* FITCH DOWNGRADES SLOVAKIA TO 'A-'; OUTLOOK STABLE. * FITCH ON SLOVAKIA SAYS DOWNGRADE REFLECTS A DETERIORATION IN PUBLIC FINANCES AND AN UNCLEAR CONSOLIDATION PATH. * FITCH ON SLOVAKIA: GOVERNMENT'S CONSOLIDATION STRATEGY REMAINS UNCERTAIN, DO NOT EXPECT DEBT TO STABILISE OVER NEXT FEW YEARS IN OUR BASELINE SCENARIO.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of The Lincoln National Life Insurance Company and its wholly owned subsidiary, Lincoln Life & Annuity Company of New York.
Ratings agency Moody's on Friday revised its outlook on Nigeria to positive from stable, citing possible reversal of the deterioration in the country's fiscal and external position due to authorities' reform efforts. The agency also affirmed its "Caa1" long-term foreign currency and local currency issuer ratings.
Ratings agency Moody's on Friday revised its outlook on Nigeria to positive from stable, citing possible reversal of the deterioration in the country's fiscal and external position due to authorities' reform efforts. The agency also affirmed its "Caa1" long-term foreign currency and local currency issuer ratings.
AM Best has revised the outlook to positive from stable and affirmed the Long-Term Issuer Credit Rating of ?bbb-? and the Mexico National Scale Rating of ?aa-.MX? of Grupo Aserta S.A.P.I. de C.V.. Concurrently, AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A-, the Long-Term ICR of ?a-? and the NSR of ?aaa.MX? of Aseguradora Insurgentes, S...
CVR Energy, Inc. (CVI) announced today the pricing of its private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, of $600 million in aggregate principal amount of?8.500% senior unsecured notes due 2029. The Company intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of its outstanding 5.250% Senior Notes due 2025.
AM Best has revised the outlooks to negative from stable and 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 Credit Ratings reflect Gsalud?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limi...
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 and the Long-Term Issuer Credit Ratings of ?a+? of Assicurazioni Generali S.p.A. and its main rated subsidiaries. The ratings reflect Generali?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, very favourable business profile and appropriate enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B- from B+ and the Long-Term Issuer Credit Rating to ?bb-? from ?bbb-? of McMillan-Warner Mutual Insurance Company. The ratings reflect MWM?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.
FITCH: * FITCH ON U.S. LEVERAGED FINANCE OUTLOOK SAYS DEFAULT RATES TO RISE IN 2024. * FITCH RATINGS' 2024 OUTLOOK FOR U.S. LEVERAGED FINANCE IS DETERIORATING Source text for Eikon: Further company coverage: [ ]
AM Best has assigned a Financial Strength Rating of A+ and a Long-Term Issuer Credit Rating of ?aa-? to RGA Life and Annuity Insurance Company. The ratings reflect RGA?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
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 First Insurance Company of Hawaii, Ltd. and its reinsured subsidiaries, collectively referred to as First of Hawaii 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 downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to ?a+? from ?aa-? of the members of Nationwide Property & Casualty Group.
PHOENIX, Dec. 7, 2023 Nikola Corporation (NKLA) today announced the pricing of its concurrent public offerings of 133,333,334 shares of common stock, at a public offering price of $0.75 per share, and $175,000,000 aggregate principal amount of 8.25% Green Convertible Senior Notes due 2026. June 15 and December 15 of each year, beginning on June 15, 2024.
Fairfax Financial Holdings Limited (FRFHF) has completed its previously announced offering of US$400,000,000 in aggregate principal amount of 6.000% senior notes due 2033. Fairfax intends to use substantially all of the net proceeds of this offering to repay outstanding indebtedness of Fairfax or its subsidiaries with upcoming maturities and use any remainder for general corporate purposes.
AM Best has affirmed the Financial Strength Rating of C++ and the Long-Term Issuer Credit Ratings of ?b+? of Genworth Life Insurance Company and Genworth Life Insurance Company of New York.
Athene Holding Ltd. (ATH/PB) today announced it has agreed to sell $600 million of 5.875% senior unsecured notes due 2034. Athene intends to use the net proceeds from the offering for general corporate purposes, including capital contributions to its insurance subsidiaries to support organic growth.
AM Best has downgraded the Financial Strength Rating to C++ from B+ and the Long-Term Issuer Credit Rating to ?b? from ?bbb-? of United Heritage Property & Casualty Company. Lastly, AM Best has withdrawn the ratings of UHPC as UHFG has requested to no longer participate in AM Best?s interactive rating process.
Installed Building Products, Inc. (IBP), an industry-leading installer of insulation and complementary building products, today announced that Moody's Investors Service, Inc. has upgraded IBP?s corporate family rating to Ba1 from Ba2, probability of default rating to Ba1-PD from Ba2-PD.
ICON plc (ICLR) , a world-leading healthcare intelligence and clinical research organization, today announced that Moody's Investors Service upgraded all of ICON plc?s instrument ratings to Baa3 with a stable outlook.
