News Results

  1. AM Best Upgrades Credit Ratings of Independence Life and Annuity; Affirms Credit Ratings of Sun Life Financial and Most of Its Subsidiaries
    Business Wire | 02/22/24 05:40 PM EST

    AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to ?a? from ?a-? of Independence Life and Annuity Company.

  2. BRIEF-Royal Caribbean Group Announces Upsizing And Pricing Of $1.25 Billion Offering Of Senior Unsecured Notes
    Reuters | 02/22/24 05:37 PM EST

    Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES UPSIZING AND PRICING OF $1.25 BILLION OFFERING OF SENIOR UNSECURED NOTES TO REFINANCE ITS SENIOR NOTES DUE 2027. * ROYAL CARIBBEAN GROUP - PRICED ITS PRIVATE OFFERING OF $1.25 BILLION AGGREGATE PRINCIPAL AMOUNT OF 6.25% SENIOR UNSECURED NOTES DUE 2032 Source text for Eikon: Further company coverage:

  3. AM Best Revises Issuer Credit Rating Outlook to Negative for PEMCO Mutual Insurance Company
    Business Wire | 02/22/24 04:57 PM EST

    AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of PEMCO Mutual Insurance Company.

  4. Royal Caribbean Group announces upsizing and pricing of $1.25 billion offering of senior unsecured notes to refinance its senior notes due 2027
    PR Newswire | 02/22/24 04:35 PM EST

    MIAMI, Feb. 22, 2024 Royal Caribbean Cruises Ltd. (RCL) today announced that it has priced its private offering of $1.25 billion aggregate principal amount of 6.25% senior unsecured notes due 2032.

  5. Fidelis Insurance Group Sponsors New Herbie Re Ltd. Catastrophe Bond
    Business Wire | 02/22/24 04:18 PM EST

    Fidelis Insurance Holdings Limited (FIHL) announced today that Fidelis Insurance Bermuda Limited has successfully closed a new catastrophe bond through the issuance of the Series 2024-1 Class A Principal at Risk Variable Rate Notes and the Series 2024-1 Class B Principal at Risk Variable Rate Notes by its Herbie Re Ltd. program.

  6. Cocoa prices hit new peaks amid bleak production outlook
    Reuters | 02/22/24 04:13 PM EST

    Prices for chocolate-making raw material cocoa rose to fresh peaks on Thursday, accumulating gains above 10% this week alone, amid reports of negative production outlook for the world's second largest grower.

  7. AM Best Affirms Credit Ratings of Berkshire Hathaway Homestate Insurance Company and Its Affiliates
    Business Wire | 02/22/24 03:53 PM EST

    AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Berkshire Hathaway Homestate Insurance Company and its five property/casualty affiliates.

  8. BRIEF-Moody's Affirms Laos' Rating At Caa3, Maintains Stable Outlook
    Reuters | 02/22/24 11:39 AM EST

    Moody's: * MOODY'S AFFIRMS LAOS' RATING AT CAA3; MAINTAINS STABLE OUTLOOK Source text for Eikon:

  9. AM Best Upgrades Credit Ratings of Aspire General Insurance Company
    Business Wire | 02/22/24 10:46 AM EST

    AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Aspire General Insurance Company. The ratings reflect Aspire General?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.

  10. AM Best Affirms Credit Ratings of Energas Insurance (L) Limited
    Business Wire | 02/22/24 10:05 AM EST

    AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a? of Energas Insurance Limited. The ratings reflect Energas? balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

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.

fir_news_results