AM Best has affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa-? and the Mexico National Scale Rating of ?aaa.MX? of Berkley International Seguros Mexico S.A.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa-? and the Mexico National Scale Rating of ?aaa.MX? of Berkley International Fianzas Mexico S.A.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?a-? of W. R. Berkley Corporation (WRB) [NYSE: WRB] and all associated Long-Term Issue Credit Ratings and indicative Long-Term IRs for securities issued by W. R. Berkley (WRB). Concurrently, AM Best has assigned an FSR of A+ and a Long-Term ICR of ?aa-? to W. R. Berkley?s newly reinsured affiliate, Berkley Prestige Insurance Company.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Net Insurance S.p.A.. The outlook assigned to these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of National Life Insurance Company and its wholly owned subsidiary, Life Insurance Company of the Southwest.
Nuveen Corporate Income 2023 Target Term Fund (JHAA) has entered the wind-up period in anticipation of its termination date. The fund has the investment objective to provide a high level of current income and to return the fund?s original $9.875 net asset value to shareholders at termination. Under normal circumstances, the fund invests at least 80% of its managed assets in corporate debt securities.
RenaissanceRe Holdings Ltd. (RNR/PF) announced today that it has agreed to sell in an underwritten public offering $750 million aggregate principal amount of 5.750% Senior Notes due 2033.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bb? from ?bb+? and affirmed the Financial Strength Rating of B of Arabia Insurance Company ? Jordan. The Credit Ratings reflect AICJ?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 assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to Newpoint Reinsurance Company Limited . The outlook assigned to these Credit Ratings is stable.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to Heartland National Life Insurance Company. The ratings reflect HNL?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? 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.
AM Best has assigned a Long-Term Issue Credit Rating of ?a+? to the new $750 million, 5.45% 30-year senior unsecured notes due May 25, 2053, recently issued by The Travelers Companies, Inc. (TRV) [NYSE: TRV]. The outlook assigned to this Credit Rating is stable. The proceeds from the sale of the notes will be used for general corporate purposes.
AM Best has assigned a Long-Term Issue Credit Rating of ?a? to the recently announced $500 million of 4.95% senior unsecured notes, due 2033, issued by The Progressive Corporation [NYSE: PGR]. The outlook assigned to this Credit Rating is stable.
KBRA assigns a senior unsecured debt rating of BBB with a Stable Outlook to the senior unsecured notes issued by BGC Partners, Inc. (BGCP). The notes are scheduled to mature on May 25, 2028.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Aseguradora General, S.A.. The outlook of the FSR is stable while the Long-Term ICR outlook is positive.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Qatar General Insurance & Reinsurance Company QPSC. The ratings reflect QGIRC?s consolidated 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.
Disclaimer in accordance with the position-recommendation 2020-06 of the Autorit? des March?s Financiers: ABIONYX Pharma set up a financing in the form of Bonds Redeemable in New Shares with the company IRIS. TOULOUSE, France & LAKELAND, Mich.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Juniata Mutual Insurance Company. The Credit Ratings reflect JMIC?s balance sheet strength, which AM Best assesses as 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 A and the Long-Term Issuer Credit Ratings of ?a+? of the core 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.
Phoenix Insurance, the Insurance Arm of Phoenix Holdings, is First Multi-line Israeli Carrier to Receive International Rating Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group, today announced that Moody?s has assigned an A2 insurance financial strength rating and a stable outlook to Phoenix Insurance, the principal insurance operating subsidiary of Phoeni...
American Tower Corporation (AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2028 and 2033 in aggregate principal amounts of $650.0 million and $850.0 million, respectively. The net proceeds of the offering are expected to be approximately $1,481.9 million, after deducting underwriting discounts and estimated offering expenses.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the $600 million 7.375% non-cumulative perpetual preferred stock recently issued by The Allstate Corporation (ALL) [NYSE: ALL]. The outlook assigned to the Credit Rating is stable. This press release relates to Credit Ratings that have been published on AM Best?s website.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of United Services Automobile Association and its property/casualty and life/health subsidiaries.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Eureka-Re SCC.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term ICRs of ?bbb-? of Conifer Insurance Company and White Pine Insurance Company, subsidiaries of Conifer Holdings, Inc. (CNFR) [NASDAQ: CNFR], a publicly traded property/casualty insurance holding company.
