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.
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.
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.
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.
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.
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.
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.
?. Santander UK PLC. Issue of EUR 500,000,000.00. Floating Rate Covered Bonds due May 2027. Series 87 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. EUR 3,344,916.67. POOL FACTOR.
Intercontinental Exchange, Inc. (ICE), a leading global provider of technology and data, today announced the launch of intraday price updates and bond analytics data for Canadian fixed income securities through an agreement with CanDeal DNA, a premier source for Canadian fixed income and OTC derivatives pricing and analytics data.
AM Best has revised the outlooks of the Long-Term Issuer Credit Ratings to stable from negative and affirmed the Financial Strength Rating of A and the Long-Term ICRs of ?a+? of The Lincoln National Life Insurance Company and its wholly owned subsidiary, Lincoln Life & Annuity Company of New York.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the operating subsidiaries of PartnerRe Ltd.. Concurrently, AM Best has affirmed the Long-Term ICR of ?a-? of PartnerRe 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 ?aa-? of Cov?a Coop?rations, the intermediate operating holding company of Soci?t? de Groupe d?Assurance Mutuelle Cov?a, a leading mutual insurance group in France.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Transatlantic Reinsurance Company and its subsidiaries.
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of Topa Insurance Company and its subsidiary, Dorchester Insurance Company, Ltd.. These companies are wholly owned subsidiaries of Topa Equities, Ltd. and collectively referred to as Topa Insurance Group.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Well Link Life Insurance Company Limited. The ratings reflect Well Link Life?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.
Office Properties Income Trust (OPI) today announced that it is offering noteholders the option to exchange their 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 forth in an Offering Memorandum dated as of February 7, 2025.
Essex Property Trust, Inc. (ESS) announced today that its operating partnership, Essex Portfolio, L.P., priced an underwritten public offering of $400 million aggregate principal amount of 5.375% senior notes due 2035.
TransMontaigne Partners LLC today announced that it has priced its offering of $500 million aggregate principal amount of 8.500% senior unsecured notes due 2030 at an issue price of 100% in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb? of ACMAT Corporation (ACMT) [OTC Market: ACMT]. Concurrently, AM Best has affirmed the Financial Strength Rating of A and the Long-Term ICR of ?a? of ACMAT?s wholly owned subsidiary, ACSTAR Insurance Company.
AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of B and the Long-Term ICRs of ?bb? of First Chicago Insurance Company and United Security Insurance Company.
AM Best has removed from under review with developing implications and downgraded the Financial Strength Rating to B from B++ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb? of Connecticut Attorneys Title Insurance Company.
Healthpeak Properties, Inc. (DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, announced today that its operating company, Healthpeak OP, LLC, has priced a public offering of $500.0 million aggregate principal amount of 5.375% senior unsecured notes due 2035.
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 Group.
Regulatory News: Median Technologies , a leading developer of eyonis?, a suite of artificial intelligence powered Software as a Medical Device for early cancer diagnostics, and a globally leading provider of AI-based image analyses and imaging services for oncology drug developers, announced that, on January 23, 2025, the Company signed a financing agreement with Iris in the form of bonds redee...
AM Best has assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of ?bb? to Mohandes Insurance Company. The ratings reflect Mohandes? balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
TransMontaigne Partners LLC today announced that it is proposing to issue $450 million aggregate principal amount of senior unsecured notes due 2030 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
PennyMac Mortgage Investment Trust (PMT) today announced that it has priced an underwritten public offering of $150,000,000 aggregate principal amount of its 9.00% Senior Notes due 2030. The offering is expected to close on February 11, 2025, subject to customary closing conditions.
Valero Energy Corporation (VLO) announced today that it has priced a public offering of $650,000,000 aggregate principal amount of 5.150% Senior Notes due 2030. The offering is expected to close on February 7, 2025, subject to customary closing conditions.
