News Results

  1. AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Grupo Mexicano de Seguros, S.A. de C.V.
    Business Wire | 08/12/22 04:34 PM EDT

    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.

  2. Liberty Media Corporation Closes Private Offering of $475 Million of 2.25% Convertible Senior Notes Due 2027
    Business Wire | 08/12/22 04:15 PM EDT

    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.

  3. AM Best Assigns Issue Credit Rating to Fairfax Financial Holdings Limited?s Senior Unsecured Notes
    Business Wire | 08/12/22 04:04 PM EDT

    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.

  4. AM Best Assigns Issue Credit Ratings to Prudential Financial Inc.?s Forthcoming Junior Subordinated Notes
    Business Wire | 08/12/22 12:40 PM EDT

    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.

  5. AM Best Affirms Credit Ratings of AXIS Capital Holdings Limited and Its Operating Subsidiaries
    Business Wire | 08/12/22 11:03 AM EDT

    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.

  6. AM Best Affirms Credit Ratings of The Allstate Corporation and Its Key Subsidiaries
    Business Wire | 08/11/22 04:14 PM EDT

    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.

  7. AM Best Affirms Credit Ratings of Globe Life Inc. and its Subsidiaries
    Business Wire | 08/11/22 02:13 PM EDT

    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.

  8. AM Best Downgrades Credit Ratings of Kemper Corporation, Its Affiliates and Subsidiaries
    Business Wire | 08/11/22 01:52 PM EDT

    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.

  9. AM Best Downgrades Issuer Credit Ratings of Erie Insurance Group?s Members; Affirms Credit Ratings of Erie Family Life Insurance Company
    Business Wire | 08/11/22 01:49 PM EDT

    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.

  10. AM Best Assigns Credit Ratings to Reaseguradora Delta, S.A.
    Business Wire | 08/10/22 03:32 PM EDT

    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.

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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