AM Best has removed from under review with developing implications and downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb+? from ?bbb-? of Western Health Advantage.
* S&P SAYS LITHUANIA OUTLOOK REVISED TO NEGATIVE FROM STABLE ON SPILLOVER EFFECTS FROM THE WAR; 'A+/A-1' RATINGS AFFIRMED. * S&P PROJECTS COUNTRY'S ECONOMY WILL FALL INTO RECESSION IN FIRST-HALF 2023 BEFORE RECOVERING IN SECOND HALF & GROWING ONLY 0.5% ANNUALLY.
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 A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Auto-Owners Insurance Company and its four wholly owned property/casualty companies that compose Auto-Owners Insurance Group.
AM Best has downgraded the Financial Strength Rating to B++ from A and the Long-Term Issuer Credit Rating to ?bbb? from ?a? of Hotai Insurance Co., Ltd.. Concurrently, the under review status of these Credit Ratings has been revised to developing implications from negative.
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.
Investors have withdrawn $316 billion from credit funds this year, unwinding all of the previous year's inflows, BofA Global Research said in a note on Friday. That is a bearish signal for corporate debt markets as high inflation and rising interest rates darken the economic outlook, and is in sharp contrast to inflows into share markets.
Investors have withdrawn $316 billion from credit funds this year, unwinding all of the previous year's inflows, BofA Global Research said in a note on Friday. That is a bearish signal for corporate debt markets as high inflation and rising interest rates darken the economic outlook, and is in sharp contrast to inflows into share markets.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Rating of ?aa+? of Chubb Seguros Panama S.A.. The outlook of these Credit Ratings is stable.
LONDON, Dec. 1, 2022 Seaspan Corporation a wholly owned subsidiary of Atlas Corp. (ATCO), has today instructed Nordic Trustee to summon a bondholders' meeting for 16 December 2022 for the Company's senior unsecured bonds maturing in April 2026. The purpose of the meeting is to consider a proposal for certain amendments to the bond terms.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of First Chicago Insurance Company . Concurrently, AM Best has upgraded the Long-Term ICR to ?b+? from ?b? and affirmed the FSR of C++ of United Security Health and Casualty Insurance Company, a wholly owned subsidiary of FCIC.
Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even treble next year as rising borrowing costs take their toll. The firm estimated that the "trailing-12-month default rates" in the U.S. and Europe would reach 3.75% and 3.25% respectively by September, more than double the 1.6% and 1.4% in September 2022.
Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even treble next year as rising borrowing costs take their toll. The firm estimated that the "trailing-12-month default rates" in the U.S. and Europe would reach 3.75% and 3.25% respectively by September, more than double the 1.6% and 1.4% in September 2022.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Triple-S Propiedad, Inc.. The outlook of the FSR has been revised to stable from positive, while the outlook of the Long-Term ICR is positive.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the members of Nationwide Group. In addition, AM Best has affirmed the Long-Term IRs of ?a? of the surplus notes issued by Nationwide Mutual Insurance Company.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?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 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.
LYON, France---- Regulatory News: Adocia, a clinical-stage biopharmaceutical company specializing in the development of innovative formulations of proteins and peptides for the treatment of diabetes and other metabolic diseases announced today the completion of a EUR 6 million financing operation.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Harrington Re Ltd.. AM Best also has affirmed the Long-Term ICR of ?bbb-? of Harrington Reinsurance Holdings Limited.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of International General Insurance Co. Ltd., International General Insurance Company Limited and International General Insurance Company SE. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb? of International General Insurance Holdings Ltd.. The outlook of these Credit Ratings is st...
SEGRO PLC (SEGXF): * LAUNCH AND PRICING OF A ?350 MILLION, 19-YEAR SENIOR UNSECURED BOND ISSUE, PRICED AT 175 BASIS POINTS ABOVE GILTS, Source text for Eikon: Further company coverage:
Regulatory News: SEGRO plc announces the launch and pricing of a ?350 million, 19-year senior unsecured bond issue, priced at 175 basis points above gilts, with an annual coupon of 5.125 per cent. The bond issuance, which was carried out under SEGRO?s Medium Term Note Programme, was almost six times oversubscribed. The proceeds of the issue will principally be used for general corporate purposes.
?. SEGRO plc (SEGXF) announces the launch and pricing of a ?350 million, 19-year senior unsecured bond issue, priced at 175 basis points above gilts, with an annual coupon of 5.125 per cent. The bond issuance, which was carried out under SEGRO?s Medium Term Note Programme, was almost six times oversubscribed. The proceeds of the issue will principally be used for general corporate purposes.
Alcon Inc. announced that it has commenced and priced a private offering of US$700 million aggregate principal amount of its 5.375% senior notes due 2032 and US$600 million aggregate principal amount of its 5.750% senior notes due 2052. The offering is expected to close on December 6, 2022, subject to customary closing conditions.
