AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb+? and the Mexico National Scale Rating of ?aa+.MX? of Grupo Mexicano de Seguros, S.A. de C.V.. The outlooks assigned to these Credit Ratings is positive.
Liberty Media Corporation (LSXMA) announced today that it has closed its previously announced private offering of $475 million aggregate principal amount of its 2.25% convertible senior notes due 2027, including notes with an aggregate principal amount of $50 million issued pursuant to the exercise of an option granted to the initial purchasers, which was exercised in full.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb? to the recently announced USD 750 million, 5.625% senior unsecured notes, due Aug. 16, 2032, of Fairfax Financial Holdings Limited.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb? to the forthcoming $1.2 billion, 6% junior subordinated notes, due Sept. 1, 2052, and the $300 million, 5.95% junior subordinated notes, due Sept. 1, 2062, to be issued by Prudential Financial, Inc. [NYSE: PRU]. The outlook assigned to these Credit Rating is stable.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the operating subsidiaries of AXIS Capital Holdings Limited, collectively referred to as AXIS.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of the members of Allstate Insurance Group . Additionally, AM Best has affirmed the FSR of A and the Long-Term ICRs of ?a? of the members of Allstate New Jersey Insurance Group and First Colonial Insurance Company.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the key life/health subsidiaries of Globe Life Inc. (GL) [NYSE: GL]. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb+? of Globe Life.
AM Best has downgraded the Financial Strength Rating to A- from A and the Long-Term Issuer Credit Ratings to ?a-? from ?a? of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (KMPR) [NYSE: KMPR], collectively referred to as Kemper Property & Casualty Group.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?aa-? from ?aa? and affirmed the Financial Strength Rating of A+ of the property/casualty members of Erie Insurance Group.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to Reaseguradora Delta, S.A.. The outlook assigned to these Credit Ratings is stable. The ratings reflect Delta Re?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.
DBRS Limited assigned an Issuer Rating and Senior Secured Notes rating of BBB to Futbol Club Barcelona with Stable trends. FCB is one of the most popular franchises in the world?s most popular sport. FCB?s success on the pitch and ability to monetize its brand led to strong and consistent revenues prior to the onset of the Coronavirus Disease pandemic in 2020.
Liberty Media Corporation (LSXMA) announced today that it has priced and agreed to sell to initial purchasers in an upsized private offering $425 million aggregate principal amount of its 2.25% convertible senior notes due 2027. The Notes will be convertible into cash, shares of Liberty?s Series C Liberty Formula One common stock or a combination thereof, at Liberty?s election.
AM Best has upgraded the Long-Term Issuer Credit Ratings to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company.
Liberty Media Corporation (LSXMA) announced today that it intends to offer $375 million aggregate principal amount of convertible senior notes in a private offering. The Notes will be convertible into cash, shares of Liberty?s Series C Liberty Formula One common stock or a combination thereof, at Liberty?s election.
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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