AM Best has upgraded the Long-Term Issuer Credit Ratings to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company.
Liberty Media Corporation (LSXMA) announced today that it intends to offer $375 million aggregate principal amount of convertible senior notes in a private offering. The Notes will be convertible into cash, shares of Liberty?s Series C Liberty Formula One common stock or a combination thereof, at Liberty?s election.
?. Santander UK PLC. Issue of GBP 1,000,000,000.00. Floating Rate Covered Bond due 12 November 2024. Series 73 Tranche 1. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 4,241,073.97. POOL FACTOR.
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.
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 Dunav-Re a.d.o.. The ratings reflect Dunav-Re?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 assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to Spheric Assurance Company, Ltd. The outlook assigned to these Credit Ratings is stable. The ratings reflect Spheric?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 upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating of ?a? from ?a-? of Singapore Reinsurance Corporation Limited. The ratings reflect Singapore Re?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.
Synovus Financial Corp. (SNV) today announced the pricing of its previously-announced underwritten public offering of $350 million of senior notes due 2025.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of International Traders Insurance Co., Ltd.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the property/casualty subsidiaries of CNA Financial Corporation [NYSE: CNA], collectively known as CNA Insurance Companies.
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.
Synovus Financial Corp. (SNV) today announced an underwritten public offering of senior notes due 2025. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC will serve as the joint book-running managers for the offering. Synovus is conducting the offering pursuant to an effective registration statement under the Securities Act of 1933, as amended.
Williams announced today that it has priced a public offering of $1.00 billion of its 4.650% Senior Notes due 2032 at a price of 99.635 percent of par and $750 million of its 5.300% Senior Notes due 2052 at a price of 99.954 percent of par.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of BTG Pactual Resseguradora S.A.. The outlook of these Credit Ratings is stable. The ratings reflect BTG Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
B2B data company?s solutions recognized with Best Feature Set and Best Relationship accolades DemandScience, a global B2B data company that partners with customers to upgrade their sales pipelines, today announced that TrustRadius has recognized the company with two 2022 Summer Best of Awards in the Intent Data Providers category.
?. SELP JOINT VENTURE PRICES ?750 MILLION 3.75 PER CENT UNSECURED GREEN BOND ISSUE SEGRO plc (SEGXF), in its role as venture adviser to the SEGRO European Logistics Partnership joint venture, announces the pricing of a 5 year, ?750 million senior unsecured Green bond issue for SELP.
Regulatory News: SEGRO plc, in its role as venture adviser to the SEGRO European Logistics Partnership joint venture, announces the pricing of a 5 year, ?750 million senior unsecured Green bond issue for SELP. The proceeds of the issue will principally be used to refinance the existing ?500 million bond expiring in 2023, which are subject to an ongoing tender offer.
Apex Secures Green Debt Facilities Totaling $650 Million, Positioning Company for Further Growth Apex Clean Energy today announced the refinancing and expansion of its corporate debt facilities to provide additional capital and flexibility for future growth.
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 Mutua de Riesgo Maritimo, Sociedad de Seguros a Prima Fija.
Curtiss-Wright Corporation (CW) today announced that it has priced a private placement debt offering of $300 million for senior notes, consisting of $200 million 4.49% notes due 2032 and $100 million 4.64% notes due 2034.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb-? of Kingstone Insurance Company. The ratings of KICO reflect its balance sheet strength, which AM Best assesses as adequate, 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 Ratings of ?bbb+? of Talcott Resolution Life Insurance Company and Talcott Resolution Life and Annuity Insurance Company.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of the main subsidiaries of The Travelers Companies, Inc. [NYSE: TRV], collectively known as Travelers Group. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICR of ?a? of The Dominion of Canada General Insurance Company.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Midland National Life Insurance Company and North American Company for Life and Health Insurance.
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 WAICA Reinsurance Corporation PLC.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of the members of The Hartford Steam Boiler Group. HSB?s ratings reflect the group?s balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, favorable business profile and very strong enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating to ?bbb-? from ?bbb? of Associated Mutual Insurance Cooperative. The ratings reflect Associated Mutual?s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a+? and the Mexico National Scale Rating of ?aaa.MX? of Atradius Seguros de Cr?dito, S.A. . The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Atradius Cr?dito y Cauci?n S.A. de Seguros y Reaseguros, Atradius Reinsurance Designated Activity Company, Atradius Trade Credit Insurance, Inc. and Atradius Seguros de Cr?dito, S.A.. Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating of ?bbb? of the EUR 250 million, 5.25...
