News Results

  1. AM Best Affirms Credit Ratings of AVLA Per? Compa??a de Seguros S.A.
    Business Wire | 06/14/24 05:16 PM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of AVLA Per? Compa??a de Seguros S.A. . The outlook of these Credit Ratings is stable. The ratings reflect AVLA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

  2. AM Best Affirms Credit Ratings of AVLA Seguros de Cr?dito y Garant?a S.A.
    Business Wire | 06/14/24 04:30 PM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of AVLA Seguros de Cr?dito y Garant?a S.A. . The outlook of these Credit Ratings is stable.

  3. AM Best Downgrades and Withdraws Credit Ratings of Western Dental Services, Inc.
    Business Wire | 06/14/24 04:04 PM EDT

    AM Best has downgraded the Financial Strength Rating to B from B++ and the Long-Term Issuer Credit Rating to ?bb+? from ?bbb? of Western Dental Services, Inc.. The outlook of the Long-Term ICR has been revised to negative from stable, while the outlook of the FSR is stable.

  4. Munis firmer ahead of $7.2B new-issue calendar
    SourceMedia Bond Buyer | 06/14/24 03:56 PM EDT

    The new-issue calendar is led by the New York Transportation Development Corp. with $1.5 billion of green AMT special facilities revenue bonds for the John F. Kennedy International Airport New Terminal One project,

  5. AM Best Revises Issuer Credit Rating Outlook to Negative; Affirms Credit Ratings of Investors Heritage Life Insurance Company
    Business Wire | 06/14/24 03:19 PM EDT

    AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Investors Heritage Life Insurance Company.

  6. BRIEF-KGHM To Issue C Series Bonds Worth 1.00 Bln Zlotys
    Reuters | 06/14/24 10:35 AM EDT

    KGHM Polska Miedz SA (KGHPF): * RESOLVES TO ISSUE C SERIES BONDS OF 1.00 BILLION ZLOTY TOTAL NOMINAL VALUE. * ISSUE UNDER MAX. * NOMINAL VALUE SET AT 1,000 ZLOTYS PER BOND Source text for Workspace: Further company coverage:

  7. AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of Folgate Insurance Company Limited; Affirms Credit Ratings of Hadron Specialty Insurance Company
    Business Wire | 06/14/24 09:44 AM EDT

    AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A- from B and the Long-Term Issuer Credit Rating to ?a-? from ?bb+? of Folgate Insurance Company Limited.

  8. MicroStrategy Announces Pricing of Offering of Convertible Senior Notes
    Business Wire | 06/14/24 08:00 AM EDT

    MicroStrategy? Incorporated today announced the pricing of its offering of $700 million aggregate principal amount of 2.25% convertible senior notes due 2032. The notes will be unsecured, senior obligations of MicroStrategy (MSTR), and will bear interest at a rate of 2.25% per annum, payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2024.

  9. BRIEF-Fitch Ratings Says EU Tariffs On Chinese Evs Will Not Affect Market, Potential Retaliation Is Key
    Reuters | 06/14/24 04:50 AM EDT

    * FITCH RATINGS: EU TARIFFS ON CHINESE EVS WILL NOT AFFECT MARKET, POTENTIAL RETALIATION IS KEY. * FITCH: IF CHINA RETALIATES WITH MEASURES COVERING OTHER TYPES OF VEHICLES OR OTHER INDUSTRIAL SECTORS, GERMAN AUTOMAKERS WOULD BE MOST AFFECTED. * FITCH- WE EXPECT GERMAN AUTOMAKERS' EXISTING HEADROOM TO HELP ABSORB THESE PRESSURES WITHOUT THEIR RATINGS BEING AFFECTED.

  10. BRIEF-TC Energy Says Coastal Gaslink Completes Largest Corporate Bond Offering In Canadian History
    Reuters | 06/13/24 06:46 PM EDT

    TC Energy Corp (TRP): * SAYS COASTAL GASLINK SUCCESSFULLY COMPLETED $7.15 BILLION REFINANCING OF ITS EXISTING CONSTRUCTION CREDIT FACILITY THROUGH A CANADIAN PRIVATE BOND OFFERING OF FIRST LIEN SENIOR SECURED NOTES. * SAYS OFFERING WAS OVERSUBSCRIBED BY APPROXIMATELY 3.6 TIMES, REPRESENTING UNPRECEDENTED DEMAND FOR ENERGY INFRASTRUCTURE THAT IS PART OF CANADA'S LARGEST PRIVATE SECTOR INVESTMENT.

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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