?Scope ?Ratings: * ?SCOPE ?RATINGS: "BROAD ?WEAKENING" ?OF ?GOVERNANCE ?STANDARDS IN ?THE U.S. ?INCREASES THE ?RISK ?OF ?POLICY ?MISSTEPS, INCLUDING ?BY THE FEDERAL ?RESERVE.
* CFPB faces extinction under Trump administration, will run out of money in early 2026. * Warren defends CFPB, says it's crucial for consumer protection against financial abuse. * Critics argue CFPB is redundant, unconstitutional and has been used as political weapon. By Douglas Gillison.
State-backed China Vanke will likely mirror the strategies of some other cash-strapped Chinese developers and seek multiple short-term extensions for its bond repayments before ultimately proposing a debt restructuring, credit analysts said.
* Vanke's bond extension efforts face high rejection rates from bondholders. * Analysts expect Vanke to pursue multiple grace period extensions before a restructuring. * Vanke seen as a test case for local government support in distressed companies. By Clare Jim and Li Gu.
Embattled property developer China Vanke narrowly dodged a default on Monday after onshore bondholders approved a plan to extend the grace period of a 2 billion yuan bond repayment, a company filing?showed, temporarily relieving investor worries of a worsening debt crisis in the sector.
Federal Reserve Bank of Cleveland President Beth Hammack said she saw no need to change U.S. interest rates for months ahead after the central bank cut borrowing costs at its last three meetings, the Wall Street ?Journal reported on Sunday.
Xcel Energy (XEL) ?Inc: * ?Xcel Energy (XEL) ?ANNOUNCES ?PRICING ?TERMS OF ?CASH ?TENDER OFFERS FOR CERTAIN ?OUTSTANDING ?FIRST ?MORTGAGE BONDS ISSUED ?BY NORTHERN STATES POWER ?COMPANY. * ?Xcel Energy (XEL) - ANNOUNCES PRICING TERMS ?FOR $345 MILLION TENDER OFFERS Source text: Further ?company coverage: ;))
S&P: * S&P: AIRBUS OUTLOOK REVISED TO POSITIVE ON STEADY FREE CASH FLOW GENERATION; 'A' RATING AFFIRMED. * S&P: FUSELAGE PANEL REMEDIATION, SLIGHTLY REDUCED AIRCRAFT DELIVERY TARGETS FOR 2025 DO NOT AFFECT AIRBUS' CREDIT QUALITY IN OUR VIEW. * S&P: AIRBUS IS NOT MATERIALLY EXPOSED TO U.S. TRADE TARIFFS.
Cion Investment Corp (CION): * CION INVESTMENT CORPORATION ANNOUNCES THE ISSUANCE OF $172.5 MILLION SENIOR UNSECURED NOTES Source text: Further company coverage:
If British growth is sub-par, its labor market weakening and fiscal policy tightening, then the Bank of England looks behind the curve - and should now be playing catch-up to offset tightening real interest rates as inflation tumbles anew.
Cash-strapped China Vanke (CHVKF) kicked off a second meeting with holders of a 2 billion yuan bond on Thursday, as it scrambles to extend its debt payments with bondholders and banks in an effort to avoid a default. A default by Vanke, a state-backed developer, would add an additional weight on a property sector that has been in the doldrums for years.
China Vanke Co Ltd: * FITCH DOWNGRADES CHINA VANKE TO 'C' AND VANKE HK TO 'CC' * FITCH: WE EXPECT CHINA VANKE'S FREE CASH FLOW TO REMAIN NEGATIVE IN 2025 AND 2026, EVEN AFTER INCLUDING ASSET-SALE PROCEEDS. * FITCH: CHINA VANKE'S RATINGS REFLECT ITS HEIGHTENED DEFAULT RISK FROM BEING IN A GRACE PERIOD FOR BOND REPAYMENT Source text: Further company coverage:
Alvotech SA (ALVO): * ALVOTECH SUCCESSFULLY PLACES USD 108 MILLION SENIOR UNSECURED CONVERTIBLE BONDS IN A SIGNIFICANTLY OVERSUBSCRIBED OFFERING Source text: Further company coverage:
* Sweetens 1-yr repayment extension plan with $8.5 mln interest. * Seeks to extend repayment grace period to 30 days. * Meets insurers, banks on Wed, Bloomberg News reports.
* FITCH - PLACES EUROCLEAR BANK ON RATING WATCH NEGATIVE. * FITCH- ALSO PLACED ON RWN EUROCLEAR BANK'S AND EH'S VIABILITY RATINGS OF 'AA', SHORT-TERM IDRS OF 'F1+' AND DEBT RATINGS. * FITCH- RWN REFLECTS FITCH'S VIEW OF POTENTIALLY INCREASED LIQUIDITY AND LEGAL RISKS FOR EUROCLEAR BANK Source: https://tinyurl.com/3srmczss.
Credit rating agency Fitch on Monday downgraded the credit ratings of insurance giant Humana along with various subsidiaries. In a Monday report accompanying its downgrades, Fitch analysts cited a dim outlook for Humana's revenue margins recovery to previously higher levels.
Credit rating agency Fitch on Monday downgraded the credit ratings of insurance giant Humana along with various subsidiaries. In a Monday report accompanying its downgrades, Fitch analysts cited a dim outlook for Humana's revenue margins recovery to previously higher levels.
