Credit rating agency Fitch on Monday downgraded the credit ratings of insurance giant Humana along with various subsidiaries. In a Monday report accompanying its downgrades, Fitch analysts cited a dim outlook for Humana's revenue margins recovery to previously higher levels.
Credit rating agency Fitch on Monday downgraded the credit ratings of insurance giant Humana along with various subsidiaries. In a Monday report accompanying its downgrades, Fitch analysts cited a dim outlook for Humana's revenue margins recovery to previously higher levels.
A subsidiary of the Depository Trust & Clearing Corporation has received a "no action" letter from the U.S. Securities and Exchange Commission to offer a service to tokenize stocks, exchange-traded funds and bonds, which the company plans to roll out next year.
BlackRock Inc (BLK): * BLACKROCK LAUNCHES FIRST-OF-ITS-KIND ETF OFFERING ACCESS TO THE FULL US BOND MARKET. * BLACKROCK (BLK) - LAUNCHES ISHARES TOTAL USD FIXED INCOME MARKET ETF Source text: Further company coverage:
Whatever the Federal Reserve does from here - even after cutting rates on Wednesday and signaling one further cut - borrowing costs elsewhere are rising again as the global interest-rate cycle turns. No matter what you think is in store in 2026, it probably won't be a year of the bond. Just this week, European Central Bank hawks suggested that higher rates are the next likely move.
Canacol Energy Ltd : * ENTERS AGREEMENT WITH AD HOC GROUP OF HOLDERS OF CO'S 5.75% SENIOR UNSECURED NOTES DUE 2028. * DEBTOR-IN-POSSESSION FINANCING COMPRISED OF $45 MILLION DELAYED-DRAW NEW-MONEY TERM LOAN, OTHERS Further company coverage:
Fitch: * FITCH UPGRADES OMAN TO 'BBB-'; OUTLOOK STABLE. * FITCH: UPGRADE REFLECTS SUSTAINED IMPROVEMENT IN OMAN'S PUBLIC AND EXTERNAL BALANCE SHEETS. * FITCH: UPGRADE REFLECTS FITCH'S GREATER CONFIDENCE THAT OMAN WILL MAINTAIN A PRUDENT POLICY STANCE IN A LOWER OIL PRICE ENVIRONMENT.
The ramp-up of U.S. pressure on Venezuelan President Nicolas Maduro's government is bringing fresh attention to the nation's defaulted bonds, including those of the state oil company Petroleos de Venezuela, known as PDVSA. Venezuela defaulted on its debt in 2017 but PDVSA continued to pay holders of a specific bond maturing in 2020.
The Argentine subsidiary of Mexico's Vista Energy priced $400 million in bonds with an 8.5% interest rate due 2033, the company said on Wednesday, with the sale expected to close on December 10.
Doman Building Materials Group Ltd (CWXZF) : * Doman Building Materials Group Ltd (CWXZF). ANNOUNCES CLOSING OF ADDITIONAL $170 MILLION SENIOR UNSECURED NOTE OFFERING AND REDEMPTION OF ITS REMAINING 5.25% SENIOR UNSECURED NOTES DUE MAY 15, 2026 Source text: Further company coverage:
Herc Holdings Inc (HRI): * HERC HOLDINGS ANNOUNCES PROPOSED PRIVATE OFFERING OF $1,200 MILLION OF SENIOR UNSECURED NOTES Source text: Further company coverage:
The "big three" credit rating agencies have given a cautious thumbs up to Britain's budget this week, regarding it as an ongoing push for fiscal consolidation by the government, albeit with a high degree of execution risk.
Fitch: * FITCH UPGRADES ZAMBIA TO 'B-'; OUTLOOK STABLE. * FITCH: UPGRADE OF ZAMBIA'S LTFC IDR REFLECTS ASSESSMENT THAT ZAMBIA HAS NORMALISED RELATIONS WITH MAJORITY OF ITS EXTERNAL COMMERCIAL CREDITORS. * FITCH ON ZAMBIA: AUGUST 2026 ELECTIONS COULD POSE A RISK TO FISCAL DISCIPLINE.
Remy Cointreau's new CEO outlined a series of strategic changes on Thursday, including lowering prices to sell more cognac, and said the worst was over for the embattled French spirits maker in its key U.S. market.
The Magnum Ice Cream Company on Wednesday said it had completed a 3 billion euro debut bond issue that was oversubscribed seven times, less than two weeks before the company will finalise a spinoff from Unilever (UL) and list in Amsterdam.
S&P Global (SPGI) downgraded its rating of Tether, the world's largest stablecoin on Wednesday, citing an increase in higher-risk assets in its reserves and "persistent gaps in disclosure".
* PosiGen blamed federal cutbacks and new tariffs for its decline. * Lender Brookfield has moved to foreclose on company assets. By Dietrich Knauth. Solar power company PosiGen filed for bankruptcy in Texas late Monday, saying the Trump administration's cuts to tax credits and subsidies for solar power had starved the company of cash and sparked disputes with its lenders.
Credit rating agency S&P Global on Tuesday placed sportswear company Under Armour's (UAA) ratings on watch for potential downgrades. In a Tuesday report accompanying its outlook change, S&P cited Under Armour's (UAA) continued restructuring challenges and persistent sales declines, including a 16% drop in footwear sales and 1% dip in apparel sales in the latest quarter.
Credit rating agency S&P Global on Tuesday placed sportswear company Under Armour's (UAA) ratings on watch for potential downgrades. In a Tuesday report accompanying its outlook change, S&P cited Under Armour's (UAA) continued restructuring challenges and persistent sales declines, including a 16% drop in footwear sales and 1% dip in apparel sales in the latest quarter.
