News Results

  1. BRIEF-Moody's Says Evergrande's Lax Covenants Worsen Offshore Bondholders' Woes
    Reuters | 01/25/22 10:54 PM EST

    * MOODY'S -- EVERGRANDE'S LAX COVENANTS WORSEN OFFSHORE BONDHOLDERS' WOES. * MOODY'S- COVENANT PROTECTIONS OF EVERGRANDE'S BONDS AGAINST KNOWN STRUCTURAL SUBORDINATION RISK HAVE LOOSENED OR BEEN ELIMINATED TO THE DETRIMENT OF OFFSHORE BONDHOLDERS. * MOODY'S SAYS EVERGRANDE'S WEAKENED COVENANTS HAVE ENDANGERED DEBT SERVICING AND FURTHER SUBORDINATED OFFSHORE BONDS Further company coverage:

  2. ADNOC holds investor meetings ahead of debut bonds in 2022
    Reuters | 01/25/22 07:44 AM EST

    JPMorgan (JPM) and Morgan Stanley (MS) began a roadshow on Tuesday ahead of an inaugural bond issuance by ADNOC Murban, an entity to issue international bonds for Abu Dhabi National Oil Company, an investors' note reviewed by Reuters showed. The meetings will run through Friday and will target investors in Asia, Europe, the Middle East and Africa, and the United States, the note showed.

  3. Moody's cuts Kyrgyzstan's rating after gold mine nationalisation
    Reuters | 01/25/22 05:00 AM EST

    Rating agency Moody's cut Kyrgyzstan's credit rating to B3 from B2, saying the authorities' decision to nationalise the Central Asian nation's largest gold mine last year indicated weak governance and investment climate deterioration.

  4. Moody's expects Tesla to stay at EV leader spot, upgrades to 'Ba1'
    Reuters | 01/24/22 09:23 PM EST

    -Moody's upgraded Tesla Inc's (TSLA) debt rating by two notches to "Ba1" from "Ba3" on Monday, reflecting the ratings agency's expectations that the Elon Musk-led company will maintain its position as the leading battery electric vehicle manufacturer.

  5. BRIEF-Moody's Upgrades Tesla's Corporate Family Rating To Ba1, Outlook Positive
    Reuters | 01/24/22 09:18 PM EST

    * MOODY'S UPGRADES TESLA'S CORPORATE FAMILY RATING TO BA1; OUTLOOK POSITIVE. * MOODY'S - ANTICIPATES THAT TESLA WILL DELIVER NEARLY 1.4 MILLION VEHICLES IN 2022, UP FROM APPROXIMATELY 936,000 IN 2021. * MOODY'S- RATING UPGRADE,POSITIVE OUTLOOK REFLECT MOODY'S EXPECTATION TESLA WILL MAINTAIN ITS POSITION AS THE LEADING MANUFACTURER OF BATTERY ELECTRIC VEHICLES.

  6. Tesla countersues JPMorgan, claims bank sought 'windfall' after Musk tweet
    Reuters | 01/24/22 02:40 PM EST

    Tesla Inc (TSLA) on Monday fought back against JPMorgan Chase & Co (JPM) over a disputed bond contract, countersuing the bank for seeking a "windfall" following Elon Musk's notorious 2018 tweet that he might take his electric car company private.

  7. Tesla countersues JPMorgan, claims bank sought 'windfall' after Musk tweet
    Reuters | 01/24/22 12:02 PM EST

    Tesla Inc (TSLA) on Monday fought back against JPMorgan Chase & Co (JPM) over a disputed bond contract, countersuing the bank for seeking a "windfall" following Elon Musk's notorious 2018 tweet that he might take his electric car company private.

  8. Tesla countersues JPMorgan over contract affected by Musk tweet
    Reuters | 01/24/22 11:36 AM EST

    Tesla Inc (TSLA) on Monday fought back against JPMorgan Chase & Co (JPM) over a disputed bond contract, countersuing the bank for seeking a "windfall" following Chief Executive Elon Musk's notorious 2018 tweet that he might take his electric car company private.

  9. BRIEF-Sonoco Issues Inaugural Green Bonds To Expand Circular Economy Products
    Reuters | 01/24/22 07:52 AM EST

    Sonoco Products Co (SON): * SONOCO ISSUES INAUGURAL GREEN BONDS TO EXPAND CIRCULAR ECONOMY PRODUCTS. * Sonoco Products Co (SON) - GREEN BONDS TOTAL $1.2 BILLION AGGREGATE PRINCIPAL AMOUNT OF UNSECURED NOTES Source text for Eikon: Further company coverage:

  10. Mexico faces risks to growth, credit rating from energy bill -JP Morgan
    Reuters | 01/21/22 08:01 PM EST

    - Mexico faces risks to economic growth and potential for a credit rating downgrade in the medium term from political developments including the likely passage of a controversial energy bill, JP Morgan said in a report.

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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