AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Seguros e Inversiones, S.A. . The outlook of these Credit Ratings is stable. The ratings reflect SISA?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 ?bb+? of Folgate Insurance Company Limited. The ratings reflect Folgate?s balance sheet strength, which AM Best assesses as adequate, as well as the company?s adequate operating performance, very limited business profile and appropriate enterprise risk management.
AM Best has assigned the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? to Mongolian National Reinsurance JSC. The ratings reflect Mongolian Re?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 Rating of ?a-? of NongHyup Property and Casualty Insurance Company Limited. The ratings reflect NH P&C?s balance sheet strength, which AM Best assesses as 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 Rating of ?a? of Group Ark Insurance Limited. The ratings reflect Ark?s consolidated 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.
Genesis Energy, L.P. (GEL) today announced that it has priced a public offering of $600,000,000 in aggregate principal amount of 8.250% senior unsecured notes due 2029.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa? of Knights of Columbus. The ratings reflect the Order?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable 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 Orion Reinsurance Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect Orion Re?s balance sheet strength, which AM Best assesses as 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 Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company, together referred to as Securian Financial Insurance Group.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of PGA Sompo Insurance Corporation. The ratings reflect PGA Sompo?s balance sheet strength, which AM Best assesses as strong, as well as its strong 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 Irwell Insurance Company Limited. The ratings reflect Irwell?s balance sheet strength, which AM Best assesses as 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 B++ and the Long-Term Issuer Credit Rating of ?bbb? of S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni. The ratings reflect S2C?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ and Long-Term Issuer Credit Rating of ?bbb-? of SNIC Insurance B.S.C.. These Credit Ratings reflect SNIC?s 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.
Genesis Energy, L.P. (GEL) today announced the commencement of a cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 6.500% senior unsecured notes due 2025 that we co-issued with our subsidiary, Genesis Energy Finance Corporation.
Genesis Energy, L.P. (GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $550,000,000 in aggregate principal amount of senior unsecured notes due 2029. BofA Securities is leading the offering along with several joint book-running managers and co-managers.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of the members of Government Employees Group. The ratings reflect GEICO?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of Blue Cross and Blue Shield of Vermont and its subsidiary, The Vermont Health Plan, LLC.
Thermo Fisher Scientific Inc. (TMO) announced today that it has priced an offering of $2.5 billion aggregate principal amount of the following notes: The Offering is expected to close on or about December 5, 2023, subject to the satisfaction of customary closing conditions.
AXIS Capital Holdings Limited (AXS/PE) today announced that it has closed the market?s first 144A cyber catastrophe bond, a $75 million transaction providing several of the Company?s subsidiaries with fully collateralized indemnity reinsurance protection for systemic cyber events on a per occurrence basis.
NEW YORK---- Tapestry, Inc. (TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of its $4.5 billion USD senior unsecured notes and its ?1.5 billion Euro-denominated senior unsecured notes offerings.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. At the same time, AM Best has affirmed the Long-Term ICR of ?a? of Zurich Insurance Group Ltd. The outlook of the FSR is stable, whilst the outlook of the Long-Term ICRs is positive.
AM Best has revised the outlook to positive from stable for the Financial Strength Rating and to positive from negative for the Long-Term Issuer Credit Rating and affirmed the FSR of B++ and the Long-Term ICR ?bbb+? of General Insurance Corporation of India.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of National Insurance Company. The ratings reflect NIC?s balance sheet strength, which AM Best assesses as 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 B+ and the Long-Term Issuer Credit Rating of ?bbb-? of AzRe Reinsurance, OJSC. The ratings reflect AzRe?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Petrolimex Insurance Corporation. The ratings reflect PJICO?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Park-Ohio Holdings Corp. (PKOH) announced today that Moody?s Investors Service, Inc. has upgraded the ratings of ParkOhio Industries, Inc., including the Corporate Family Rating to B2 from B3, and the Senior Unsecured Rating to Caa1 from Caa2.
GOSSELIES, Belgium---- Regulatory News: TheraVet , a pioneering company in the management of osteoarticular diseases in pets, announces the setting up of an equity-linked financing facility. This financing facility of up to ?3,000,000 takes the form of convertible bonds issued under the authorized capital and subscribed by the French company IRIS.
SDCP leverages Newfleet?s expertise in multi-sector fixed income investing Virtus Investment Partners, Inc. (VRTS) has expanded its exchange-traded funds offerings with the introduction of Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP), the fourth Virtus ETF Solutions strategy managed by Newfleet Asset Management.
Tapestry, Inc. (TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the pricing of ?1,500,000,000 aggregate principal amount of senior unsecured notes in three tranches, as follows: The offering is expected to close, subject to normal closing conditions, on November 27, 2023.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Global Protection Reinsurance Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect GPR?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 downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Lincoln Benefit Life Company. LBL?s ratings reflect its balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Gulf Insurance Limited. The ratings reflect Gulf?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
Tapestry, Inc. (TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced today that it has commenced an underwritten public offering of Euro-denominated senior unsecured notes.
Tapestry, Inc. (TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the pricing of $4,500,000,000 aggregate principal amount of senior unsecured notes in five tranches, as follows: The offering is expected to close, subject to normal closing conditions, on November 27, 2023.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Primerica Life Insurance Company and its affiliates, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada, collectively referred to as Primerica Group.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of the life/health subsidiaries of Delphi Financial Group, Inc.: Reliance Standard Life Insurance Company and First Reliance Standard Life Insurance Company. Concurrently, AM Best has affirmed the Long Term ICR of ?a+? and the Long-Term Issue Credit Rating of ?a-? of DFG.
Tapestry, Inc. (TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced today that it has commenced an underwritten public offering of U.S. dollar-denominated senior unsecured notes.
AM Best has assigned indicative Long-Term Issue Credit Ratings of ?bbb+? to senior unsecured debt, ?bbb? to subordinated debt and ?bbb-? to preferred stock of the short-form base prospectus filed on Oct. 11, 2023 of Fairfax Financial Holdings Limited (FRFHF) [TSX: FFH]. The outlook assigned to these Credit Ratings is stable.
Senior Unsecured Notes are Rated Investment Grade CION Investment Corporation (CION) announced today that it closed an offering of $100 million in aggregate principal amount of its Senior Unsecured Notes due 2027.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Peace Hills General Insurance Company.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of ZEP-RE. The ratings reflect ZEP-RE?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Aiming to finance increased production of SiC power semiconductors to support decarbonization Mitsubishi Electric Corporation (MIELF) announced today that it will issue green bonds for the first time to raise funds for the construction of a silicon carbide power semiconductor plant and the enhancement of related production facilities that handle products capable of contributing to decarbonization.
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mercantil Seguros y Reaseguros, S.A. . The outlook assigned to these Credit Ratings is negative.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the pooled members of Selective Insurance Group (SIGI). The ratings reflect Selective?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
Humana Inc. (HUM) announced today the completion of its public offering of $1.35 billion in aggregate principal amount of senior notes. The company expects net proceeds from the Senior Notes Offerings will be approximately $1.324 billion after deducting underwriters? discounts and estimated offering expenses.
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mercantil Reaseguradora Internacional, S.A.. The outlook assigned to these Credit Ratings is negative.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently announced $600 million, 5.7% 5-year senior unsecured notes, due Dec. 15, 2028, issued by Ameriprise Financial, Inc. (AMP) [NYSE: AMP]. The outlook assigned to this Credit Rating is stable.
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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