DUKE ENERGY FLORIDA, LLC: * DUKE ENERGY FLORIDA, LLC - FILES FOR TWO-PART FIRST MORTGAGE BONDS OFFERING; SIZE NOT DISCLOSED - SEC FILING Source text: Further company coverage:
Brazil's central bank remains dissatisfied with progress toward bringing inflation back to its target, its governor said on Monday, stressing that policymakers will maintain a data-dependent approach.
A rush of bond sales by major tech firms to fund artificial intelligence expansion is creating a high-stakes bet for the $9 trillion U.S. corporate bond market, prompting caution from prominent investors like DoubleLine over the sector's growing debt load. Over the past two months, four major cloud and AI "hyperscalers" have sold nearly $90 billion in public bonds.
* S&P: UZBEKISTAN UPGRADED TO 'BB' ON STRONG GROWTH AND ECONOMIC REFORMS; OUTLOOK STABLE. * S&P: UPGRADE REFLECTS WHAT WE VIEW AS SUSTAINED IMPROVEMENTS IN UZBEKISTAN'S MACROECONOMIC POLICYMAKING IN RECENT YEARS. * S&P: PROJECT UZBEKISTAN'S GROWTH MOMENTUM WILL REMAIN RESILIENT DESPITE GLOBAL TRADE TENSIONS.
Fitch: * FITCH ON U.S. BANKS SAYS ALTHOUGH IT EXPECTS SLIGHTLY WEAKER ECONOMY IN 2026, BANK OPERATING ENVIRONMENT WILL REMAIN SUPPORTIVE. * FITCH ON U.S. BANKS: NET INTEREST INCOME WILL REMAIN STEADY FOR 2026 AS MODEST MARGIN PRESSURES OFFSET BY LOAN GROWTH, OVERALL STABLE CREDIT QUALITY.
Investors are growing uneasy that the rapid rise in public debt used to bankroll AI investments could strain the U.S. corporate bond market and eventually dampen the appeal of tech stocks, despite leverage across most major companies remaining low for now.
A big tech borrowing bonanza and signs of strain in private credit are spooking bond market lenders to the world's top-rated businesses, in a trend that could jolt funding costs higher, hit corporate earnings and add stress to twitchy global markets.
The unions representing Spirit Airlines pilots and flight attendants said on Tuesday that they have reached an agreement with the company for pay and benefits cuts as the carrier tries to rein in costs as part of its ongoing Chapter 11 restructuring process.
-Asian bonds witnessed renewed cross-border inflows in October following a month of sharp outflows, as an improved regional growth outlook and a series of U.S. trade agreements in Southeast Asia lifted investor sentiment.
Moody's downgraded Six Flags Entertainment's (FUN) credit ratings further into junk-grade territory on Monday, citing the amusement park owner's weak operating results.
Moody's downgraded Six
Flags Entertainment's (FUN) credit ratings further into junk-grade territory on Monday, citing the amusement park owner's weak operating results. "Six Flags' weak operating performance resulted in credit metrics that are substantially worse than what we expected at the time of the merger," the analysts wrote.
The benefit to Hungary's credit rating of any potential U.S. financial backstop package remains difficult to factor in, Fitch has said, and should be unnecessary given the country's uninterrupted access to borrowing markets.
Amazon (AMZN) is looking to raise about $12 billion from the U.S. corporate bond market, Bloomberg News reported on Monday, citing people familiar with the matter. The e-commerce giant filed for a six-part bond sale earlier in the day without disclosing a size, a regulatory filing showed. Amazon (AMZN) did not immediately respond to a Reuters request for comment.
DTE Energy Co (DTE): * DTE ELECTRIC CO: FILES FOR OFFERING OF TWO-PART GENERAL AND REFUNDING MORTGAGE BONDS, SIZE NOT DISCLOSED - SEC FILING Source text: Further company coverage:
S&P: * S&P: NIGERIA OUTLOOK REVISED TO POSITIVE FROM STABLE; 'B-/B' RATINGS AFFIRMED. * S&P: REVISED NIGERIA'S OUTLOOK BASED ON POTENTIAL FOR CONTINUED GAINS, PARTICULARLY IN OUR EXTERNAL & MONETARY ANALYSIS. * S&P: IN OUR VIEW, MONETARY, ECONOMIC, & FISCAL REFORMS BEING IMPLEMENTED BY NIGERIAN AUTHORITIES WILL YIELD POSITIVE BENEFITS OVER MEDIUM TERM.
Oracle Corp (ORCL) bonds have taken a hit in recent days following a report that the cloud and artificial intelligence service provider plans to add another $38 billion to its heavy debt load to fund its AI infrastructure, according to analysts and investors. Oracle did not immediately respond to a request for comment.
S&P Global Ratings said on Friday it has downgraded its rating of Nissan Motor's (NSANF) credit by one notch on continuing pressure on its profitability, while taking a negative view of the outlook for the Japanese automaker. The credit-rating firm cut its long-term rating on the company and its overseas subsidiaries to "BB-" from "BB".
* December 3 EGM to vote on convertible bond, warrants and share issues. * Co to issue up to 15.5 billion shares at HK$0.6 apiece to repay shareholder loan. * Existing shareholders' stakes to be significantly diluted after scheme completion.
Credit rating agency Fitch Ratings has downgraded British automaker Aston Martin's debt ratings, citing the luxury sports car maker's persistent negative cash flow and uncertainty around its U.S. customer base. In a Thursday report, Fitch analysts noted Aston Martin's sales fell 17% year over year as of September's end, while their decline has accelerated quarter over quarter.
Credit rating agency Moody's Ratings has downgraded several of global footwear and apparel retailer Nike's (NKE) debt ratings. In downgrading Nike's (NKE) senior unsecured debt by one notch on Wednesday, Moody's analysts cited cost pressures from higher tariffs among other factors in the agency's decision.
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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