News Results

  1. Pending merger doesn't spare Minnesota-based Fairview Health from rating cut
    SourceMedia Bond Buyer | 01/19/23 04:20 PM EST

    Moody's lowered Fairview Health Services by one notch to Baa1 and assigned a negative outlook, but a pending merger and expected sale of some facilities could help its bottom line.

  2. Downgrade leaves a San Francisco Bay-area college teetering above junk
    SourceMedia Bond Buyer | 01/17/23 01:57 PM EST

    Moody's downgraded St. Mary's College of California to Baa3 with a negative outlook, affecting $53 million in debt issued through the California

  3. Chicago launches tender, preps social bond debut
    SourceMedia Bond Buyer | 01/05/23 03:46 PM EST

    Chicago returns to the market later this month with a deal under its Sales Tax Securitization Corp. credit that will offer the city's first social-designated bonds along with a refunding piece that includes the paydown of GO bonds through a tender.

  4. Munis weaker once more, outflows continue
    SourceMedia Bond Buyer | 12/28/22 04:31 PM EST

    "With only a few days remaining in the year, muni bonds have had a tough year losing roughly 8.44% for the year," said Jason Wong, vice president of municipals at AmeriVet Securities.

  5. Florida lawmakers will hold special session on property insurance
    SourceMedia Bond Buyer | 12/07/22 09:52 AM EST

    Among the special session charges: "Improve the financial stability of the Citizens Property Insurance Corporation," Florida's bond-funded insurer of last resort.

  6. American Dream mall draws on reserves again to meet debt obligations
    SourceMedia Bond Buyer | 12/05/22 04:36 PM EST

    The trustee for $800 million of PILOT bonds for the New Jersey shopping complex said the mall's owners were $2.6 million short for a Dec. 1 payment.

  7. A $3.1 million bond deal will rehabilitate Rhode Island charter school
    SourceMedia Bond Buyer | 11/29/22 04:25 PM EST

    Debt placed through conduit Rhode Island Health and Educational Building Corp. will accelerate repairs at the Paul Cuffee School, a high school in Providence.

  8. Chicago will debut first social bond under higher-rated STSC credit
    SourceMedia Bond Buyer | 11/18/22 12:08 PM EST

    Chicago's Sales Tax Securitization Corp. will sell $150 million of social bonds next month in the city's first ESG-labeled deal.

  9. Fitch upgrades Morgan Stanley-backed municipal prepaid gas bonds
    SourceMedia Bond Buyer | 11/16/22 10:00 AM EST

    The upgrades follow Fitch's upgrade of Morgan Stanley (MS), the guarantor to the gas supplier in all of the transactions.

  10. Missouri Highways Commission tees up deal after AAA upgrade
    SourceMedia Bond Buyer | 11/14/22 05:22 PM EST

    The borrowing arm of the Missouri Department of Transportation will take competitive bids on $489 million of new money debt Tuesday.

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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