Tokio Marine HCC today announced that AM Best and Fitch Ratings have affirmed the Company?s ratings. ?We are incredibly pleased that AM Best and Fitch have affirmed Tokio Marine HCC?s financial strength ratings of ?A++? and ?AA-,? respectively.
Upstart Holdings Inc (UPST) shares are trading lower Tuesday after the company announced a proposed private offering of convertible senior notes. What Happened: After the market close on Monday, Upstart announced that it intends to offer $425 million?of convertible senior notes due 2030 in a private offering to qualified institutional buyers.
Eaton Vance Municipal Bond Fund (EIM) previously announced that the Fund will conduct a tender offer for up to 5% of the Fund?s then-outstanding common shares if, during the four-month measurement period beginning July 9, 2024 through November 8, 2024, the Fund?s common shares trade at an average discount to net asset value of more than 7.5%. The Fund has determined that the conditions of the First T...
Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp., a subsidiary of Magnolia Operating, announced today that they intend to offer, subject to market conditions and other factors, $400 million in aggregate principal amount of senior unsecured notes due 2032 in a private placement to eligible purchasers, subject to market conditions.
Upstart Holdings, Inc. (UPST) today announced its intention to offer, subject to market conditions and other factors, $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended.
Transaction expected to provide additional liquidity to help withstand near-term industrywide challenges GrafTech International Ltd. (EAF) today announced that it has entered into a commitment and consent letter with lenders holding all of its existing revolving commitments, an ad hoc group that holds over 81% of its existing secured bonds to provide new debt financing on competitive terms and extend...
Dish Network Corp.?s creditors have rejected the company?s bond exchange offer just ahead of a key deadline, threatening the proposed merger with DirecTV. What Happened: The steering committee of Dish lenders criticized the deal, calling it one of the largest ?engineered at the expense of creditors? in a letter seen by Bloomberg.
Bayer on Tuesday lowered its full-year operating earnings guidance and took billions in write-downs on agricultural markets in Latin America, becoming the latest maker of farming supplies to be burdened further by low demand.
On October 23, 2024, Moody?s downgraded the long-term ratings of The Toronto-Dominion Bank (MLWIQXX) and its U.S. subsidiaries in response to the company?s guilty plea earlier in the month to having engaged in a conspiracy to commit money laundering and agreement to pay a $3 billion fine.
Forum Energy Technologies Inc (FET) : * FORUM ENERGY TECHNOLOGIES ANNOUNCES CLOSING OF $100 MILLION SENIOR SECURED BOND ISSUANCE Source text: Further company coverage:
Forum Energy Technologies, Inc. (FET) announced today that it closed its offering of USD $100.0 million aggregate principal amount of 10.5% senior secured bonds on November 8, 2024. Neal Lux, President and Chief Executive Officer, remarked, ?I am pleased with the team?s hard work to deliver on the strategic plan we outlined earlier this year.
* FITCH: REVISED SPAIN'S OUTLOOK TO POSITIVE FROM STABLE, WHILE AFFIRMING ITS LONG-TERM FOREIGN-CURRENCY ISSUER DEFAULT RATING AT 'A-' * FITCH: POSITIVE OUTLOOK REFLECTS IMPROVING STRUCTURAL FACTORS THAT INCREASED SPAIN'S GDP POTENTIAL, STRENGTHENED ITS RESILIENCE TO EXTERNAL SHOCKS.
BOGOTA, Colombia, Nov. 8, 2024 Ecopetrol S.A. (EC) informs that Fitch Ratings? reported on November 6, 2024, that it has maintained the global credit rating of the Company at?BB+?with a stable outlook.
* MOODY'S RATINGS UPGRADES CROATIA'S RATINGS TO A3, CHANGES OUTLOOK TO STABLE FROM POSITIVE. * MOODY'S: DECISION TO UPGRADE RATINGS TO A3 REFLECTS EXPECTATION THAT CROATIA'S FISCAL STRENGTH WILL REMAIN MATERIALLY HIGHER IN NEAR TO MEDIUM TERM. * MOODY'S: UPGRADE REFLECTS A CONTINUED IMPROVEMENT OF CROATIA'S ECONOMIC STRENGTH.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? and the Mexico National Scale Rating to ?aa.MX? from ?aa-.MX? of Grupo Aserta S.A.P.I. de C.V.. Concurrently, AM Best has upgraded the Financial Strength Rating to A from A-, the Long-Term ICR to ?a? from ?a-? and affirmed the NSR of ?aaa.MX? of Aseguradora Insurgentes, S.A. de C.V., and its sister company, Aseguradora...
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of First Insurance Company of Hawaii, Ltd. and its reinsured subsidiaries, collectively referred to as First of Hawaii Group.
AM Best has upgraded the Financial Strength Rating to B- from C++, the Long-Term Issuer Credit Rating to ?bb-? from ?b+?, and the Mexico National Scale Rating to ?a-.MX? from ?bbb.MX? of BUPA M?xico, Compa??a de Seguros, S.A. de C.V.. The outlook of these Credit Ratings is positive.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of the property/casualty members of Houston Casualty Group.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company, which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies . The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Patria Re, Inc.. The outlook of these Credit Ratings is stable. The ratings reflect Patria US? balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-? and the Mexico National Scale Rating of ?aaa.MX? of General de Seguros, S.A.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-? and the Mexico National Scale Rating of ?aaa.MX? of General de Salud, Compa??a de Seguros, S.A.. The outlook of these Credit Ratings is negative.
