News Results

  1. AM Best Downgrades Credit Ratings of New York Schools Insurance Reciprocal
    Business Wire | 07/12/24 04:35 PM EDT

    AM Best has downgraded the Financial Strength Rating to B from A- and the Long-Term Issuer Credit Rating to ?bb? from ?a-? of New York Schools Insurance Reciprocal. The ratings reflect NYSIR?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.

  2. Eaton Vance Municipal Bond Fund Announces Measurement Period for Initial Conditional Tender Offer
    Business Wire | 07/12/24 04:05 PM EDT

    Eaton Vance Municipal Bond Fund (EIM) announced that, in connection with the recent close of the Fund?s cash tender offer on July 9, 2024, the Fund has commenced a four-month measurement period, beginning July 9, 2024 through November 8, 2024, whereby if, during such period, the Fund?s common shares trade at an average discount to net asset value of more than 7.5%, the Fund will conduct a tender offe...

  3. AM Best Affirms Credit Ratings of Odyssey Group Holdings, Inc.?s Members
    Business Wire | 07/12/24 12:09 PM EDT

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the subsidiaries of Odyssey Group Holdings, Inc.. The outlook of these Credit Ratings is stable.

  4. AM Best Affirms Credit Ratings of Aspen Insurance Holdings Limited and Its Rated Subsidiaries
    Business Wire | 07/12/24 09:38 AM EDT

    AM Best has affirmed the Financial Strength Ratings of A and the Long-Term Issuer Credit Ratings of ?a? of Aspen Insurance UK Limited, Aspen Bermuda Limited, Aspen American Insurance Company and Aspen Specialty Insurance Company.

  5. S&P, KBRA and Moody?s Announce Assured Guaranty?s Financial Strength Is Unchanged Following Upcoming Merger of Principal Subsidiaries
    Business Wire | 07/11/24 04:53 PM EDT

    Assured Guaranty Ltd. (AGO) announced today that S&P Global Ratings, Kroll Bond Rating Agency and Moody?s Ratings have indicated that they see no change to Assured Guaranty?s financial strength as a result of the expected merger of Assured Guaranty Municipal Corp. into Assured Guaranty Inc.. KBRA KBRA issued a press release on July 8 that said, ?upon the expected August 1, 2024 closing of the merger ...

  6. BRIEF-Eaton Vance Municipal Bond Fund Announces Final Results Of Tender Offer
    Reuters | 07/11/24 04:47 PM EDT

    Eaton Vance Municipal Bond Fund (EIM) : * EATON VANCE MUNICIPAL BOND FUND ANNOUNCES FINAL RESULTS OF TENDER OFFER Source text for Eikon: Further company coverage:

  7. Eaton Vance Municipal Bond Fund Announces Final Results of Tender Offer
    Business Wire | 07/11/24 04:27 PM EDT

    Eaton Vance Municipal Bond Fund (EIM) announced today the final results of the Fund?s cash tender offer for the following amount of its outstanding common shares. The final results of the Tender Offer based on a count by Equiniti Trust Company, LLC, the depositary for the Tender Offer, are provided in the table below.

  8. Welltower Announces Closing of $1.035 Billion of Exchangeable Senior Notes
    PR Newswire | 07/11/24 04:05 PM EDT

    TOLEDO, Ohio, July 11, 2024 Welltower? Inc. announced today that its operating company, Welltower OP LLC, has closed the previously announced offering of $1.035 billion aggregate principal amount of 3.125% exchangeable senior notes due 2029 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

  9. AM Best Affirms Credit Ratings of Protector Forsikring ASA
    Business Wire | 07/11/24 11:33 AM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Protector Forsikring ASA. The ratings reflect Protector?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

  10. AM Best Withdraws Credit Ratings of Thaire Life Assurance Public Company Limited
    Business Wire | 07/11/24 11:09 AM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Thaire Life Assurance Public Company Limited. The ratings reflect Thaire Life?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral 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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