News Results

  1. AM Best Affirms Credit Ratings of Factory Mutual Insurance Company and Its Subsidiaries
    Business Wire | 01:58 PM EST

    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.

  2. Rising interest rates have a sting in the tail for Europe's banks
    Reuters | 02:05 AM EST

    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.

  3. Oxurion Provides Further Details Concerning the Second Amendment to Negma Funding Program
    GlobeNewswire | 02:00 AM EST

    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 ...

  4. AM Best Affirms Credit Ratings of ACMAT Corporation and ACSTAR Insurance Company
    Business Wire | 01/26/23 10:19 AM EST

    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.

  5. Analysis-U.S. corporate bond rally stumbles on 'Goldilocks' skepticism
    Reuters | 01/25/23 11:03 AM EST

    - 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 ...

  6. Analysis-U.S. corporate bond rally stumbles on 'Goldilocks' skepticism
    Reuters | 01/25/23 11:03 AM EST

    - 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.

  7. AM Best Affirms Financial Strength Credit Rating for Acuity, A Mutual Insurance Company; Revises Issuer Credit Rating Outlook to Negative
    Business Wire | 01/25/23 09:49 AM EST

    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.

  8. BRIEF-Pnc Issues Second Green Bond For $1.25 Billion
    Reuters | 01/25/23 09:12 AM EST

    PNC Financial Services Group Inc (PNC) : * PNC ISSUES SECOND GREEN BOND FOR $1.25 BILLION Source text for Eikon: Further company coverage:

  9. PNC ISSUES SECOND GREEN BOND FOR $1.25 BILLION
    PR Newswire | 01/25/23 09:06 AM EST

    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.

  10. C-Bond Systems? Patriot Glass Solutions Division is Awarded a $137,000 Security Window Film Project by San Antonio Independent School District
    GlobeNewswire | 01/25/23 08:30 AM EST

    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.

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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