?. Santander UK PLC. Issue of EUR 500,000,000.00. Floating Rate Covered Bonds due May 2027. Series 87 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. EUR 4,104,222.22. POOL FACTOR.
?. Santander UK PLC. Issue of GBP 1,000,000,000.00. Floating Rate Covered Bond due 12 November 2024. Series 73 Tranche 1. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 14,065,564.93. POOL FACTOR.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mercantil Reaseguradora Internacional, S.A.. The Credit Ratings reflect Mercantil Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate e...
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mercantil Seguros y Reaseguros, S.A. . The Credit Ratings reflect Mercantil Seguros? balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enter...
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of ZhongAn Online P & C Insurance Co., Ltd.. The outlook of these Credit Ratings is stable.
Delivered third quarter financial results within guidance Moody?s Ratings Upgrades Holley?s CFR to B2 Targeted efforts and marketing calendar event support normalizing distribution partner inventory levels Holley Performance Brands, a leader in automotive aftermarket performance solutions, today announced financial results for its third quarter ended September 29, 2024.
AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Merit Life Insurance Co.. The outlook assigned to these Credit Ratings is stable.
On October 23, 2024, Moody?s downgraded the long-term ratings of The Toronto-Dominion Bank (MLWIQXX) and its U.S. subsidiaries in response to the company?s guilty plea earlier in the month to having engaged in a conspiracy to commit money laundering and agreement to pay a $3 billion fine.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Everen Specialty Ltd. and its affiliate, OCIL Specialty Ltd. Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating of ?bbb? on the $200 million, 8.00% deferrable subordinated debentures, due 2034, of Everen Specialty.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Central States Indemnity Co. of Omaha, and its subsidiary, CSI Life Insurance Company.
Marex Group plc (MRX), a diversified global financial services platform, announces strong results for the third quarter and nine months ended 30 September 2024, and upgraded outlook for the full year.
Sweden's central bank cut its key interest rate to 2.75% from 3.25% on Thursday, as expected, and said if the economic and inflation outlooks remain the same it may also cut the rate in December and in the first half of 2025.
AUSTIN, Texas, Nov. 6, 2024 ?Digital Realty Trust (DLR), Inc.?, the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, today announced that its subsidiary, Digital Realty Trust (DLR), L.P., priced its offering of $1,000,000,000 aggregate principal amount of 1.875% exchangeable senior notes due 2029 in a private offering to qualified institutional b...
KELLOG, Idaho and VANCOUVER, British Columbia, Nov. 06, 2024 -- Bunker Hill Mining Corp. (BHLL) announces that it has closed the third tranche of the previously announced silver loan with Monetary Metals Bond III LLC, an entity established by Monetary Metals & Co., in the principal amount of US$6,321,112, being the amount of US dollars equal to, as of November 6, 2024, 198,777 ounces of silver.
Company announces ?175 million partial redemption of KWE bonds due November 2025. Kennedy-Wilson Holdings, Inc. (KW), a leading global real estate investment company with $28 billion in AUM across its real estate equity and debt investment portfolio, today reported results for Q3-2024: Financial Results Q3 ?. YTD Non-GAAP Results 2024 ?. 2023 ?. 2024 ?. 2023 Adjusted EBITDA.
Corporate bond market spreads tightened slightly on Wednesday after Donald Trump's presidential election victory, as the market weighs the pros and cons of his return to the White House. The former president's victory in several highly contested states pushed him over the 270 Electoral College votes needed to win the presidency.
AM Best has upgraded the Financial Strength Rating to C+ from C and the Long-Term Issuer Credit Rating to ?b-? from ?ccc? of Mill? Reas?rans T?rk Anonim ?irketi. The ratings reflect Milli Re?s balance sheet strength, which AM Best assesses as weak, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management.
Ukraine's state-run power distribution company Ukrenergo announced on Wednesday temporary bonds payments suspension aligned with a debt restructuring deal Kyiv had earlier reached with its bondholders.
AUSTIN, Texas, Nov. 6, 2024 Digital Realty Trust, Inc. (DLR), the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, today announced that its subsidiary, Digital Realty Trust (DLR), L.P., intends to offer, subject to market and other conditions, $1,000,000,000 aggregate principal amount of exchangeable senior notes due 2029 in a private offering to...
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to Hildene Re SPC, Ltd.. The outlook assigned to these Credit Ratings is stable. The ratings reflect Hildene Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Assured Guaranty (AGO)* has insured $920 million of senior Special Facilities Revenue Bonds issued by the New York Transportation Development Corporation in connection with the JFK Airport Terminal 6 Redevelopment Project.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Guardian Insurance Company, Inc.. The outlook of the Long-Term ICR has been revised to stable from positive while the FSR is stable.
BETHESDA, Md.?, Nov. 5, 2024 Centrus Energy Corp.?today announced the pricing of $350 million aggregate principal amount of 2.25% Convertible Senior Notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
On October 23, 2024, Moody?s downgraded the long-term ratings of The Toronto-Dominion Bank (MLWIQXX) and its U.S. subsidiaries in response to the company?s guilty plea earlier in the month to having engaged in a conspiracy to commit money laundering and agreement to pay a $3 billion fine.
Applied Digital Corporation (APLD), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing applications, today completed its previously announced offering of 2.75% Convertible Senior Notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933,...
Diana Shipping Inc. (DSX), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, has today successfully completed a US$25 million tap issue under its outstanding senior unsecured bond issue due July 2, 2029 with ISIN NO0013265835.
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.