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to ?a+? from ?a-? of American Memorial Life Insurance Company and TruStage Life of Canada. At the same time, AM Best also has affirmed the FSR of B++ and the Long-Term ICR of ?bbb? of Union Security Insurance Company.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Ratings to ?bb? from ?bbb-? of Health Alliance Medical Plans, Inc. and its wholly owned subsidiary, Health Alliance-Midwest, Inc. Concurrently, these Credit Ratings were placed under review with negative implications.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the recently issued $400 million 6% senior unsecured notes, due December 2033 of Fairfax Financial Holdings Limited. The Long-Term Issuer Credit Rating of Fairfax, as well as the ratings of its operating subsidiaries and all other debt issuances are unchanged.
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.
Trading in investment-grade corporate bonds is off to its hottest start to December since at least 2015, according to a report by Bank of America Global Research. Trading volumes have averaged $35 billion a day for the first three trading days of December, according to the report. This is 31% above the average for the same period over the last three years, the report added.
Fitch: * FITCH - AFFIRMS MEXICO AT 'BBB-'; OUTLOOK STABLE. * FITCH SAYS MEXICO'S RATING IS SUPPORTED BY A PRUDENT MACROECONOMIC POLICY FRAMEWORK, STABLE AND ROBUST EXTERNAL FINANCES. * FITCH: ANTICIPATES ELECTION-RELATED SPENDING WILL ALSO ADD TO HIGHER FISCAL DEFICIT NEXT YEAR FOR MEXICO. * FITCH ON MEXICO- ANTICIPATES A MATERIAL INCREASE OF GENERAL GOVERNMENT FISCAL DEFICIT TO 5% OF GDP IN 2024.
* FITCH SAYS 2024 OUTLOOK FOR GLOBAL AIRLINE SECTOR IS NEUTRAL. * FITCH ON GLOBAL AIRLINE SECTOR: EXPECT 2024 TO SEE SUSTAINED POSITIVE TRENDS IN PREMIUM PRODUCTS FOR FULL-SERVICE CARRIERS. * FITCH ON GLOBAL AIRLINE SECTOR SAYS ANTICIPATE DEMAND FOR AIR TRAVEL TO REMAIN SUPPORTIVE IN 2024 Source text for Eikon:
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Continental Reinsurance Plc. The ratings reflect CRe?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile, and marginal enterprise risk management.
A trust administrated by the Mexican government has bought back around $480 million in bonds issued to finance a partially built Mexico City airport that was later canceled, the trust's operator said late Wednesday.
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating of ?bbb? and affirmed the Financial Strength Rating of B++ as well as the Long-Term ICR of Tune Protect Re Ltd.. The outlook of the FSR is stable.
digital corporate bond issuance. What Happened: Hitachi (HTHIF) ?issued the five-year green bonds with a coupon rate of 0.598%, Bloomberg reported. Nippon Life Insurance revealed that it purchased half of the $68 million offering. Emiri Matsuo of Hitachi's (HTHIF) treasury division financing department said that life insurers, central public institutions, and other corporates also acquired the securities.
Golar LNG Limited (GLNG) announces that it has recently re-sold $30.5 million notional value of its senior unsecured bonds maturing 20 October 2025 which were previously held in treasury. The Company also provides an update on its previously announced share buyback program with total approved amount of up to $150.0 million. Golar LNG Limited Hamilton, Bermuda December 7, 2023.
VALLEY FORGE, Pa., Dec. 7, 2023 Vanguard today launched Vanguard Core-Plus Bond ETF and announced that Vanguard Core Bond ETF will launch before year end.
Permian Resources Corporation (PR) announced today that, subject to market conditions, Permian Resources Operating, LLC, a subsidiary of Permian Resources (PR), intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended, to eligible purchasers $500.0 million in aggregate principal amount of senior unsecured notes due 2032.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of First Insurance Company. The ratings reflect SFIC?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.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Solidarity Bahrain B.S.C.. 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 Al Fujairah National Insurance Company PJSC. The ratings reflect AFNIC?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
CVR Energy, Inc. (CVI) announced today that, subject to market conditions, it intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, $600 million in aggregate principal amount of senior unsecured notes due 2029.
?. Santander UK PLC. Issue of GBP 1,100,000,000.00. Floating Rate Covered Bonds due June 2028. Series 81 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. GBP 15,686,355.62. POOL FACTOR.
Financing dedicated to environmental initiatives for accelerated sustainability Mitsubishi Electric Corporation (MIELF) announced today that it has set the terms and conditions for issuing its first corporate green bonds in the Japanese market, as initially announced in a news release on November 10.
Genesis Energy, L.P. (GEL) today announced that its previously announced cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 6.500% senior unsecured notes due 2025 that we co-issued with our subsidiary, Genesis Energy Finance Corporation, expired at 5:00 p.m., New York City time, on December 6, 2023.
KBRA assigns a BBB rating with a Stable Outlook to the $750 million senior unsecured notes issued by Cantor Fitzgerald, L.P.. The notes are scheduled to mature on December 12, 2028.
* FITCH SAYS GLOBAL GAMING OUTLOOK FOR 2024 IS NEUTRAL. * FITCH ON GLOBAL GAMING OUTLOOK SAYS THERE ARE SIGNS THAT REGIONAL GAMING MIGHT BE SLOWING IN SOME MARKETS. * FITCH SAYS NEUTRAL OUTLOOK FOR GLOBAL GAMING IN 2024 REFLECTS A SLIGHT PULLBACK FROM PENT-UP DEMAND SEEN IN U.S., ESPECIALLY IN LAS VEGAS.
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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