News Results

  1. AM Best Downgrades Credit Ratings of Rockingham Insurance Company and Its Affiliates
    Business Wire | 04:28 PM EDT

    AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Ratings to ?bbb+? from ?a-? of Rockingham Insurance Company and its pooled affiliates: Rockingham Casualty Company and Rockingham Specialty, Inc. The outlook of the FSR has been revised to stable from negative while the Long-Term ICR is negative.

  2. AM Best Revises Issuer Credit Outlook to Positive for Trans World Assurance Company
    Business Wire | 02:28 PM EDT

    AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb? of Trans World Assurance Company.

  3. AM Best Assigns Credit Ratings to Momento Seguros, S.A de C.V.
    Business Wire | 04/16/24 03:06 PM EDT

    AM Best has assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of ?bb+? and a Mexico National Scale Rating of ?a+.MX? to Momento Seguros, S.A de C.V.. The outlook assigned to these Credit Ratings is stable.

  4. MFA Financial, Inc. Announces Pricing of Public Offering of Senior Notes
    Business Wire | 04/15/24 04:20 PM EDT

    MFA Financial, Inc. (MFA/PB) announced today the pricing of an underwritten public offering of $75 million aggregate principal amount of its 9.000% senior notes due 2029.

  5. Fitch Ratings Upgrades Prime Healthcare Foundation Credit Rating
    Business Wire | 04/15/24 03:30 PM EDT

    Second consecutive upgrade earned by operational performance, liquidity and commitment Fitch Ratings has upgraded Prime Healthcare Foundation's Issuer Rating and the Revenue Bond Credit rating to BBB+ and Outlook as Stable for its 14 not-for-profit hospitals in six states.

  6. ICE Bonds? Risk Matching Auction Named Best Sell-Side Trading Network by WatersTechnology
    Business Wire | 04/15/24 09:00 AM EDT

    Intercontinental Exchange, Inc. (ICE), a leading global provider of technology and data, today announced that WatersTechnology has selected ICE Bonds as Best Sell-Side Trading Network for its Risk Matching Auction service. RMA is ICE Bonds? dealer-to-dealer sweep solution, which was relaunched in July 2023 as part of ICE Bonds? suite of trading protocols.

  7. Tutor Perini Announces Proposed Offering of $400 Million of Senior Notes
    Business Wire | 04/15/24 08:08 AM EDT

    Tutor Perini Corporation (TPC), a leading civil, building and specialty construction company, announced today that it is offering $400 million in aggregate principal amount of senior notes in a private offering.

  8. AM Best Upgrades Credit Ratings of Armour Secure Insurance S.A. de C.V.
    Business Wire | 04/12/24 05:00 PM EDT

    AM Best has upgraded the Financial Strength Rating to B+ from B, the Long-Term Issuer Credit Rating to ?bbb-? from ?bb? and the Mexico National Scale Rating to ?aa-.MX? from ?a.MX? of Armour Secure Insurance S.A. de C.V.. The outlook of these Credit Rating has been revised to stable from positive.

  9. AM Best Affirms Credit Ratings of Halyk-Life, JSC
    Business Wire | 04/12/24 02:17 PM EDT

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

  10. Jefferies Financial Group Inc. Announces Pricing of $1,500,000,000 6.200% Senior Notes Due 2034
    Business Wire | 04/11/24 05:30 PM EDT

    Jefferies Financial Group Inc. (JEF) today announced the pricing of its public offering of $1.5 billion aggregate principal amount of 6.200% Senior Notes due 2034 with an effective yield of 6.222%, maturing April 14, 2034. JFG intends to use the net proceeds of the offering for general corporate purposes.

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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