A subsidiary of the Depository Trust & Clearing Corporation has received a "no action" letter from the U.S. Securities and Exchange Commission to offer a service to tokenize stocks, exchange-traded funds and bonds, which the company plans to roll out next year.
BlackRock Inc (BLK): * BLACKROCK LAUNCHES FIRST-OF-ITS-KIND ETF OFFERING ACCESS TO THE FULL US BOND MARKET. * BLACKROCK (BLK) - LAUNCHES ISHARES TOTAL USD FIXED INCOME MARKET ETF Source text: Further company coverage:
Whatever the Federal Reserve does from here - even after cutting rates on Wednesday and signaling one further cut - borrowing costs elsewhere are rising again as the global interest-rate cycle turns. No matter what you think is in store in 2026, it probably won't be a year of the bond. Just this week, European Central Bank hawks suggested that higher rates are the next likely move.
Canacol Energy Ltd : * ENTERS AGREEMENT WITH AD HOC GROUP OF HOLDERS OF CO'S 5.75% SENIOR UNSECURED NOTES DUE 2028. * DEBTOR-IN-POSSESSION FINANCING COMPRISED OF $45 MILLION DELAYED-DRAW NEW-MONEY TERM LOAN, OTHERS Further company coverage:
Fitch: * FITCH UPGRADES OMAN TO 'BBB-'; OUTLOOK STABLE. * FITCH: UPGRADE REFLECTS SUSTAINED IMPROVEMENT IN OMAN'S PUBLIC AND EXTERNAL BALANCE SHEETS. * FITCH: UPGRADE REFLECTS FITCH'S GREATER CONFIDENCE THAT OMAN WILL MAINTAIN A PRUDENT POLICY STANCE IN A LOWER OIL PRICE ENVIRONMENT.
The ramp-up of U.S. pressure on Venezuelan President Nicolas Maduro's government is bringing fresh attention to the nation's defaulted bonds, including those of the state oil company Petroleos de Venezuela, known as PDVSA. Venezuela defaulted on its debt in 2017 but PDVSA continued to pay holders of a specific bond maturing in 2020.
The Argentine subsidiary of Mexico's Vista Energy priced $400 million in bonds with an 8.5% interest rate due 2033, the company said on Wednesday, with the sale expected to close on December 10.
Doman Building Materials Group Ltd (CWXZF) : * Doman Building Materials Group Ltd (CWXZF). ANNOUNCES CLOSING OF ADDITIONAL $170 MILLION SENIOR UNSECURED NOTE OFFERING AND REDEMPTION OF ITS REMAINING 5.25% SENIOR UNSECURED NOTES DUE MAY 15, 2026 Source text: Further company coverage:
Herc Holdings Inc (HRI): * HERC HOLDINGS ANNOUNCES PROPOSED PRIVATE OFFERING OF $1,200 MILLION OF SENIOR UNSECURED NOTES Source text: Further company coverage:
The "big three" credit rating agencies have given a cautious thumbs up to Britain's budget this week, regarding it as an ongoing push for fiscal consolidation by the government, albeit with a high degree of execution risk.
Fitch: * FITCH UPGRADES ZAMBIA TO 'B-'; OUTLOOK STABLE. * FITCH: UPGRADE OF ZAMBIA'S LTFC IDR REFLECTS ASSESSMENT THAT ZAMBIA HAS NORMALISED RELATIONS WITH MAJORITY OF ITS EXTERNAL COMMERCIAL CREDITORS. * FITCH ON ZAMBIA: AUGUST 2026 ELECTIONS COULD POSE A RISK TO FISCAL DISCIPLINE.
Remy Cointreau's new CEO outlined a series of strategic changes on Thursday, including lowering prices to sell more cognac, and said the worst was over for the embattled French spirits maker in its key U.S. market.
The Magnum Ice Cream Company on Wednesday said it had completed a 3 billion euro debut bond issue that was oversubscribed seven times, less than two weeks before the company will finalise a spinoff from Unilever (UL) and list in Amsterdam.
S&P Global (SPGI) downgraded its rating of Tether, the world's largest stablecoin on Wednesday, citing an increase in higher-risk assets in its reserves and "persistent gaps in disclosure".
* PosiGen blamed federal cutbacks and new tariffs for its decline. * Lender Brookfield has moved to foreclose on company assets. By Dietrich Knauth. Solar power company PosiGen filed for bankruptcy in Texas late Monday, saying the Trump administration's cuts to tax credits and subsidies for solar power had starved the company of cash and sparked disputes with its lenders.
Credit rating agency S&P Global on Tuesday placed sportswear company Under Armour's (UAA) ratings on watch for potential downgrades. In a Tuesday report accompanying its outlook change, S&P cited Under Armour's (UAA) continued restructuring challenges and persistent sales declines, including a 16% drop in footwear sales and 1% dip in apparel sales in the latest quarter.
Credit rating agency S&P Global on Tuesday placed sportswear company Under Armour's (UAA) ratings on watch for potential downgrades. In a Tuesday report accompanying its outlook change, S&P cited Under Armour's (UAA) continued restructuring challenges and persistent sales declines, including a 16% drop in footwear sales and 1% dip in apparel sales in the latest quarter.
DUKE ENERGY FLORIDA, LLC: * DUKE ENERGY FLORIDA, LLC - FILES FOR TWO-PART FIRST MORTGAGE BONDS OFFERING; SIZE NOT DISCLOSED - SEC FILING Source text: 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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