News Results

  1. BRIEF-Fitch Downgrades Slovakia To 'A-' Outlook Stable
    Reuters | 12/08/23 05:35 PM EST

    * FITCH DOWNGRADES SLOVAKIA TO 'A-'; OUTLOOK STABLE. * FITCH ON SLOVAKIA SAYS DOWNGRADE REFLECTS A DETERIORATION IN PUBLIC FINANCES AND AN UNCLEAR CONSOLIDATION PATH. * FITCH ON SLOVAKIA: GOVERNMENT'S CONSOLIDATION STRATEGY REMAINS UNCERTAIN, DO NOT EXPECT DEBT TO STABILISE OVER NEXT FEW YEARS IN OUR BASELINE SCENARIO.

  2. Moody's upgrades outlook on Nigeria to positive
    Reuters | 12/08/23 05:14 PM EST

    Ratings agency Moody's on Friday revised its outlook on Nigeria to positive from stable, citing possible reversal of the deterioration in the country's fiscal and external position due to authorities' reform efforts. The agency also affirmed its "Caa1" long-term foreign currency and local currency issuer ratings.

  3. Moody's revises Nigeria's outlook to positive from stable
    Reuters | 12/08/23 04:45 PM EST

    Ratings agency Moody's on Friday revised its outlook on Nigeria to positive from stable, citing possible reversal of the deterioration in the country's fiscal and external position due to authorities' reform efforts. The agency also affirmed its "Caa1" long-term foreign currency and local currency issuer ratings.

  4. BRIEF-Fitch Ratings Says 2024 Sector Outlook For North American Paper And Packaging Is Neutral
    Reuters | 12/08/23 01:32 PM EST

    Fitch: * FITCH RATINGS: 2024 SECTOR OUTLOOK FOR NORTH AMERICAN PAPER AND PACKAGING IS NEUTRAL Source text for Eikon:

  5. BRIEF-Fitch On U.S. Leveraged Finance Outlook Says Default Rates To Rise In 2024
    Reuters | 12/08/23 10:27 AM EST

    FITCH: * FITCH ON U.S. LEVERAGED FINANCE OUTLOOK SAYS DEFAULT RATES TO RISE IN 2024. * FITCH RATINGS' 2024 OUTLOOK FOR U.S. LEVERAGED FINANCE IS DETERIORATING Source text for Eikon: Further company coverage: [ ]

  6. BRIEF-Athene Holding Agrees To Sell $600 mln Of ~6% Senior Unsecured Notes Due 2034
    Reuters | 12/07/23 05:14 PM EST

    Athene Holding Ltd: * ATHENE HOLDING LTD- HAS AGREED TO SELL $600 MILLION OF 5.875% SENIOR UNSECURED NOTES DUE 2034.

  7. December corporate bond trading off to hottest start since 2015 -BofA
    Reuters | 12/07/23 01:06 PM EST

    Trading in investment-grade corporate bonds is off to its hottest start to December since at least 2015, according to a report by Bank of America Global Research. Trading volumes have averaged $35 billion a day for the first three trading days of December, according to the report. This is 31% above the average for the same period over the last three years, the report added.

  8. BRIEF-Fitch Affirms Mexico At 'Bbb-' Outlook Stable
    Reuters | 12/07/23 12:50 PM EST

    Fitch: * FITCH - AFFIRMS MEXICO AT 'BBB-'; OUTLOOK STABLE. * FITCH SAYS MEXICO'S RATING IS SUPPORTED BY A PRUDENT MACROECONOMIC POLICY FRAMEWORK, STABLE AND ROBUST EXTERNAL FINANCES. * FITCH: ANTICIPATES ELECTION-RELATED SPENDING WILL ALSO ADD TO HIGHER FISCAL DEFICIT NEXT YEAR FOR MEXICO. * FITCH ON MEXICO- ANTICIPATES A MATERIAL INCREASE OF GENERAL GOVERNMENT FISCAL DEFICIT TO 5% OF GDP IN 2024.

  9. BRIEF-Fitch Says 2024 Outlook For Global Airline Sector Is Neutral.
    Reuters | 12/07/23 11:30 AM EST

    * FITCH SAYS 2024 OUTLOOK FOR GLOBAL AIRLINE SECTOR IS NEUTRAL. * FITCH ON GLOBAL AIRLINE SECTOR: EXPECT 2024 TO SEE SUSTAINED POSITIVE TRENDS IN PREMIUM PRODUCTS FOR FULL-SERVICE CARRIERS. * FITCH ON GLOBAL AIRLINE SECTOR SAYS ANTICIPATE DEMAND FOR AIR TRAVEL TO REMAIN SUPPORTIVE IN 2024 Source text for Eikon:

  10. BRIEF-Fitch Expects Aerospace & Defense And Industrial & Manufacturing High-Yield Default Rates To Remain Low In 2024
    Reuters | 12/07/23 11:27 AM EST

    Fitch: * FITCH EXPECTS AEROSPACE & DEFENSE AND INDUSTRIAL & MANUFACTURING HIGH-YIELD DEFAULT RATES TO REMAIN LOW IN 2024.

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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