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 Western Health Advantage.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa? of Knights of Columbus. The ratings reflect the Order?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, 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 Auto-Owners Insurance Company and its four wholly owned property/casualty companies that compose Auto-Owners Insurance Group.
AM Best has downgraded the Financial Strength Rating to B++ from A and the Long-Term Issuer Credit Rating to ?bbb? from ?a? of Hotai Insurance Co., Ltd.. Concurrently, the under review status of these Credit Ratings has been revised to developing implications from negative.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of NongHyup Property and Casualty Insurance Company Limited. The ratings reflect NH P&C?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 Chubb Seguros Panama S.A.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of First Chicago Insurance Company . Concurrently, AM Best has upgraded the Long-Term ICR to ?b+? from ?b? and affirmed the FSR of C++ of United Security Health and Casualty Insurance Company, a wholly owned subsidiary of FCIC.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Triple-S Propiedad, Inc.. The outlook of the FSR has been revised to stable from positive, while the outlook of the Long-Term ICR is positive.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings 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 upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni. The ratings reflect S2C?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited 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 Irwell Insurance Company Limited. The ratings reflect Irwell?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.
LYON, France---- Regulatory News: Adocia, a clinical-stage biopharmaceutical company specializing in the development of innovative formulations of proteins and peptides for the treatment of diabetes and other metabolic diseases announced today the completion of a EUR 6 million financing operation.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Harrington Re Ltd.. AM Best also has affirmed the Long-Term ICR of ?bbb-? of Harrington Reinsurance Holdings Limited.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of International General Insurance Co. Ltd., International General Insurance Company Limited and International General Insurance Company SE. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb? of International General Insurance Holdings Ltd.. The outlook of these Credit Ratings is st...
Regulatory News: SEGRO plc announces the launch and pricing of a ?350 million, 19-year senior unsecured bond issue, priced at 175 basis points above gilts, with an annual coupon of 5.125 per cent. The bond issuance, which was carried out under SEGRO?s Medium Term Note Programme, was almost six times oversubscribed. The proceeds of the issue will principally be used for general corporate purposes.
?. SEGRO plc (SEGXF) announces the launch and pricing of a ?350 million, 19-year senior unsecured bond issue, priced at 175 basis points above gilts, with an annual coupon of 5.125 per cent. The bond issuance, which was carried out under SEGRO?s Medium Term Note Programme, was almost six times oversubscribed. The proceeds of the issue will principally be used for general corporate purposes.
Alcon Inc. announced that it has commenced and priced a private offering of US$700 million aggregate principal amount of its 5.375% senior notes due 2032 and US$600 million aggregate principal amount of its 5.750% senior notes due 2052. The offering is expected to close on December 6, 2022, subject to customary closing conditions.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Lewer Life Insurance Company. These ratings reflect Lewer Life?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
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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