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.
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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