AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Asian Reinsurance Corporation. The ratings reflect Asian Re?s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A and the Long Term Issue Credit Rating of ?a? of the U.S. operating subsidiaries of Global Indemnity Group, LLC (GBLI) [NYSE: GBLI]. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb? of Global Indemnity..
AM Best has assigned Long-Term Issue Credit Ratings of ?a? to UnitedHealth Group Incorporated?s [NYSE: UNH] recently issued $600 million 3.7% senior unsecured notes, due 2027; $900 million 4% senior unsecured notes, due 2029; $1.5 billion 4.2% senior unsecured notes, due 2032; $2 billion 4.75% senior unsecured notes, due 2052; and $1.0 billion 4.95% senior unsecured notes, due 2062.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of National Life Insurance Company and its wholly owned subsidiary, Life Insurance Company of the Southwest.
LTC Properties, Inc. (LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced that it entered into a Note Purchase Agreement to issue $75 million aggregate principal amount of 3.66% senior unsecured notes.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the primary life insurance subsidiaries of Protective Live Corporation, collectively known as Protective Life.
Faster investor adoption and novel bond ETF applications driving 23% annual growth rate Despite the most challenging fixed income market in decades, BlackRock (BLK) projects that global bond exchange-traded funds assets under management will triple to $5 trillion by 2030.1 The extreme market volatility in the early days of the pandemic reinforced the versatility of bond ETFs.
Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties today announced that the Company has received an inaugural Investment Grade rating from Moody?s Investor Service of Baa3: stable outlook on its senior unsecured revolving and term loan facility.
?. Santander UK PLC. Series 66 GBP 1,000,000,000.00. Floating Rate Covered Bonds due 16 November 2022. Under EUR 35 billion Global Covered Bond Programme. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 2,136,975.34. POOL FACTOR.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Republic Insurance Company Limited. The Credit Ratings reflect Republic Insurance?s balance sheet strength, which AM Best assesses as very strong as well as its adequate operating performance, neutral 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 Insurance Corporation of Barbados Limited. The ratings reflect ICBL?s balance sheet strength, which AM Best assesses as strongest as well as its adequate 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 Century Insurance Company Limited. The ratings reflect CIC Guam?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.
DBRS Morningstar notes strong financials, an effective brand, and prudent capital positioning Security Benefit, a leader in the U.S. retirement market, today announced that DBRS Morningstar has assigned a Financial Strength Rating of ?A? to Security Benefit Life Insurance Company* and First Security Benefit Life Insurance & Annuity Company of New York.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently announced $500 million, 4.5% 10-year senior unsecured notes, due May 13, 2032, issued by Ameriprise Financial, Inc. (AMP) [NYSE: AMP]. The outlook assigned to the Credit Rating is stable. The proceeds from this debt issuance are expected to be used for general corporate purposes.
Intercontinental Exchange (ICE), a leading global provider of data, technology and market infrastructure, announced today that it priced an underwritten public offering of $8 billion in new senior notes.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Reunion Re Compa?ia de Reaseguros S.A.. The outlook of these Credit Ratings is negative.
?. Santander UK PLC. Series 66 GBP 1,000,000,000.00. Floating Rate Covered Bonds due 16 November 2022. Under EUR 35 billion Global Covered Bond Programme. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 2,136,975.34. POOL FACTOR.
SMBX?s community-focused small business marketplace is fueling growth for Innovative Recordings, LLC and Triune Solutions?. Residents can invest in the businesses by purchasing Small Business Bonds? on the SMBX Marketplace Innovative Recordings, LLC and Triune Solutions are the latest businesses giving local residents the opportunity to invest directly in them through the DC Rebuild Bond program.
Equitable Holdings, Inc. (EQH) announced today that Moody?s Investor Services has upgraded the senior unsecured debt rating of Equitable Holdings, Inc. (EQH) to Baa1 from Baa2 and the insurance financial strength ratings of its life insurance subsidiaries to A1 from A2. See Moody?s announcement for further information.
Guotai Junan International Holdings Limited announced that the Company has successfully assisted Orient Securities Company Limited in issuing the world?s first Euro-denominated Yulan Bond on May 5, 2022. This press release features multimedia.
Desktop Metal, Inc. (DM) today announced the pricing of its offering of $100,000,000 aggregate principal amount of 6.0% 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.
Desktop Metal, Inc. (DM) today announced its intention to offer, subject to market and other conditions, $150,000,000 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.
Hercules Capital, Inc. (HTGC), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Fitch Ratings, Inc. has assigned Hercules an investment grade credit and corporate rating of BBB- with a stable outlook.
Multilateral Trading Facility goes live with institutional clients Onboarding majority of top tier sell-side firms and 30+ major asset managers Digital market powered by Distributed Ledger Technology gives clients greater liquidity insight and full data control LONDON & NEW YORK---- LedgerEdge, the next-generation ecosystem for trading, announced that it is live with the first regulated corpora...
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Rating to ?a? from ?aa-? of Arizona Automobile Insurance Company. AAIC was acquired by Trexis One Insurance Corporation, which is a member of the Alfa group.
