News Results

  1. S&P warns of possible trebling of U.S., European default rates
    Reuters | 11:52 AM EST

    Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even treble next year as rising borrowing costs take their toll. The firm estimated that the "trailing-12-month default rates" in the U.S. and Europe would reach 3.75% and 3.25% respectively by September, more than double the 1.6% and 1.4% in September 2022.

  2. S&P warns of possible trebling of U.S., European default rates
    Reuters | 11:47 AM EST

    Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even treble next year as rising borrowing costs take their toll. The firm estimated that the "trailing-12-month default rates" in the U.S. and Europe would reach 3.75% and 3.25% respectively by September, more than double the 1.6% and 1.4% in September 2022.

  3. Crypto exchange Kraken cuts 30% of its global workforce
    Reuters | 11/30/22 11:23 AM EST

    Cryptocurrency exchange Kraken said on Wednesday it would cut its global workforce by 30%, or about 1,100 employees.

  4. BRIEF-Segro Announces Launch And Pricing Of A ?350 Mln, 19-Year Senior Unsecured Bond
    Reuters | 11/30/22 03:07 AM EST

    SEGRO PLC (SEGXF): * LAUNCH AND PRICING OF A ?350 MILLION, 19-YEAR SENIOR UNSECURED BOND ISSUE, PRICED AT 175 BASIS POINTS ABOVE GILTS, Source text for Eikon: Further company coverage:

  5. BRIEF-Fitch Says Slowing Global Demand Dims China's Export Outlook
    Reuters | 11/28/22 10:12 PM EST

    * FITCH RATINGS: SLOWING GLOBAL DEMAND DIMS CHINA'S EXPORT OUTLOOK Source text for Eikon:

  6. BRIEF-Copper Mountain Mining Receives Bondholder Approval For The Sale Of The Eva Copper Project And The Australian Exploration Tenements And Announces Bond Buyback Offer
    Reuters | 11/28/22 08:06 AM EST

    Copper Mountain Mining Corp (CPPMF) : * COPPER MOUNTAIN MINING RECEIVES BONDHOLDER APPROVAL FOR THE SALE OF THE EVA COPPER PROJECT AND THE AUSTRALIAN EXPLORATION TENEMENTS AND ANNOUNCES BOND BUYBACK OFFER Source text for Eikon: Further company coverage:

  7. BRIEF-S&P Says Liechtenstein 'Aaa/A-1+' Ratings Affirmed Outlook Stable
    Reuters | 11/25/22 04:30 PM EST

    S&P GLOBAL: * S&P SAYS LIECHTENSTEIN 'AAA/A-1+' RATINGS AFFIRMED; OUTLOOK STABLE Source text for Eikon: Further company coverage: [ ]

  8. BRIEF-S&P Says Bulgaria 'Bbb/A-2' Ratings Affirmed Outlook Stable
    Reuters | 11/25/22 04:27 PM EST

    S&P GLOBAL: * S&P SAYS BULGARIA 'BBB/A-2' RATINGS AFFIRMED; OUTLOOK STABLE Source text for Eikon: Further company coverage: [ ]

  9. BRIEF-S&P Says Bahrain Outlook Revised To Positive From Stable On Improving Fiscal Trajectory 'B+/B' Ratings Affirmed
    Reuters | 11/25/22 04:17 PM EST

    S&P GLOBAL: * S&P SAYS BAHRAIN OUTLOOK REVISED TO POSITIVE FROM STABLE ON IMPROVING FISCAL TRAJECTORY; 'B+/B' RATINGS AFFIRMED. * S&P ON BAHRAIN SAYS POSITIVE OUTLOOK INDICATES THAT IT EXPECT THE GOVERNMENT WILL CONTINUE IMPLEMENTING FISCAL REFORMS TO REDUCE THE BUDGET DEFICIT.

  10. BRIEF-Adler Group Says Agreement With Bondholder Group On Amendment Of Note Terms And Provision Of Secured Debt Financing
    Reuters | 11/25/22 01:58 PM EST

    Adler Group SA (ADPPF): * EQS-ADHOC: ADLER GROUP S.A. (ADPPF): AGREEMENT WITH BONDHOLDER GROUP ON AMENDMENT OF NOTE TERMS AND PROVISION OF SECURED DEBT FINANCING. * BONDHOLDERS HOLD AROUND 45% OF BONDS ISSUED BY ADLER GROUP (ADPPF). * ADLER GROUP INTENDS TO ENTER INTO A CORRESPONDING AGREEMENT WITH A MAJORITY OF ITS BONDHOLDERS IN DUE COURSE.

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.

fir_news_results