News Results

  1. AM Best Affirms Credit Ratings of Symetra Financial Corporation and Its Subsidiaries
    Business Wire | 10:09 AM EDT

    AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Symetra Life Insurance Company and its subsidiary, First Symetra National Life Insurance Company of New York, together referred to as Symetra Life Group.

  2. GRAPHIC-Markets in Q1: Moving fast and breaking things
    Reuters | 05:00 AM EDT

    * World stocks up 6% after rollercoaster few months. * Bond markets see huge swings between hope and fear. * Banking turmoil evokes memory of crises past. * Dollar slips whereas bitcoin roars back to form. By Marc Jones.

  3. Analysis-Future for shock-absorbing bank debt uncertain in Credit Suisse aftermath
    Reuters | 02:22 AM EDT

    As the dust settles on a surprise move by Switzerland to write down $17 billion of bonds under Credit Suisse's rescue, the market for debt designed as a shock absorber for banks faces a long haul to regain investor trust.

  4. EnLink Midstream Announces Pricing of Offering of $300.0 Million of Additional Senior Notes Due 2030
    PR Newswire | 03/30/23 05:19 PM EDT

    DALLAS, March 30, 2023 ?EnLink Midstream (ENLC), LLC today announced the pricing of its offering of $300.0 million aggregate principal amount of its 6.500% senior notes due 2030 at a price of 99.000% of their face value.

  5. AM Best Withdraws Credit Ratings of Equitable Financial Life and Annuity Company
    Business Wire | 03/30/23 03:52 PM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Equitable Financial Life and Annuity Company. The ratings reflect EFLA?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.

  6. BRIEF-S&P, On Global Credit Conditions In Q2, Says High Interest Rates To Likely Further Strain Credit Financing Costs And Asset Prices
    Reuters | 03/30/23 01:04 PM EDT

    S&P : * S&P, ON GLOBAL CREDIT CONDITIONS IN Q2, SAYS HIGH INTEREST RATES TO LIKELY FURTHER STRAIN CREDIT FINANCING COSTS AND ASSET PRICES. * S&P ON Q2 GLOBAL CREDIT CONDITIONS: TIGHTER FINANCING CONDITIONS, MORE CONSERVATIVE LENDING STANDARDS, MAY PUSH MANY ECONOMIES CLOSER TO HARD LANDING.

  7. Adani met Pimco and BlackRock for potential private bond placement - Bloomberg News
    Reuters | 03/30/23 09:54 AM EDT

    Adani Group executives met U.S. investors from BlackRock Inc (BLK), Blackstone Inc (BX) and Pacific Investment Management in order to market privately placed bonds, Bloomberg News reported on Wednesday. The company aims to raise up to $1 billion in two tranches this year through this route, the report said citing sources. Adani Group declined to comment on the report.

  8. Wolters Kluwer receives Moody?s rating upgrade to A3
    GlobeNewswire | 03/30/23 09:30 AM EDT

    Wolters Kluwer receives Moody?s rating upgrade to A3 Alphen aan den Rijn ? March 30, 2023 ? Moody's Investors Service has upgraded Wolters Kluwer N.V.'s (WOLTF) senior unsecured ratings to A3 from Baa1. According to Moody?s, the upgrade reflects Wolters Kluwer?s ?strong operating performance and credit metrics, as well as its improved business profile and resiliency to economic cycles.

  9. EnLink Midstream Announces Proposed Offering of Additional Senior Notes Due 2030
    PR Newswire | 03/30/23 09:10 AM EDT

    DALLAS, March 30, 2023 EnLink Midstream, LLC (ENLC) today announced its intention, subject to market conditions, to commence an offering of $300.0 million aggregate principal amount of its 6.500% senior notes due 2030. EnLink intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility.

  10. AM Best Downgrades Issuer Credit Rating of Southern General Insurance Company; Places Credit Ratings Under Review With Negative Implications
    Business Wire | 03/30/23 09:04 AM EDT

    AM Best has downgraded the Long-Term Issuer Credit Rating to ?bb? from ?bb+? and affirmed the Financial Strength Rating of B of Southern General Insurance Company. The ratings reflect Southern General?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.

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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