News Results

  1. AIR Issues $400 Million of Senior Unsecured Notes
    Business Wire | 09:00 AM EDT

    Apartment Income REIT Corp. (AIRC) today announced the issuance of three tranches of guaranteed, senior unsecured notes, totaling $400 million at a weighted average effective interest rate of 4.3%, inclusive of a previously placed treasury lock, and a weighted average maturity of eight years. Proceeds from the offering were used to repay borrowings under the revolving credit facility.

  2. Enviva Prices $250 Million in Tax-Exempt Green Bonds
    Business Wire | 06/30/22 04:53 PM EDT

    Enviva Inc. (EVA) today announced that it has priced $250,000,000 of bonds in the U.S. tax-exempt market through the Industrial Development Authority of Sumter County, Alabama. Use of Proceeds Enviva (EVA) estimates that the net proceeds of this Offering will be $246,000,000, after deducting the underwriters? discount and other transaction-related costs.

  3. AM Best Affirms Credit Ratings of Thrivent Financial for Lutherans
    Business Wire | 06/29/22 02:47 PM EDT

    AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Rating of ?aa+? of Thrivent Financial for Lutherans. The ratings reflect Thrivent?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.

  4. Pentair Prices $400 Million Senior Notes Offering
    Business Wire | 06/28/22 04:36 PM EDT

    Pentair plc (PNR) announced today that Pentair Finance S.? r.l., a wholly-owned subsidiary of Pentair (PNR), priced a public offering of $400.0 million of 5.900% senior notes due 2032.

  5. AM Best Upgrades Issuer Credit Ratings of Aflac Incorporated and Its Subsidiaries
    Business Wire | 06/28/22 02:43 PM EDT

    AM Best has upgraded the Long-Term Issuer Credit Rating to ?aa? from ?aa-? and affirmed the Financial Strength Rating of A+ of Aflac Life Insurance Japan, Ltd., American Family Life Assurance Company of Columbus, American Family Life Assurance Company of New York and Continental American Insurance Company.

  6. AM Best Assigns Credit Ratings to British Caribbean Insurance Company Limited
    Business Wire | 06/24/22 03:46 PM EDT

    AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to British Caribbean Insurance Company Limited. The ratings reflect BCIC?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

  7. AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Saudi Arabian Insurance Company B.S.C. (c)
    Business Wire | 06/24/22 11:09 AM EDT

    AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Saudi Arabian Insurance Company B.S.C.. The outlook assigned to these Credit Ratings is negative.

  8. AM Best Downgrades Credit Ratings of Members of NLC Insurance Companies Pool
    Business Wire | 06/24/22 10:09 AM 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 New London County Mutual Insurance Company, Hingham Mutual Fire Insurance Company, Thames Insurance Company, Inc. and Danbury Insurance Company, which operate under an intercompany pooling agreement and are collectively referred to as NLC Insurance Companies Pool.

  9. AM Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries
    Business Wire | 06/24/22 09:30 AM EDT

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Pacific Life Insurance Company and Pacific Life & Annuity Company. The ratings reflect Pacific Life Group?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.

  10. AM Best Affirms Credit Ratings of Gar-Bo F?rs?kring AB
    Business Wire | 06/24/22 09:19 AM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Gar-Bo F?rs?kring AB. The ratings reflect Gar-Bo?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.

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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