News Results

  1. AM Best Affirms Credit Ratings of RSUI Group?s Members
    Business Wire | 02/14/25 12:05 PM EST

    AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of RSUI Indemnity Company and its reinsured subsidiaries, collectively referred to as RSUI Group.

  2. AM Best Affirms Credit Ratings of Gulf Insurance Limited
    Business Wire | 02/14/25 11:35 AM EST

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Gulf Insurance Limited. The ratings reflect Gulf?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

  3. Office Properties Income Trust Issues Supplement to Previously Announced Private Exchange Offers Relating to Existing Senior Unsecured Notes to Reflect Certain Financial Information in its 10-K Filed Earlier Today
    Business Wire | 02/13/25 10:17 PM EST

    Office Properties Income Trust (OPI) today announced that it has supplemented the Offering Memorandum dated as of February 7, 2025 with respect to its previously announced private exchange offers to exchange its outstanding senior unsecured notes due 2026, 2027 and 2031 for new 8.000% Senior Priority Guaranteed Unsecured Notes due 2030 and related guarantees pursuant to the terms and conditions set f...

  4. AM Best Affirms Credit Ratings of Cincinnati Financial Corporation and Subsidiaries
    Business Wire | 02/13/25 01:07 PM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of the property/casualty insurance subsidiaries of Cincinnati Financial Corporation and The Cincinnati Life Insurance Company.

  5. AM Best Upgrades Issuer Credit Ratings of Nassau Financial Group, L.P. Operating Insurance Subsidiaries
    Business Wire | 02/13/25 10:22 AM EST

    AM Best has upgraded the Long-Term Issuer Credit Ratings to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Nassau Life Insurance Company, Nassau Life and Annuity Company and Nassau Life Insurance Company of Kansas.

  6. AM Best Downgrades Credit Ratings of Momentum Life Limited; Places Credit Ratings Under Review With Negative Implications
    Business Wire | 02/13/25 10:03 AM EST

    AM Best has downgraded the Financial Strength Rating to B from B++ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb? of Momentum Life Limited. This rating action follows Momentum Life?s weakened current capital position and the material uncertainty related to the company?s future capital adequacy to support its operations.

  7. AM Best Affirms Credit Ratings of The Dai-ichi Life Insurance Company, Limited
    Business Wire | 02/13/25 09:21 AM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The outlook of these Credit Ratings is stable.

  8. AM Best Downgrades Credit Ratings of Universal North America Insurance Company; Maintains Under Review With Negative Implications Status
    Business Wire | 02/12/25 02:10 PM EST

    AM Best has downgraded the Financial Strength Rating to B from B + and the Long-Term Issuer Credit Rating to ?bb? from ?bbb-? of Universal North America Insurance Company. The ratings reflect UNAIC?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.

  9. AM Best Affirms Credit Ratings of Soci?t? Centrale de R?assurance
    Business Wire | 02/12/25 11:00 AM EST

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Soci?t? Centrale de R?assurance. The ratings reflect SCR?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

  10. AM Best Assigns Issue Credit Rating to CSAA Insurance Exchange?s New Surplus Notes
    Business Wire | 02/11/25 02:14 PM EST

    AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the $500 million, 8.125% surplus notes, due February 2045, issued by CSAA Insurance Exchange. The surplus notes are intended to support the company?s capital in anticipation of further premium growth and provide an additional layer of protection for catastrophic events, as well as enhance CSAA?s financial flexibility.

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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