News Results

  1. Moody's lifts Argentina rating to 'Caa1'
    Reuters | 07/17/25 04:54 PM EDT

    Credit ratings agency Moody's on Thursday upgraded Argentina's rating to 'Caa1' from 'Caa3,' citing improved liquidity and external financing support under a new IMF program. The agency revised its outlook on the South American country to 'stable' from 'positive'.

  2. Japan must be mindful of credit rating downgrade risk, bank lobby head says
    Reuters | 07/17/25 06:31 AM EDT

    Japan must be mindful of the risk of a credit rating downgrade if an expansion in public debt runs out of control, the head of the country's banking lobby said, as lawmakers ramp up calls for big spending ahead of an upper house election on Sunday.

  3. S&P downgrades Nippon Steel to 'BBB' on debt strain from US Steel deal
    Reuters | 07/17/25 04:54 AM EDT

    Global rating agency S&P downgraded Nippon Steel to 'BBB' from 'BBB+' with a 'negative' outlook on Thursday, citing an increasing financial strain following the Japanese steelmaker's acquisition of U.S. Steel last month.

  4. S&P downgrades Nippon Steel to 'BBB' on debt strain from US Steel deal
    Reuters | 07/17/25 04:53 AM EDT

    Global rating agency S&P downgraded Nippon Steel (NISTF) to 'BBB' from 'BBB+' with a 'negative' outlook on Thursday, citing an increasing financial strain following the Japanese steelmaker's acquisition of U.S. Steel last month.

  5. BRIEF-Carnival Corporation & PLC Announces Closing Of $3.0 Bln Notes Offering
    Reuters | 07/17/25 02:46 AM EDT

    Carnival PLC (CUK): * CARNIVAL CORPORATION & PLC ANNOUNCES CLOSING OF $3.0 BILLION 5.75% SENIOR UNSECURED NOTES OFFERING.

  6. BRIEF-Carnival Corporation & PLC Announces Closing Of $3.0 Billion 5.75% Senior Unsecured Notes Offering
    Reuters | 07/16/25 04:14 PM EDT

    Carnival PLC (CUK): * CARNIVAL CORPORATION (CCL) & PLC ANNOUNCES CLOSING OF $3.0 BILLION 5.75% SENIOR UNSECURED NOTES OFFERING. * Carnival PLC (CUK) - PROCEEDS TO REDEEM $2.4 BILLION NOTES DUE 2027 Source text: Further company coverage:

  7. Israel's Mizrahi Tefahot Bank raises $1.3 billion in bond offering
    Reuters | 07/16/25 08:56 AM EDT

    Mizrahi Tefahot, Israel's third-largest bank, said on Wednesday it raised 4.5 billion shekels in a bond offering to institutional investors. The bank initially had planned on raising 2.3 billion shekels in debt through three instruments - a new commercial paper series, an expansion of a shekel-denominated series and an expansion of an inflation-linked subordinated notes series.

  8. Diageo CEO Crew steps down as company pursues turnaround, cost cuts
    Reuters | 07/16/25 08:04 AM EDT

    -Diageo CEO Debra Crew has stepped down after two years in the job, the world's biggest spirits maker said on Wednesday, with finance chief Nik Jhangiani taking over in the interim as the company strives to boost its performance and cut debt.

  9. High interest rates in Russia could prompt distressed asset M&A surge, study shows
    Reuters | 07/16/25 07:31 AM EDT

    Prolonged high interest rates in Russia may drive mergers and acquisitions of distressed assets, a study by leading law firms showed, though Western-led sanctions and a liquidity shortage among buyers are likely to restrain growth in deals for now.

  10. Diageo CEO Crew steps down as company pursues turnaround, cost cuts
    Reuters | 07/16/25 07:03 AM EDT

    * * Diageo (DEO) maintains fiscal 2025 and 2026 forecasts. * Shares up 4.5% before paring gains. By Pushkala Aripaka and Emma Rumney. July 16 - Diageo CEO Debra Crew has stepped down after two years in the job, the world's biggest spirits maker said on Wednesday, with finance chief Nik Jhangiani taking over in the interim as the company strives to boost its performance and cut debt.

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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