AM Best has removed under review with negative implications and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Rural Mutual Insurance Company.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, has agreed to sell ?1,000,000,000 aggregate principal amount of its 3.150% Senior Notes due 2032, ?1,000,000,000 aggregate principal amount of its 3.500% Senior Notes due 2037 and ?750,000,000 aggregate principal amount of its 3.800% Senior Notes due 2045 in a registered public offering.
Compa?ia de Minas Buenaventura S.A.A., Peru?s largest publicly-traded precious metals mining company, announced today the successful issuance of its senior unsecured notes due 2032 in an aggregate amount of US$650 million.
PennyMac Mortgage Investment Trust (PMT) today announced that it is commencing an underwritten public offering of senior notes due 2030. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol ?PMTV.
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, euro-denominated senior notes in a registered public offering. Citigroup Global Markets Limited, Goldman Sachs & Co. LLC, J.P. Morgan Securities plc and Soci?t? G?n?rale are the joint book-running managers for the offering of the notes.
Hess Midstream Operations LP, a consolidated subsidiary of Hess Midstream LP (HESM), today announced that it has priced $800 million aggregate principal amount of 5.875% senior unsecured notes due 2028 at par in a private offering.
Hess Midstream Operations LP, a consolidated subsidiary of Hess Midstream LP (HESM), today announced that it intends to offer $800 million aggregate principal amount of senior unsecured notes due 2028 in a private offering. Hess Midstream (HESM) intends to use the net proceeds from the offering, along with borrowings under its revolving credit facility, to redeem its outstanding 5.625% senior notes due 2026.
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 El Aguila, Compa?ia de Seguros, S.A. de C.V.. The outlook of these Credit Ratings is stable.
Bain Capital Specialty Finance, Inc. (BCSF) today announced that it has priced an offering of $350 million aggregate principal amount of 5.950% senior notes due 2030. The offering is expected to close on or about February 6, 2025, subject to satisfaction of customary closing conditions.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of ?a-? and the rated operating subsidiaries of James River Group Holdings, Ltd. (JRVR) [NASDAQ: JRVR]. In addition, AM Best has affirmed the Long-Term ICR of ?bbb-? of JRG Holdings.
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 ?aa? of the members of RLI Group. The Credit Ratings reflect RLI?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of MLMIC Insurance Company. The ratings reflect MLMIC?s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Citigroup Global Markets Holdings Inc. announces the offering of guaranteed cash-settled exchangeable bonds due February 2030 in an aggregate principal amount of minimum EUR 375,000,000 and maximum EUR 400,000,000. The Bonds will be issued by the Issuer, a subsidiary of Citigroup Inc. (C/PN). The Issuer?s senior debt is currently rated A2 / P-1 / A / A-1 and A+ / F1.
AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to B+ from B and the Long-Term Issuer Credit Rating to ?bbb-? from ?bb+? of Mountain Life Insurance Company.
Infrastructure Capital Bond Income ETF InfraCap Small Cap Income ETF InfraCap Equity Income Fund ETF BNDS is an actively managed ETF targets attractive income by investing across fixed income securities, with a focus on corporate bonds NEW YORK---- Infrastructure Capital Advisors, a leading provider of investment management solutions designed to meet the needs of income-focused investors, is de...
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Nippon Life Insurance Company. The ratings reflect Nissay?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb+? and the Vietnam National Scale Rating of aaa.VN of Fubon Insurance Vietnam Co., Ltd.. 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 ?a-? and the Indonesia National Scale Rating of aaa.ID of PT Asuransi Tugu Pratama Indonesia Tbk.
AM Best has downgraded the Financial Strength Rating to B- from B and the Long-Term Issuer Credit Rating to ?bb-? from ?bb+? of Berking Re Limited. The ratings reflect Berking Re?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.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Meiji Yasuda Life Insurance Company. The ratings reflect Meiji Yasuda?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate 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 Grupo Nacional Provincial S.A.B.. The outlook of these Credit Ratings is stable.
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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