News Results

  1. WSFS Financial Corp.?s A- Senior Unsecured Debt Rating Affirmed with Stable Outlook by KBRA, Reflecting Strong Earnings, Liquidity, Capital and Diversified Fee Revenue
    Business Wire | 07/11/25 04:35 PM EDT

    Kroll Bond Rating Agency has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (WSFS). ?For the tenth consecutive year, WSFS has received a strong Investment Grade debt rating from KBRA.

  2. Eaton Vance Municipal Bond Fund Announces Tender Offer to Purchase up to 5% of Outstanding Shares
    Business Wire | 07/11/25 04:01 PM EDT

    Eaton Vance Municipal Bond Fund (EIM) previously announced that the Fund will conduct a tender offer for up to 5% of the Fund?s then-outstanding common shares if, during the four-month measurement period beginning March 10, 2025 through July 9, 2025, the Fund?s common shares trade at an average discount to net asset value of more than 7.5%. The Fund has determined that the conditions of the Trigger E...

  3. AM Best Affirms Credit Ratings of Athene Holding Ltd. and Its Subsidiaries
    Business Wire | 07/11/25 09:27 AM EDT

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the members of Athene Group. The ratings reflect Athene?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.

  4. AM Best Revises Issuer Credit Rating Outlook to Stable for Investors Heritage Life Insurance Company
    Business Wire | 07/10/25 02:51 PM EDT

    AM Best has revised the outlook to stable from negative 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.

  5. Mauna Kea Technologies Extends Its Financial Horizon Beyond the Observation Period of the Safeguard Procedure
    Business Wire | 07/10/25 01:13 PM EDT

    Bridge financing through the issuance of convertible bonds to Vester Finance and European investors for ?1.8m Immediate receipt of the entire financing upon signing Cash runway extended to November 2025, providing sufficient financial visibility to complete the safeguard process Structuring of a financing plan with long-term strategic investors underway to support the future development of the ...

  6. AM Best Affirms Credit Ratings of Odyssey Group Holdings, Inc.?s Subsidiaries
    Business Wire | 07/10/25 12:40 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.

  7. AM Best Assigns Credit Ratings to Ceres Life Insurance Company
    Business Wire | 07/09/25 04:49 PM EDT

    AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to Ceres Life Insurance Company. The ratings reflect Ceres Life?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.

  8. AM Best Affirms Credit Ratings of ProAssurance Group Members and ProAssurance Corporation
    Business Wire | 07/09/25 12:29 PM EDT

    AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the members of ProAssurance Group. The ratings of ProAssurance Group reflect its balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management.

  9. AM Best Upgrades Credit Ratings of JSC Insurance Company Aldagi Group
    Business Wire | 07/09/25 10:32 AM EDT

    AM Best has upgraded the Financial Strength Rating to B+ from B and the Long-Term Issuer Credit Rating to ?bbb-? from ?bb+? of JSC Insurance Company Aldagi Group. The ratings reflect Aldagi?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.

  10. Reckoner Capital Management Launches First-Ever Leveraged AAA CLO ETF
    Business Wire | 07/09/25 09:00 AM EDT

    Differentiated, actively managed ETF aims to deliver a unique combination of capital preservation and the potential for enhanced yield by investing in AAA CLO bonds Reckoner Capital Management, a global asset management firm with specialized expertise in alternative credit, today announced the launch of the Reckoner Leveraged AAA CLO ETF (RAAA), the first-ever levered AAA CLO ETF.

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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