News Results

  1. BRIEF-Fitch Affirms Lithuania At 'A'; Outlook Stable
    Reuters | 05:10 PM EST

    * FITCH AFFIRMS LITHUANIA AT 'A'; OUTLOOK STABLE.

  2. BRIEF-Fitch Affirms Spain At 'A-' Outlook Stable
    Reuters | 05:05 PM EST

    * FITCH AFFIRMS SPAIN AT 'A-'; OUTLOOK STABLE Source text for Eikon:

  3. BRIEF-S&P Says Uzbekistan 'BB-/B' Ratings Affirmed, Outlook Stable
    Reuters | 04:26 PM EST

    * S&P SAYS UZBEKISTAN 'BB-/B' RATINGS AFFIRMED; OUTLOOK STABLE.

  4. BRIEF-S&P Says Lithuania Outlook Revised To Negative From Stable
    Reuters | 04:21 PM EST

    * S&P SAYS LITHUANIA OUTLOOK REVISED TO NEGATIVE FROM STABLE ON SPILLOVER EFFECTS FROM THE WAR; 'A+/A-1' RATINGS AFFIRMED. * S&P PROJECTS COUNTRY'S ECONOMY WILL FALL INTO RECESSION IN FIRST-HALF 2023 BEFORE RECOVERING IN SECOND HALF & GROWING ONLY 0.5% ANNUALLY.

  5. Credit fund outflows in 2022 unwind last year's inflows -BofA
    Reuters | 10:01 AM EST

    Investors have withdrawn $316 billion from credit funds this year, unwinding all of the previous year's inflows, BofA Global Research said in a note on Friday. That is a bearish signal for corporate debt markets as high inflation and rising interest rates darken the economic outlook, and is in sharp contrast to inflows into share markets.

  6. Credit fund outflows in 2022 unwind last year's inflows -BofA
    Reuters | 04:02 AM EST

    Investors have withdrawn $316 billion from credit funds this year, unwinding all of the previous year's inflows, BofA Global Research said in a note on Friday. That is a bearish signal for corporate debt markets as high inflation and rising interest rates darken the economic outlook, and is in sharp contrast to inflows into share markets.

  7. S&P warns of possible trebling of U.S., European default rates
    Reuters | 12/01/22 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.

  8. S&P warns of possible trebling of U.S., European default rates
    Reuters | 12/01/22 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.

  9. 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.

  10. 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:

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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