AM Best has affirmed the Financial Strength Rating of A and the Long- Term Issuer Credit Rating of ?a? of National Guardian Life Insurance Company. Concurrently, AM Best has downgraded the FSR to B++ from A and the Long-Term ICR to ?bbb? from ?a? of Commercial Travelers Life Insurance Company.
?. Santander UK PLC. Issue of GBP 1,000,000,000.00. Floating Rate Covered Bond due 12 November 2024. Series 73 Tranche 1. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 2,821,469.59. POOL FACTOR.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Aegis Security Insurance Company. The ratings reflect Aegis? 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 A+ and the Long-Term Issuer Credit Rating of ?aa-? of Industrial Alliance Insurance and Financial Services Inc.. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of IA. Additionally, AM Best has affirmed the FSR of A and the Long-Term ICRs of ?a? of IA?s U.S. life insurance entities within the IA American Life Group.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Privilege Underwriters Reciprocal Exchange. The ratings of PURE reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Ratings to ?a-? from ?bbb+? of New Era Life Insurance Company and its wholly owned life insurance subsidiaries, New Era Life Insurance Company of the Midwest and Philadelphia American Life Insurance 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 United Heritage Life Insurance Company. The ratings of UHLIC reflect its balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral 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 Ratings to ?bbb-? from ?bbb? of Wisconsin Reinsurance Corporation and 1st Auto & Casualty Insurance Company, collectively referred to as Wisconsin Reinsurance Group.
Regulatory News: Ikonisys SA, a company specializing in the early and accurate detection of cancers with a unique fully-automated solution for medical analysis labs, announces it has secured a financing program that could reach an aggregate nominal amount of ?6 million with Negma Group, an institutional investment fund headquartered in Dubai, UAE, in the form of bonds convertible into new share...
American Express Company (AXP) today announced the settlement of the company?s first Environmental, Social, and Governance Bond on Tuesday, May 3. The use of the net proceeds of the $1 billion bond may be allocated toward sustainable financing projects in the Green and Social categories as directed by the newly developed American Express Sustainable Financing Framework, which is aligned with the comp...
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of ?a-? to Omaha National Insurance Company. The ratings reflect ONIC?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.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Intact Insurance Company, the lead company of Intact Financial Corporation [TSX: IFC], as well as the other subsidiaries of IFC.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of The Lincoln National Life Insurance Company and its wholly owned subsidiary, Lincoln Life & Annuity Company of New York. Additionally, AM Best has affirmed the FSR of A and the Long-Term ICR of ?a+? of First Penn-Pacific Life Insurance Company.
VICI Properties Inc. (VICI) announced today that its subsidiary, VICI Properties L.P., has completed its public offering of $5.0 billion in aggregate principal amount of senior unsecured notes substantially concurrently with the closing of the Company?s acquisition of MGM Growth Properties LLC consisting of: The Issuer used the net proceeds from the offering to fund the approximately $4.4 billion cons...
? Adds 15 Marquee Assets Expanding Real Estate Portfolio to 43 Class-A Properties ? ? Increases Annual Rent by Over $1.0 Billion ? ? Diversifies Tenant Base to Eight Best-In-Class Operators ? ? Closes on $5.0 Billion of Investment Grade Senior Unsecured Notes ? ? Settles the Exchange Offer and Consent Solicitation for Notes Originally Issued by MGP ? NEW YORK---- VICI Properties Inc. (VICI), an experi...
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Investors Heritage Life Insurance Company, which is a subsidiary of Aquarian Insurance Holdings LLC.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of EquiTrust Life Insurance Company. The Credit Ratings reflect EquiTrust?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, neutral 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 Victoria Insurance Company JSC. The ratings reflect Victoria?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and weak enterprise risk management.
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to ?a? from ?aa-? of Prudential Annuities Life Assurance Corporation.
Waste Management today announced that it has priced a public offering of $1,000,000,000 aggregate principal amount of its 4.15% senior notes due April 15, 2032 under an effective shelf registration statement previously filed with the Securities and Exchange Commission. The offering is expected to close on May 12, 2022, subject to the satisfaction of closing conditions.
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 ?bb+? of Jordan French Insurance Company Limited.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Qatar General Insurance & Reinsurance Company QPSC. The ratings reflect QGIRC?s consolidated 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.
Carvana Co. (CVNA) ?, the leading e-commerce platform for buying and selling used cars, today announced it has priced the private placement of $3.275 billion in aggregate principal amount of its 10.2500% Senior Unsecured Notes due 2030. The Notes will bear interest at a rate of 10.2500% per year, payable semi-annually on May 1 and November 1 of each year, beginning on November 1, 2022.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to Anthem Inc.?s newly issued $600 million 4.1 % senior unsecured notes due 2032 and $700 million 4.55% senior unsecured notes due 2052. The proceeds are expected to be utilized for general corporate purposes, including repayment of an upcoming debt maturity of $850 million 3.125% senior unsecured notes due in May 2022.
Dynex Capital, Inc. (DX) reported its first quarter 2022 results today. First Quarter 2022 Highlights Management Remarks ?I am extremely proud of the Dynex team and the first quarter results we achieved, as we skillfully navigated a historically volatile macro environment in which all major bond indices produced negative returns,? stated Byron L. Boston, Chief Executive Officer.
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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