News Results

  1. S&P to lower ratings start point for Mexican non-bank financial institutions
    Reuters | 05:54 PM EDT

    S&P Global Ratings will lower its ratings starting point for Mexican non-bank financial institutions to BB-minus from BB, citing financing risks, the ratings agency said on Tuesday. The situation for the institutions is becoming "more difficult" after the announcement last week that Mexican leasing firm Unifin would miss principal and interest payments, S&P said.

  2. BRIEF-Ameren Illinois Announces Pricing Of First Mortgage Bonds Due 2032
    Reuters | 08/15/22 05:52 PM EDT

    Ameren Corp (AEE): * AMEREN ILLINOIS ANNOUNCES PRICING OF FIRST MORTGAGE BONDS DUE 2032. * Ameren Corp (AEE) - UNIT OF CO ANNOUNCED PRICING OF PUBLIC OFFERING OF $500 MILLION 3.85% FIRST MORTGAGE BONDS DUE 2032 AT 99.827% OF THEIR PRINCIPAL AMOUNT Source text for Eikon: Further company coverage:

  3. BRIEF-Agree Realty Announces Pricing Of $300 Mln Of 4.800% Senior Unsecured Notes Due 2032
    Reuters | 08/15/22 05:10 PM EDT

    Agree Realty Corp (ADC): * AGREE REALTY ANNOUNCES PRICING OF $300 MILLION OF 4.800% SENIOR UNSECURED NOTES DUE 2032. * Agree Realty Corp (ADC) - AGREE LIMITED PARTNERSHIP PRICED A PUBLIC OFFERING OF $300 MILLION OF 4.800% SENIOR UNSECURED NOTES DUE 2032.

  4. BRIEF-Royal Caribbean Group Announces Upsizing And Pricing Of $1,250,000,000 Senior Unsecured Notes To Refinance Near Term Debt Maturities
    Reuters | 08/15/22 04:53 PM EDT

    Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES UPSIZING AND PRICING OF $1,250,000,000 SENIOR UNSECURED NOTES TO REFINANCE NEAR TERM DEBT MATURITIES. * ROYAL CARIBBEAN GROUP - PRICED PRIVATE OFFERING OF $1.25 BILLION OF 11.625% SENIOR UNSECURED NOTES DUE 2027. * ROYAL CARIBBEAN GROUP - NOTES WILL MATURE ON AUGUST 15, 2027 Source text for Eikon: Further company coverage:

  5. BRIEF-Royal Caribbean Group announces proposed offering of senior unsecured notes to refinance near term debt maturities
    Reuters | 08/15/22 09:00 AM EDT

    Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES TO REFINANCE NEAR TERM DEBT MATURITIES. * ROYAL CARIBBEAN GROUP - HAS COMMENCED A PRIVATE OFFERING OF $1 BILLION OF SENIOR UNSECURED NOTES DUE 2027. * ROYAL CARIBBEAN GROUP - INTENDS TO USE PROCEEDS FROM SALE OF NOTES TO REPAY PRINCIPAL PAYMENTS ON DEBT MATURING IN 2022 AND/OR 2023.

  6. S&P pushes Sri Lankan bonds deeper into junk territory with 'default' rating
    Reuters | 08/15/22 06:58 AM EDT

    - Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to 'D', representing default, following missed interest and principal payments. The South Asian nation, which had defaulted on a bond payment earlier this year and has $12 billion in overseas debt with private creditors, has been battling the worst financial crisis in its independent history.

  7. S&P pushes Sri Lankan bonds deeper into junk territory with 'default' rating
    Reuters | 08/15/22 06:48 AM EDT

    Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to 'D', representing default, following missed interest and principal payments. The South Asian nation, which had defaulted on a bond payment earlier this year and has $12 billion in overseas debt with private creditors, has been battling the worst financial crisis in its independent history.

  8. China unexpectedly cuts 2 key rates, withdraws cash from banking system
    Reuters | 08/14/22 09:35 PM EDT

    China's central bank unexpectedly cut key interest rates for the second time this year and withdrew some cash from banking system on Monday, in an attempt to revive credit demand to support the COVID-hit economy.

  9. S&P, Fitch lower Ukraine's foreign currency rating
    Reuters | 08/12/22 05:34 PM EDT

    Global rating agencies S&P and Fitch on Friday lowered Ukraine's foreign currency ratings, saying they consider the country's debt restructuring as distressed.

  10. BRIEF-Cerevel Therapeutics announces pricing of $254 million public offering of common stock and concurrent $300 million private offering of convertible senior notes
    Reuters | 08/12/22 06:08 AM EDT

    Cerevel Therapeutics Holdings Inc (CERE) : * CEREVEL THERAPEUTICS ANNOUNCES PRICING OF $254 MILLION PUBLIC OFFERING OF COMMON STOCK AND CONCURRENT $300 MILLION PRIVATE OFFERING OF CONVERTIBLE SENIOR NOTES. * CEREVEL THERAPEUTICS (CERE) - PRICING OF PREVIOUSLY ANNOUNCED UNDERWRITTEN PUBLIC OFFERING OF 7,250,000 SHARES OF ITS COMMON STOCK AT A $35.00 PER SHARE 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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