Fitch Ratings: * FITCH RATINGS: SPIRIT AIRLINES POSSIBLE BANKRUPTCY NEUTRAL TO AIRCRAFT LESSOR RATINGS Source text for Eikon: Further company coverage:
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the $300 million, 7% surplus notes, due October 2064, issued by Farmers Insurance Exchange. The proceeds from the surplus notes issuance are expected to be used for general purposes, and the financial leverage will remain within AM Best?s guidelines for the company?s current rating.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Beneficial Insurance Limited. The Credit Ratings reflect Beneficial?s balance sheet strength, which AM Best assesses as adequate, as well as its strong 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 ?bb+? of Quest Insurance Group Limited. These ratings reflect Quest?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of General Insurance Corporation of India. The ratings reflect GIC Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management.
Rating agency Moody's has cut its outlook on Volkswagen to "negative" from "stable", citing a deteriorating operating performance at Europe's top carmaker and expected challenges to turn the situation around.
Warren Buffett's Berkshire Hathaway (BRK/A) has raised 281.8 billion yen in a yen-denominated bond offer, a move analysts say lays the ground for the U.S investment company to increase its exposure to Japanese assets. The deal was the largest bond sale in the Japanese currency for the firm in five years, a term sheet reviewed by Reuters on Thursday showed.
- Warren Buffett's Berkshire Hathaway (BRK/A) has raised 281.8 billion yen in a yen-denominated bond offer, a move analysts say lays the ground for the U.S investment company to increase its exposure to Japanese assets. The deal was the largest bond sale in the Japanese currency for the firm in five years, a term sheet reviewed by Reuters on Thursday showed.
KinderCare Learning Companies Inc (KLC) : * MOODY'S RATINGS: UPGRADES KINDERCARE'S CFR TO B2 FOLLOWING IPO DEBT PAYDOWN Source text for Eikon: Further company coverage:
AM Best has assigned a Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? to Soci?t? Nationale d'Assurance. The ratings reflect SAA?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.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Samsung Fire & Marine Insurance Co., Ltd. and its subsidiaries, Samsung Fire & Marine Insurance Company of Europe Limited, Samsung Vina Insurance Co., Ltd., and Samsung Reinsurance Pte.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb? and the Philippines National Scale Rating of aa+.PH of National Reinsurance Corporation of the Philippines.
AM Best has upgraded the Financial Strength Rating to A from B++ and the Long-Term Issuer Credit Rating to ?a? from ?bbb+? of GIG Insurance - Egypt S.A.E.. The outlook of these Credit Ratings is stable.
Berkshire Hathaway has successfully secured 281.8 billion yen, approximately $1.9 billion, via a yen-denominated bond offering. What Happened: This issuance of Samurai bonds highlights Warren Buffett?s increasing interest in Japan?s financial markets.
Warren Buffett's Berkshire Hathaway (BRK/A) has raised 281.8 billion yen in a yen-denominated bond offer, a move analysts say lays the ground for the U.S investment company to increase its exposure to Japanese assets. The deal was the largest bond sale in the Japanese currency for the firm in five years, a term sheet reviewed by Reuters on Thursday showed.
-Warren Buffett's Berkshire Hathaway (BRK/A) has raised 281.8 billion yen in a yen-denominated bond offer, a move analysts say lays the ground for the U.S investment company to increase its exposure to Japanese assets. The deal was the largest bond sale in the Japanese currency for the firm in five years, a term sheet reviewed by Reuters on Thursday showed.
Redwood Trust, Inc. (RWT) today announced that it priced approximately $40 million aggregate principal amount of its 7.75% convertible senior notes due 2027 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.
Ares Management Corporation (ARES) today announced that it has priced an offering of $750,000,000 aggregate principal amount of its 5.600% Senior Notes due 2054. The notes will bear interest at a rate of 5.600% per annum. The net proceeds from the Offering will be approximately $737.7 million, after deducting the underwriting discount, but before offering expenses.
- A dozen of the largest multilateral development banks could collectively lend a further half-trillion dollars before facing rating downgrades, Fitch said in a Wednesday report, following a review of its criteria for rating supranational institutions.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Golden Tree Reinsurance Limited. Golden Tree is a subsidiary of Iris Financial Services Limited and is owned ultimately by Springbrook Capital Ltd., a privately held holding company with diversified operations in insurance and financial services.
* Boeing (BA) considers issuing stock and equity-like securities to raise cash. * Investment banks have been building shadow books, fielding investor inquiries. * Analysts estimate Boeing (BA) needs $10-$15 billion to maintain credit ratings. By Shankar Ramakrishnan, Allison Lampert, Echo Wang, Mike Stone.
Hercules Capital, Inc. (HTGC), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Moody?s Investors Service, Inc. has reaffirmed Hercules an investment grade credit and corporate rating of Baa3 with a revised outlook to positiv...
?. Santander UK PLC. Issue of GBP 1,250,000,000.00. Floating rate covered bond due July 2027. Series 84 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 18,007,116.44. POOL FACTOR.
?. Santander UK PLC. Issue of GBP 1,500,000,000.00. Floating Rate Covered Bonds due Jan 2028. Series 80 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 22,033,471.23. POOL FACTOR.
Italy's demographics are the worst in Europe in terms of economic growth potential between 2023 and 2040, Scope Ratings said on Wednesday, with a rapidly ageing population posing a threat to the country's strained public finances.
Boeing is examining options to raise billions of dollars through a sale of stock and equity-like securities, two sources familiar with the matter said, as the planemaker tries to avoid slipping in to junk territory on its credit ratings.