Debt placed through conduit Rhode Island Health and Educational Building Corp. will accelerate repairs at the Paul Cuffee School, a high school in Providence.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Lewer Life Insurance Company. These ratings reflect Lewer Life?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
TORONTO, Nov. 29, 2022 EQB Inc.,?, announced upgrades to the ratings of EQB, Equitable Bank and Concentra Bank by DRBS Limited following an annual review of performance and the closing of the Bank's acquisition of Concentra Bank.
Copper Mountain Mining Corp (CPPMF) : * COPPER MOUNTAIN MINING RECEIVES BONDHOLDER APPROVAL FOR THE SALE OF THE EVA COPPER PROJECT AND THE AUSTRALIAN EXPLORATION TENEMENTS AND ANNOUNCES BOND BUYBACK OFFER Source text for Eikon: Further company coverage:
VANCOUVER, BC, Nov. 28, 2022 Copper Mountain Mining Corporation (CPPMF) ?is pleased to announce that it has received bondholder approval under its US$250 million senior secured bonds for the previously announced sale of its wholly-owned Eva Copper Project and its 2,100km2 exploration land package in Queensland, Australia to Harmony Gold Mining Company Limited.
NEW YORK, Nov. 28, 2022 Plaintiffs in the Bondholder Action have reached settlements totaling $1.749 million with The Bank of Tokyo-Mitsubishi, Credit Suisse Group AG and The Norinchukin Bank. Am I Included? You are a Member of the Subsequent Settlement Classes if you owned any bond or other debt security: What Are My Options? FILE A CLAIM. EXCLUDE YOURSELF. OBJECT.
S&P GLOBAL: * S&P SAYS BAHRAIN OUTLOOK REVISED TO POSITIVE FROM STABLE ON IMPROVING FISCAL TRAJECTORY; 'B+/B' RATINGS AFFIRMED. * S&P ON BAHRAIN SAYS POSITIVE OUTLOOK INDICATES THAT IT EXPECT THE GOVERNMENT WILL CONTINUE IMPLEMENTING FISCAL REFORMS TO REDUCE THE BUDGET DEFICIT.
Adler Group SA (ADPPF): * EQS-ADHOC: ADLER GROUP S.A. (ADPPF): AGREEMENT WITH BONDHOLDER GROUP ON AMENDMENT OF NOTE TERMS AND PROVISION OF SECURED DEBT FINANCING. * BONDHOLDERS HOLD AROUND 45% OF BONDS ISSUED BY ADLER GROUP (ADPPF). * ADLER GROUP INTENDS TO ENTER INTO A CORRESPONDING AGREEMENT WITH A MAJORITY OF ITS BONDHOLDERS IN DUE COURSE.
AM Best has assigned indicative Long-Term Issue Credit Ratings of ?bbb+? to subordinated issues, ?bbb? to preferred stock issues and ?a-? to senior unsecured issues on the recently filed shelf registrations of MetLife, Inc. [NYSE: MET]. The outlook assigned to these Credit Ratings is stable. MetLife?s financial leverage and the historical interest coverage are supportive of this rating.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb+? from ?bbb-? of Al Ittihad Al Watani Soci?t? G?n?rale D?Assurances du Proche Orient, sal.
Norsk Hydro ASA (NHYKF): * SUCCESSFUL PLACEMENT OF NEW SUSTAINABILITY LINKED BONDS. * BONDS WITH A TOTAL AMOUNT OF NOK 3,000 MILLION. * TRANSACTION SPLIT BETWEEN TWO TRANCHES: NOK 1,500 MILLION EACH Source text for Eikon: Further company coverage:
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Al Fujairah National Insurance Company PJSC.
Meudon, 23 November 2022 ? Vallourec announces today that S&P Global has decided to upgrade Vallourec?s long-term issuer credit rating to 'B+' from 'B' and the issue rating on its senior unsecured notes to 'BB-' from 'B+'. S&P Global also affirmed 'B' rating on its commercial paper program. Attachment Image: Primary Logo.
General Electric Company (GE) announced today that GE Healthcare Holding LLC, a direct, wholly-owned subsidiary of GE, has closed its previously announced offering of $1,000,000,000 aggregate principal amount of 5.550% senior notes due 2024, $1,500,000,000 aggregate principal amount of 5.600% senior notes due 2025 and $1,750,000,000 aggregate principal amount of 5.650% senior notes due 2027, $1,250,...
Humana Inc. (HUM) announced today the completion of its public offering of $1.25 billion in aggregate principal amount of senior notes. The company expects net proceeds from the Senior Notes Offerings will be approximately $1.232 billion after deducting underwriters? discounts and estimated offering expenses.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? for 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.
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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