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of the property/casualty members of Horace Mann Insurance Group , and Horace Mann Life Insurance Company.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Malayan Insurance Co., Inc.. The outlook of these Credit Ratings is stable. These ratings reflect Malayan?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral 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 members of Liberty Mutual Insurance Companies. Concurrently, AM Best has affirmed the Long-Term ICRs of ?bbb? of LMHC and Liberty Mutual Group Inc., a wholly owned subsidiary of LMHC, as well as the Long-Term Issue Credit Ratings of LMGI.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Munich Reinsurance Company and its subsidiaries. The ratings reflect Munich 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.
???Adjustment of the Exchange Ratio of the Bonds Regulatory News: Capitalised terms not otherwise defined in this notice shall have the meaning given to them in the terms and conditions of the Bonds.
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 Discovery Insurance Company. The Credit Ratings reflect Discovery?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 assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of ?bb+? to Veterinary Professionals Insurance Society Incorporated. The ratings reflect VPIS? 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 downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb+? from ?bbb-? of Universal Insurance Company Limited. The rating downgrades follow the payment by UIC of a GBP 8 million exceptional dividend to its ultimate parent, Universal Holdings Limited, on 14 July 2022.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa? of Assured Guaranty Re Overseas Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect AGRO?s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral 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 ?bbb? of Redbridge Insurance Company Limited. The ratings reflect RICL?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.
AM Best has assigned a Financial Strength Rating of B+, a Long-Term Issuer Credit Rating of ?bbb-? and a Mexico National Scale Rating of ?aa-.MX? to SPP Instituci?n de Seguros, S.A. de C.V.. The outlook assigned to these Credit Ratings is stable.
Regulatory News: NAVYA, an autonomous mobility systems leader, reminds that the conclusion of a line of convertible bonds is an equity line for which the subscriber, Negma Group, does not intend to remain a shareholder of Navya in case of conversion of these convertible bonds into ordinary shares, these shares will be sold on the market within the twenty-two trading day period, as indicated in ...
Genworth Financial, Inc. (GNW) today announced that Moody's Investors Service has upgraded the senior unsecured debt rating of Genworth Holdings, Inc. from B1 to Ba2, signifying a two-notch upgrade.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the life/health insurance subsidiaries of Manulife Financial Corporation (MFC) [NYSE: MFC]. Concurrently, AM Best has affirmed the Long-Term ICR of ?a-? and the Long-Term Issue Credit Ratings of MFC.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of GBG Insurance Limited. The ratings reflect the GBG group?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 Rating of ?aa-? of Top Layer Reinsurance Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect Top Layer?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and very strong enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Renaissance Reinsurance Ltd., Renaissance Reinsurance U.S. Inc., RenaissanceRe Specialty U.S. Ltd., Renaissance Reinsurance of Europe Unlimited Company and RenaissanceRe Europe AG.
Regulatory News: NAVYA, an autonomous mobility systems leader, announced the signing of a funding agreement on July 20th with the Negma Group for a total nominal amount of ?36 million.
Fitch Ratings affirms BBB+ credit rating and highlights strong SHOP operating recovery and durable cash flows from diversified portfolio Ventas, Inc. (VTR) today announced that Fitch Ratings has revised its rating outlook for Ventas (VTR) to Stable from Negative and affirmed Ventas?s issuer credit rating of ?BBB+?. In revising Ventas?s outlook, Fitch highlights that operating performance in Ventas?s senior...
The Bank of N.T. Butterfield & Son Limited has been notified of an unsolicited offer made by New York Stock and Bond LLC to purchase up to 50,000 of Butterfield?s ordinary shares, or approximately 0.1% of shares outstanding, at a price of $21.00 per share. Butterfield cautions shareholders that the mini-tender offer has been made at a price below the current market price for Butterfield shares.
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 Frank Winston Crum Insurance Company.
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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