* Boeing (BA) considers issuing stock and equity-like securities to raise cash. * Investment banks have been building shadow books, fielding investor inquiries. * Analysts estimate Boeing (BA) needs $10-$15 billion to maintain credit ratings. By Shankar Ramakrishnan, Allison Lampert, Echo Wang, Mike Stone.
Global ratings agency S&P said on Tuesday it had placed Boeing's (BA) rating on CreditWatch negative as about 33,000 of its workers remain on strike, halting production of its best-selling jets.
Colombia's state-run oil company oil Ecopetrol said on Tuesday it was launching on offer to buy back a bond worth $1.25 billion maturing in 2026, funded though the simultaneous issue of new bonds.
* MOODY'S RATINGS DOWNGRADES SENEGAL TO B1, PLACES RATINGS ON REVIEW FOR DOWNGRADE. * MOODY'S ON SENEGAL: DOWNGRADE IS DRIVEN BY A SIGNIFICANTLY WEAKER FISCAL AND DEBT POSITION THAN WE HAD PREVIOUSLY ASSESSED. * MOODY'S: SENEGAL'S LOCAL & FOREIGN CURRENCY COUNTRY CEILINGS HAVE BEEN LOWERED TO BAA3 AND BA1, RESPECTIVELY.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb? and the Mexico National Scale Rating of ?aa.MX? of Dentegra Seguros Dentales, S.A.. The outlook of these Credit Ratings is stable.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of the two operating subsidiaries of Nagico Holdings Limited ? National General Insurance Corporation N.V. and Nagico Insurance Company Limited.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Eurasia Insurance Company JSC. The ratings reflect Eurasia?s balance sheet strength, which AM Best assesses as strong, as well as the company?s strong operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Long-Term Issue Credit Rating of ?a-? on the $750 million, 5.3% senior unsecured notes, due December 2034, of MetLife, Inc. [NYSE: MET]. The outlook of this Credit Rating is stable. The rating applies to the recently issued $250 million, 5.3% senior unsecured notes, due 2034, and its existing $500 million, 5.3% senior unsecured notes, due 2034, issued June 5, 2024.
AM Best has assigned a Long-Term Issue Credit Rating of ?aa+? to the $500 million, 4.35% senior secured medium-term notes, due Sept. 17, 2031, issued by MassMutual Global Funding II.. MassMutual?s leverage and interest coverage ratios are within AM Best?s guidelines for its ratings. This press release relates to Credit Ratings that have been published on AM Best?s website.
Fitch is unlikely to upgrade Brazil's credit rating in the near-term, despite its better-than-expected economic growth, because of doubts the country will be able to significantly improve public finances, a director in its sovereign ratings group said. Fitch currently rates Brazil's credit as BB, two notches below investment grade, with a stable outlook.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Kansas City Life Insurance Company [OTCQX: KCLI]. Additionally, AM Best has revised the outlook of the Long-Term ICR to stable from negative and affirmed the FSR of B++ and the Long-Term ICR of ?bbb+? of Old American Insurance Company, a who...
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the key life/health subsidiaries of Globe Life Inc. [NYSE: GL]. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb+? of Globe Life.
A.M. Best and Morningstar DBRS affirm Foresters financial strength ratings TORONTO, Oct. 3, 2024 Foresters Financial?, a leading global life insurer committed to empowering its members and their families to do more of the good they want to do, today announced that independent rating agency A.M. Best Company?has affirmed The Independent Order of Foresters Financial Strength Rating of "A" with a ...
Keysight Technologies Inc (KEYS): * KEYSIGHT TECHNOLOGIES ANNOUNCES PRICING OF PUBLIC OFFERING OF SENIOR UNSECURED NOTES. * Keysight Technologies Inc (KEYS) - PRICES $600 MILLION PUBLIC OFFERING OF SENIOR UNSECURED NOTES. * Keysight Technologies Inc (KEYS) - NOTES MATURE IN 2034 WITH 4.950% ANNUAL INTEREST RATE Source text for Eikon: Further company coverage:
OKLAHOMA CITY, Oct. 2, 2024 Ascent Resources Utica Holdings, LLC announced today that it, along with its wholly-owned subsidiary, ARU Finance Corporation, has priced a private offering of $600 million in aggregate principal amount of 6.625% senior unsecured notes due 2032 at par.
Keysight Technologies, Inc. (KEYS) today announced the pricing of an underwritten, registered public offering of its senior unsecured fixed rate notes in an aggregate principal amount of $600,000,000. Keysight (KEYS) intends to use the net proceeds from the Offering for general corporate purposes, including to repay its outstanding $600 million of 4.55% senior notes due October 30, 2024.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Ol? Insurance Group Corp I.I.. The outlook of these Credit Ratings is stable.
?. City Of Goteborg. SEK 650,000,000.00 MTN. Floating Rate Green Bonds due 2028. Series GB25 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. SEK 6,063,506.94. POOL FACTOR. View source version on businesswire.com: https://www.businesswire.com/news/home/20241002552663/en/ Source: Deutsche Bank AG.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of AXA S.A. and its rated subsidiaries. The ratings reflect AXA?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
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 Gar-Bo F?rs?kring AB.
HAMILTON, Bermuda, Oct. 2, 2024 Borr Drilling Limited (BORR) has today requested Nordic Trustee AS to summon for a bondholders' written resolution for the Company's senior unsecured convertible bonds with?ISIN NO0012828187.
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.
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