Fitch: * FITCH: SECTOR OUTLOOK FOR U.S. BANKS REVISED TO NEUTRAL IN 2025 FROM DETERIORATING IN 2024. * FITCH: U.S. BANKS WILL BENEFIT FROM A MORE SUPPORTIVE OPERATING ENVIRONMENT IN 2025 Source text:
Qube Holdings Ltd (QUBHF): * QUBE SUCCESSFULLY PRICES A$600 MILLLION OF SENIOR UNSECURED NOTES. * 7 YEAR NOTES PRICED AT A YIELD OF APPROXIMATELY 5.65% * SETTLEMENT OF ISSUANCE IS SCHEDULED ON 11TH DEC Further company coverage:
MOODY'S: * MOODY'S RATINGS CHANGES HUNGARY'S OUTLOOK TO NEGATIVE FROM STABLE, AFFIRMS BAA2 RATINGS. * MOODY'S: DECISION TO CHANGE OUTLOOK TO NEGATIVE REFLECTS DOWNSIDE RISKS RELATED TO QUALITY OF HUNGARY'S INSTITUTIONS & GOVERNANCE. * MOODY'S ON HUNGARY SAYS EXPECT DEBT AFFORDABILITY TO BE PARTIALLY REVERSED BY 2025 Source text:
-China-based property developer Kaisa said on Friday it would hold an extraordinary general meeting of its shareholders on Dec. 18 to seek various approvals in relation to its $12.27 billion debt restructuring agreement. The developer has been working to restructure its debt since defaulting on $12 billion in offshore bonds in late 2021.
Moody's Ratings changed Nissan
Motor's (NSANF) credit outlook to negative from stable while affirming its Baa3 ratings, taking into account the Japanese carmaker's worsening free cash flows from struggling businesses. Nissan (NSANF) earlier this month announced plans to axe 9,000 jobs and 20% of its manufacturing capacity globally to cut costs following sales slumps in China and the United States.
Chemours Co (CC): * THE CHEMOURS COMPANY ANNOUNCES COMPLETION OF PRIVATE OFFERING OF $600,000,000 AGGREGATE PRINCIPAL AMOUNT OF 8.000% SENIOR UNSECURED NOTES DUE 2033 Source text: Further company coverage:
Idorsia plans to restructure its debt, implement cost-cutting measures and could shed up to 270 jobs in a bid to spur profitability, the Swiss pharma company said on Wednesday.
Idorsia plans to restructure its debt, implement cost-cutting measures and could shed up to 270 jobs in a bid to spur profitability, the Swiss pharma company said on Wednesday.
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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