News Results

  1. Pittsburgh healthcare giant bets on good year with bond deal
    SourceMedia Bond Buyer | 03/18/25 02:22 PM EDT

    Hospital and health insurance operator UPMC's $735 million deal looks routine. But the volatile healthcare and insurance environments may disrupt that standard.

  2. Texas bill would derail Austin light-rail bond financing
    SourceMedia Bond Buyer | 03/12/25 02:31 PM EDT

    A city-created corporation plans to issue bonds for the mass transit project, paid off with a voter-approved hike in the maintenance and operations property tax.

  3. Fitch downgrades UofL Health, Kentucky, to BBB
    SourceMedia Bond Buyer | 02/06/25 03:12 PM EST

    The ratings agency cited weaker than expected financial performance in fiscal 2024 and a slow anticipated recovery in coming years.

  4. SoCal Edison gets negative outlook from S&P amid wildfires
    SourceMedia Bond Buyer | 02/04/25 01:13 PM EST

    S&P Global Ratings revised the outlook on Southern California Edison and its parent company citing the potential depletion of the state's bond wildfire fund.

  5. KBRA downgrades Chicago's GO bonds to A-minus
    SourceMedia Bond Buyer | 01/27/25 06:57 AM EST

    Kroll Bond Rating Agency downgraded Chicago's general obligation bonds to A-minus from A, citing high fixed costs and one-time fixes. The outlook is negative.

  6. Louisiana, with bond plans, will seek Fitch upgrade
    SourceMedia Bond Buyer | 01/16/25 04:24 PM EST

    The state will try to convince the rating agency to lift its debt to AA, to match the rating others have assigned.

  7. North Carolina approves nearly $1 billion of financings
    SourceMedia Bond Buyer | 01/08/25 05:01 PM EST

    The largest issuance the Local Government Commission approved was $387 million of bonds for Mecklenburg County.

  8. Affordable housing developer's deal a municipal market first
    SourceMedia Bond Buyer | 01/03/25 08:00 AM EST

    BRIDGE Housing Corp. is the first to publicly offer tax-exempt bonds to finance construction of a new development, a 224-unit project in Portland, Oregon.

  9. San Francisco loses second triple-A rating
    SourceMedia Bond Buyer | 12/23/24 02:55 PM EST

    S&P Global Ratings downgraded San Francisco's debt a notch to AA-plus from AAA citing weakened economic trends and deficit spending. Moody's Ratings lowered it's rating a notch to Aa1 in October.

  10. Hartsfield-Jackson Atlanta airport raised to AA by S&P
    SourceMedia Bond Buyer | 12/23/24 12:44 PM EST

    The ratings agency cited strong and growing activity and favorable economic trends in the region.

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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