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.
Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the European Central Bank moved towards tightening.
Oxurion Provides Further Details Concerning the Second Amendment to Negma Funding Program Leuven, BELGIUM, Boston, MA, US ? January 26, 2023 8:00 am CET ? Oxurion NV a biopharmaceutical company developing next generation standard of care ophthalmic therapies, with clinical stage assets in vascular retinal disorders, has entered into an amendment of its mandatory convertible bonds issuance and ...
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb? of ACMAT Corporation [OTC Market: ACMT]. Concurrently, AM Best has affirmed the Financial Strength Rating of A and the Long-Term ICR of ?a? of ACMAT?s wholly owned subsidiary, ACSTAR Insurance Company.
- A New Year rally in U.S. corporate bonds has started to lose some momentum, as some investors become skeptical of recent optimism about a 'Goldilocks' economic scenario of slowing inflation against a backdrop of moderate growth.Credit spreads for both investment-grade and high-yield bonds have been tightening in recent months, and more so this month, as lower inflation prints raised hopes of ...
- A New Year rally in U.S. corporate bonds has started to lose some momentum, as some investors become skeptical of recent optimism about a 'Goldilocks' economic scenario of slowing inflation against a backdrop of moderate growth.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa? of Acuity, A Mutual Insurance Company. The Credit Ratings reflect Acuity?s balance sheet strength, which AM Best assesses at the strongest level, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
Proceeds from PNC's Green Bond issuances will be used to finance or re-finance Eligible Green Projects that promote a transition to a low-carbon economy and offer environmentally sustainable benefits. PITTSBURGH, Jan. 25, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (PNC) announced today the closing of its latest Green Bond issuance.
C-Bond Systems (CBNT), a nanotechnology solutions company, today announced that its Patriot Glass Solutions division was awarded a $137,000 security window film project by the San Antonio Independent School District.
Oxurion Announces Second Amendment to Negma Funding Program Leuven, BELGIUM, Boston, MA, US ? January 25, 2023 8:30 am ? Oxurion NV a biopharmaceutical company developing next generation standard of care ophthalmic therapies, with clinical stage assets in vascular retinal disorders, announced today that it has further amended its mandatory convertible bonds issuance and subscription agreement w...
Genesis Energy, L.P. (GEL) today announced that its previously announced cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 5.625% senior unsecured notes due 2024 that we co-issued with our subsidiary, Genesis Energy Finance Corporation, expired at 5:00 p.m., New York City time, on January 24, 2023.
Borr Drilling Ltd (BORR): * BORR DRILLING LIMITED (BORR) - CONTEMPLATED UP TO USD 250 MILLION SENIOR UNSECURED CONVERTIBLE BOND ISSUE AND USD 150 MILLION SENIOR SECURED HIGH YIELD BOND ISSUE. * BORR DRILLING (BORR)- - PROCEEDS FROM CONVERTIBLE BONDS WILL BE USED TO REFINANCE OUTSTANDING USD 350 MILLION OF CONVERTIBLE BONDS DUE 23 MAY 2023.
Getty Realty Corp (GTY): * Getty Realty Corp (GTY). ANNOUNCES ISSUANCE OF $125 MILLION OF 3.65% SENIOR UNSECURED NOTES DUE JANUARY 2033. * Getty Realty Corp (GTY) - ISSUANCE OF $125 MILLION OF SENIOR UNSECURED NOTES PRICED AT A FIXED RATE OF 3.65% AND MATURING JANUARY 20, 2033 Source text for Eikon: Further company coverage:
Getty Realty Corp. (GTY) announced today the issuance of $125 million of senior unsecured notes priced at a fixed rate of 3.65% and maturing January 20, 2033 pursuant to note purchase and guarantee agreements entered into in February 2022 and previously announced.
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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