United States Steel Corporation (X) today announced the closing of $240 million unsecured Arkansas Development Finance Authority environmental improvement revenue bonds, which carry a green bond designation. The Green Bonds, issued through Arkansas Development Finance Authority, have a coupon rate of 5.70% and carry a final maturity of 2053.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the recently issued $400 million 5.5% senior unsecured notes due 2033 of CNA Financial Corporation.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Jordan Insurance Company Plc.. The ratings reflect JIC?s balance sheet strength, which AM Best assesses as 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 B++ and the Long-Term Issuer Credit Rating of ?bbb? of Nacional de Seguros S.A. Compa??a de Seguros Generales. The ratings reflect Nacional de Seguros? 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 A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Intact Insurance Company, the lead company of Intact Financial Corporation (IFCZF) [TSX: IFC], as well as the other subsidiaries of IFC.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of McMillan-Warner Mutual Insurance Company.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B- and the Long-Term Issuer Credit Rating of ?bb-? of Suez Canal Insurance. The Credit Ratings reflect SCI?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Providence Mutual Fire Insurance Company. The Credit Ratings reflect Providence Mutual?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Farm Bureau Mutual Insurance Company of Arkansas, Inc.. The outlook of the FSR was revised to stable from negative, while the outlook of the Long-Term ICR is negative.
Pfizer Inc. (PFE) today announced the pricing of a debt offering consisting of eight tranches of notes: $3,000,000,000 aggregate principal amount of 4.650% Notes due 2025. $3,000,000,000 aggregate principal amount of 4.450% Notes due 2026. $4,000,000,000 aggregate principal amount of 4.450% Notes due 2028. $3,000,000,000 aggregate principal amount of 4.650% Notes due 2030.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Vietnam National Reinsurance Corporation. The ratings reflect VINARE?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Bloom Energy Corporation (BE) today announced the pricing of its offering of $550.0 million aggregate principal amount of 3.00% green convertible senior notes due 2028 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.
Fitch Ratings has affirmed Prime Healthcare Foundation's Issuer Default Rating at 'BBB' and maintained a positive outlook for its 14 not-for-profit hospitals in six states. Fitch Ratings noted that the affirmation of the 'BBB' and maintenance of the Positive Outlook reflects Prime Healthcare Foundation's very solid liquidity and moderate leverage.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Blue Cross and Blue Shield of Florida, Inc. d/b/a Florida Blue, and its affiliates, Health Options, Inc., Capital Health Plan, Inc. and Florida Health Care Plan, Inc.. These companies collectively are referred to as Blue Cross and Blue Shield of Florida Group.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Standard Casualty Company. The Credit Ratings reflect Standard Casualty?s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
Bloom Energy Corporation (BE) today announced its intention to offer, subject to market and other conditions, $500,000,000 aggregate principal amount of green convertible senior notes due 2028 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.
Iron Mountain Incorporated (IRM), a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services, today announced that it has priced an offering by way of a private placement of $1,000.0 million aggregate principal amount of its 7.000% Senior Notes due 2029.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Ratings of ?bbb? and the Mexico National Scale Rating of ?aa.MX? of CESCE M?xico, S.A. de C.V. and its affiliate, CESCE Fianzas M?xico, S.A. de C.V.. The outlook of these Credit Ratings is stable.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating ?bbb+? of Forge Insurance Company. The Credit Ratings reflect Forge?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
Iron Mountain Incorporated (IRM), a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services, today announced a proposed offering by way of a private placement of a total of $1,000.0 million aggregate principal amount of its Senior Notes due 2029.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?ccc-? from ?bb? and associated Long-Term Issue Ratings of Hallmark Financial Services, Inc. [NASDAQ: HALL]. Concurrently, AM Best has downgraded the Financial Strength Rating to C++ from B++ and the Long-Term ICRs to ?b+? from ?bbb? of the members of Hallmark Insurance Group.
American Tower Corporation (AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2027 and 2031 in aggregate principal amounts of ?600.0 million and ?500.0 million, respectively. The net proceeds of the offering are expected to be ?1,089.5 million, after deducting underwriting discounts and estimated offering expenses.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, has agreed to sell $900,000,000 aggregate principal amount of its 4.800% Senior Notes due 2028, $1,350,000,000 aggregate principal amount of its 5.050% Senior Notes due 2033 and $1,250,000,000 aggregate principal amount of its 5.750% Senior Notes due 2054 in a registered public offering.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, plans to offer, subject to market and other conditions, senior notes in a registered public offering. Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the joint book-running managers for the offering of the notes.
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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