News Results

  1. BRIEF-Moody's Downgrades Ghana's Rating To Caa2 And Places It On Review For Downgrade
    Reuters | 09/30/22 05:44 PM EDT

    * MOODY'S DOWNGRADES GHANA'S RATING TO CAA2 AND PLACES IT ON REVIEW FOR DOWNGRADE. * MOODY'S DOWNGRADES GHANA'S RATING TO CAA2 AND PLACES IT ON REVIEW FOR DOWNGRADE. * MOODY'S SAYS GHANA'S RATING DOWNGRADE TO CAA2 REFLECTS RECENT MACROECONOMIC DETERIORATION, FURTHER HEIGHTENING GOVERNMENT'S LIQUIDITY.

  2. Moody's flags Oct 21 as crucial date for UK rating
    Reuters | 09/29/22 12:27 PM EDT

    Moody's top European analyst has flagged Oct. 21 as the next crucial date for Britain's credit rating following the firm's negative assessment this week of the government's new debt-fuelled spending plans.

  3. UK companies face biggest monthly surge in borrowing costs for decades
    Reuters | 09/28/22 08:57 AM EDT

    Borrowing costs for UK companies have soared since the British government's mini-budget last week spooked markets, with data showing sterling corporate bonds suffering their biggest monthly selloff since at least the 1990s. The Bank of England on Wednesday said it would start buying long-dated UK government bonds again to try to stabilise the market in a dramatic 65 billion pound intervention.

  4. UK companies face biggest monthly surge in borrowing costs for decades
    Reuters | 09/28/22 06:53 AM EDT

    Borrowing costs for UK companies have soared since the British government's mini-budget last week spooked markets, with data showing sterling corporate bonds suffering their biggest monthly selloff since at least the 1990s. The Bank of England on Wednesday said it would start buying long-dated UK government bonds again to try to stabilise the market in a dramatic 65 billion pound intervention.

  5. UK corporate bonds headed for biggest monthly selloff since 1990s
    Reuters | 09/28/22 04:58 AM EDT

    UK corporate bond prices are headed for their biggest monthly fall since the 1990s, two indexes showed on Wednesday, as the fallout from the British government's "mini-Budget" reverberates across markets. The Markit iBoxx Sterling Corporate Bond Index has fallen 10.2% so far in September to a price of 296, putting it on course for its biggest monthly slide since at least 1999.

  6. BRIEF-S&P Says Fiji 'B+/B' Ratings Affirmed; Outlook Stable
    Reuters | 09/28/22 12:47 AM EDT

    * S&P SAYS FIJI 'B+/B' RATINGS AFFIRMED; OUTLOOK STABLE Source text for Eikon: Further company coverage: [ ]

  7. Moody's warns UK unfunded tax cuts are 'credit negative'
    Reuters | 09/27/22 08:07 PM EDT

    Global ratings agency Moody's has warned the British government that plans for unfunded tax cuts could lead to larger budget deficits and higher interest rates, threatening the country's credibility with investors.

  8. Citi hires six Hispanic-owned firms to underwrite bond offering
    Reuters | 09/27/22 02:54 PM EDT

    - Citigroup Inc (C/PN) said on Tuesday it had hired six Hispanic-owned firms to co-manage its $2.75 billion bond offering, a week after the lender set new diversity goals for its workforce. Citi is the lead underwriter for the offering. The move is in honor of the National Hispanic Heritage Month, which is celebrated annually from Sept. 15 to Oct. 15, Citigroup (C/PN) said.

  9. Citi hires six Hispanic-owned firms to underwrite bond offering
    Reuters | 09/27/22 02:47 PM EDT

    Citigroup Inc (C/PN) said on Tuesday it had hired six Hispanic-owned firms to co-manage its $2.75 billion bond offering, a week after the lender set new diversity goals for its workforce. Citi is the lead underwriter for the offering. The move is in honor of the National Hispanic Heritage Month, which is celebrated annually from Sept. 15 to Oct. 15, Citigroup (C/PN) said.

  10. UK tax cuts raise stakes for debt sustainability, Scope credit rating agency warns
    Reuters | 09/27/22 10:24 AM EDT

    Britain's new tax cut and spending plans will push up its debt levels and raise the stakes in terms of the sustainability of the country's public finances, credit rating agency Scope said on Tuesday.

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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