AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Texas Hospital Insurance Exchange. The ratings reflect THIE?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
Virgin Galactic Holdings, Inc. (SPCE) today announced the pricing of its offering of $425 million aggregate principal amount of 2.50% 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.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Factory Mutual Insurance Company and its subsidiaries, which are collectively referred to as FM Global Group.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? for the members of The Progressive Corporation [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of ?a? for Progressive, the parent holding company, and all Long-Term Issue Credit Ratings on Progressive?s senior and preferred stock issuances.
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 Mountain West Farm Bureau Mutual Insurance Company.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Hannover R?ck SE and its main subsidiaries. These ratings reflect Hannover Re?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
Virgin Galactic Holdings, Inc. (SPCE) today announced its intention to offer, subject to market and other conditions, $425 million aggregate principal amount of 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.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Insurance House P.S.C.. The outlook of these Credit Ratings is stable. The ratings reflect IH?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited 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 ?bb+? of Mandal Daatgal JSC. The ratings reflect Mandal?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Manhattan Life Assurance Company of America, The Manhattan Life Insurance Company, Family Life Insurance Company and Western United Life Assurance Company.
MADRID---- Regulatory News: Colonial and its French subsidiary Soci?t? Fonci?re Lyonnaise have announced their intention to convert all the outstanding bonds of the Colonial Group into ?green bonds?. With this objective, the Group led by Juan Jos? Brugera and Pere Vi?olas has prepared a Green Financing Framework to align the Group's financing strategy with its sustainability objectives.
January 11, 2022 -- Triton International Limited (TRTN) today announced that its subsidiaries, Triton Container International Limited and TAL International Container Corporation, as co-issuers, have priced a public offering of $600 million aggregate principal amount of 3.250% Senior Notes due 2032 at an offering price of 99.600% of the principal amount thereof.
AM Best has withdrawn the Long-Term Issuer Credit Rating of ?bbb-? of Independence Insurance Holding Company, headquartered in Stamford, CT. At the time of the withdrawal, this Credit Rating was under review with developing implications. AM Best?s policy is for a final rating to be completed along with a rating withdrawal.
-? S&P, Moody?s and Fitch reaffirmed Avolon?s investment grade rating with Stable outlook; -? Raised $3.7bn of debt capital at a cost of 2.5% and increased total revolving debt capacity from $4.8 to $5.9 billion; -? Delivered, transitioned and sold a total of 91 aircraft; executed 229 lease transactions during 2021; -? Owned and managed fleet increased by 4% to 592 aircraft during 2021; -? Anno...
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to C from B and the Long-Term Issuer Credit Rating to ?ccc+? from ?bb+? of PT Asuransi Jasa Indonesia.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of National Indemnity Company and its affiliates. The ratings of National Indemnity reflect its balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, very favorable 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 Berkshire Hathaway Homestate Insurance Company and its five property/casualty affiliates.
Southwestern Energy Company (SWN) today announced that it has closed the acquisition of GEP Haynesville, LLC. In December, the Company completed an offering of $1.15 billion of 4.75% senior notes due 2032 and a $550 million institutional term loan to fund the cash consideration for the acquisition and tender for $300 million of its 2025 senior notes.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of Al-Sagr National Insurance Company P.S.C.. The outlook of these Credit Ratings is negative. The ratings reflect ASNIC?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
First U.S. bank holding company with under $150 billion in consolidated total assets ? and eighth overall ? to issue a bond with proceeds dedicated to financing the clean energy transition Forbright Inc., recently rebranded from Congressional Bancshares, Inc., or Forbright, announced today the completion of the private placement of its inaugural Green Bond, offering $125 million in fixed-to-flo...
Bioceres Crop Solutions Corp. (BIOX), a fully-integrated global provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, announced today that its subsidiary Rizobacter Argentina S.A. has completed a $20 million public offering of Series VII corporate bonds in the Argentine market.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of the members of Nationwide Group. In addition, AM Best has affirmed the Long-Term IRs of ?a? of the surplus notes issued by Nationwide Mutual Insurance Company.
AM Best has revised the outlooks to stable from positive for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of C and Long-Term ICR of ?ccc? of Friday Health Plans of Colorado, Inc.. The outlook of the FSR is stable.
Dun & Bradstreet Holdings, Inc. (DNB), a leading global provider of business decisioning data and analytics, announced today that its indirect wholly owned subsidiary, The Dun & Bradstreet Corporation, has completed its previously announced offering of $460.0 million aggregate principal amount of 5.00% senior notes due 2029 in a private offering.
Newmont Corporation (NEM) announced today that it has received aggregate net proceeds of approximately $992 million, after deducting underwriting discounts, upon the closing of its registered public offering of $1 billion aggregate principal amount of 2.600% Sustainability-Linked Senior Notes due 2032.
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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