News Results

  1. GATX Corporation Announces BBB+ Long-Term Issuer Rating From Fitch Ratings, Inc.
    Business Wire | 01/30/23 02:13 PM EST

    GATX Corporation (GATX) announced today that Fitch Ratings, Inc. has assigned the Company a BBB+ Long-Term Issuer Default Rating with a stable outlook, a BBB+ senior unsecured debt rating, an F2 short-term IDR and an F2 commercial paper rating.

  2. iShares? iBonds? 2023 Term Maturity ETFs Near Final Distribution Dates
    Business Wire | 01/27/23 05:36 PM EST

    BlackRock (BLK) announced today the planned termination of two 2023 iBonds ETFs, which possess the following timelines for trading, net-asset value circulation and expected liquidation: iBonds ETFs are designed to cease trading and mature during a specific maturity window like an individual bond. iBonds ETFs, across treasuries, municipal bonds and both investment-grade and high-yield corporate credit...

  3. AM Best Withdraws Credit Ratings of St. Charles Insurance Company Risk Retention Group
    Business Wire | 01/27/23 04:42 PM EST

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of St. Charles Insurance Company Risk Retention Group. The ratings reflect St. Charles? balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.

  4. AM Best Affirms Credit Ratings of Factory Mutual Insurance Company and Its Subsidiaries
    Business Wire | 01/27/23 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.

  5. 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.

  6. 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.

  7. Genesis Energy, L.P. Announces the Expiration of Its Tender Offer for Any and All of Aggregate Principal Amount of Its 5.625% Senior Notes Due 2024
    Business Wire | 01/24/23 07:58 PM EST

    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.

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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