News Results

  1. Fitch restores Delta's investment-grade rating
    Reuters | 07/16/24 07:10 PM EDT

    Fitch Ratings on Tuesday upgraded Delta Air Lines' (DAL) credit rating to investment grade, citing improvements in its balance sheet in the past three years. The Atlanta-based carrier's rating was cut to junk during the pandemic when a slump in air travel brought the industry to its knees. After the pandemic, Delta has been focusing on paying down debt and getting back its investment-grade rating.

  2. Fitch restores Delta's investment-grade rating
    Reuters | 07/16/24 07:06 PM EDT

    Fitch Ratings on Tuesday upgraded Delta Air Lines' (DAL) credit rating to investment grade, citing improvements in its balance sheet in the past three years. The Atlanta-based carrier's rating was cut to junk during the pandemic when a slump in air travel brought the industry to its knees. After the pandemic, Delta has been focusing on paying down debt and getting back its investment-grade rating.

  3. BlackRock-led investors in Aramco pipelines hire banks for bond sale
    Reuters | 07/16/24 04:45 AM EDT

    BlackRock-led investors in Saudi Aramco's gas pipelines network have hired banks to arrange investor meetings ahead of a potential sale of bonds, a bank document showed on Tuesday, to refinance a loan that backed their stake purchase. The investors had in 2021 taken a 49% stake in Aramco Gas Pipelines Co in a $15.5 billion lease-and-leaseback agreement.

  4. BRIEF-Eaton Vance Municipal Bond Fund Announces Final Results Of Tender Offer
    Reuters | 07/11/24 04:47 PM EDT

    Eaton Vance Municipal Bond Fund (EIM) : * EATON VANCE MUNICIPAL BOND FUND ANNOUNCES FINAL RESULTS OF TENDER OFFER Source text for Eikon: Further company coverage:

  5. BRIEF-Essent Group Closes $500 Mln Senior Unsecured Notes Offering And $500 Mln Unsecured Revolving Credit Facility
    Reuters | 07/11/24 06:39 AM EDT

    Essent Group Ltd (ESNT): * Essent Group Ltd (ESNT). CLOSES $500 MILLION SENIOR UNSECURED NOTES OFFERING AND $500 MILLION UNSECURED REVOLVING CREDIT FACILITY Source text for Eikon: Further company coverage:

  6. China's Ping An eyes up to $5 billion convertible bond, sources say
    Reuters | 07/09/24 08:20 PM EDT

    - China's Ping An Insurance (PIAIF) is considering issuing a convertible bond worth up to $5 billion, according to two sources with direct knowledge of the matter. The bond could raise between $2 billion and $5 billion, according to one of the sources. They could not be named discussing confidential information.

  7. France's election outcome 'negative' for credit rating, Moody's warns
    Reuters | 07/09/24 09:08 AM EDT

    The outcome of France's parliamentary election is negative for the country's credit rating, Moody's has warned, as a grand coalition would make decision-making and the task of bringing its debt under control more difficult. France is facing complex negotiations to form a government after a left-wing surge in elections on Sunday blocked Marine Le Pen's quest to bring the far right to power.

  8. BRIEF-Saudi Aramco Starts Issuing U.S.$ Denominated International Bonds Under Its GMTN Programme
    Reuters | 07/09/24 01:45 AM EDT

    Saudi Arabian Oil Co: * SAUDI ARAMCO - STARTS ISSUING U.S.$ DENOMINATED INTERNATIONAL BONDS UNDER ITS GLOBAL MEDIUM TERM NOTE PROGRAMME Source text for Eikon: Further company coverage:

  9. Saudi Aramco returns to debt market with dollar bond sale
    Reuters | 07/09/24 01:23 AM EDT

    Saudi state oil giant Aramco made its return to the debt market on Tuesday after a three-year hiatus, joining top companies and governments in the Gulf that have tapped markets this year to fund investments. Aramco hired banks to sell bonds maturing in 10, 30 and 40 years, a document from one of the banks working on the deal showed. The company did not immediately respond to a request for comment.

  10. BRIEF-Watco Companies Announces Private Offering Of Senior Unsecured Notes
    Reuters | 07/08/24 08:34 AM EDT

    Watco Companies LLC: * WATCO COMPANIES ANNOUNCES PRIVATE OFFERING OF SENIOR UNSECURED NOTES. * WATCO COMPANIES LLC - PRIVATE OFFERING OF $700M SENIOR UNSECURED NOTES Source text for Eikon: Further company coverage:

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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