Beneficial Insurance Limited. The ratings reflect Beneficial?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb-? of Tower Hill Prime Insurance Company. The ratings reflect Tower Hill Prime?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Southern Pioneer Property and Casualty Insurance Company. The ratings reflect Southern Pioneer?s 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.
Borrowing costs for UK companies have soared since the British government's mini-budget last week spooked markets, with data showing sterling corporate bonds suffering their biggest monthly selloff since at least the 1990s. The Bank of England on Wednesday said it would start buying long-dated UK government bonds again to try to stabilise the market in a dramatic 65 billion pound intervention.
Borrowing costs for UK companies have soared since the British government's mini-budget last week spooked markets, with data showing sterling corporate bonds suffering their biggest monthly selloff since at least the 1990s. The Bank of England on Wednesday said it would start buying long-dated UK government bonds again to try to stabilise the market in a dramatic 65 billion pound intervention.
UK corporate bond prices are headed for their biggest monthly fall since the 1990s, two indexes showed on Wednesday, as the fallout from the British government's "mini-Budget" reverberates across markets. The Markit iBoxx Sterling Corporate Bond Index has fallen 10.2% so far in September to a price of 296, putting it on course for its biggest monthly slide since at least 1999.
?. Consort Healthcare Funding plc. GBP398,680,000 1.972per cent Index Linked. Guaranteed Secured Bonds due 2044. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 1,000.00 IS GBP 12.34. POOL FACTOR.
Global ratings agency Moody's has warned the British government that plans for unfunded tax cuts could lead to larger budget deficits and higher interest rates, threatening the country's credibility with investors.
- Citigroup Inc (C/PN) said on Tuesday it had hired six Hispanic-owned firms to co-manage its $2.75 billion bond offering, a week after the lender set new diversity goals for its workforce. Citi is the lead underwriter for the offering. The move is in honor of the National Hispanic Heritage Month, which is celebrated annually from Sept. 15 to Oct. 15, Citigroup (C/PN) said.
Citigroup Inc (C/PN) said on Tuesday it had hired six Hispanic-owned firms to co-manage its $2.75 billion bond offering, a week after the lender set new diversity goals for its workforce. Citi is the lead underwriter for the offering. The move is in honor of the National Hispanic Heritage Month, which is celebrated annually from Sept. 15 to Oct. 15, Citigroup (C/PN) said.
Santander Holdings USA, Inc. announced its first sustainable bond offering on Sept. 6. Santander US is the first Santander Group entity to issue bonds of this kind, utilizing Santander Group?s recently released Green, Social & Sustainability Funding Global Framework.
Britain's new tax cut and spending plans will push up its debt levels and raise the stakes in terms of the sustainability of the country's public finances, credit rating agency Scope said on Tuesday.
Euro zone banks are set for some pain as the economy slows and higher interest rates land some companies in hot water, the European Central Bank vice-president Luis de Guindos said on Tuesday.
Chinese real estate developer Shanghai Shimao co said the repayment of a 1 billion yuan bond due Oct. 21 was uncertain. The developer said it will negotiate with bondholders to reach an agreement on the repayment of the bond, it said in a statement on Tuesday.
Estimates the UBS Funds? Boards Have Collectively Spent At Least $4 Million of Shareholders? Capital to Try to Thwart Necessary Change Highlights the Significant Decline of the Funds? Respective Net Asset Values Under the Incumbent Boards? Watch Reiterates Unwavering Commitment to Improving Governance and Unlocking Value Across the Funds, No Matter the Cost or Time Required SAN JUAN, Puerto Ric...
Lineup of October Buffer ETFs? have exhibited decreased downside and volatility relative to reference assets in the current outcome period marked by significant market losses Flagship Innovator U.S. Equity Buffer ETFs? ? BOCT, POCT, UOCT ? seek to provide SPY exposure up to a cap, with downside buffer levels of 9%, 15% or 30% over one-year Outcome Period starting October 1st Q4 cap ranges annou...
The cost of insuring exposure to European corporate bonds hit its highest level since March 2020, when the COVID-19 pandemic rattled world markets, S&P Global Market Intelligence data showed on Monday.
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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