News Results

  1. KBRA Assigns AA- Rating to the City of Lansing, MI Capital Improvement and Refunding Bonds, Series 2023B; Outlook is Stable
    Business Wire | 06/01/23 06:38 PM EDT

    KBRA assigns a long-term rating of AA- to the City of Lansing, Michigan Capital Improvement and Refunding Bonds, Series 2023B. Key Credit Considerations The rating reflects the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.

  2. Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
    Business Wire | 06/01/23 04:30 PM EDT

    Certain BlackRock closed-end funds announced distributions today as detailed below. BlackRock Floating Rate Income Trust (BGT), BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) and BlackRock Debt Strategies Fund, Inc. (DSU) announced increases to their monthly distributions, and BlackRock Taxable Municipal Bond Trust (BBN) announced a decrease to its monthly distribution.

  3. AM Best Assigns Credit Ratings to GEICO Texas County Mutual Insurance Company
    Business Wire | 06/01/23 09:56 AM EDT

    AM Best has assigned a Financial Strength Rating of A++ and a Long-Term Issuer Credit Rating of ?aaa? to GEICO Texas County Mutual Insurance Company.

  4. Conning Announces New Head of North America and Other Key Promotions
    Business Wire | 05/31/23 10:00 AM EDT

    New Assignments Reflect Conning?s Deep Talent Bench and Commitment to Developing and Advancing Existing Leadership Global investment management firm Conning today announced that Matt Daly, currently head of the corporate and municipal bond teams at the firm, will become Head of Conning North America effective September 30, 2023.

  5. BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
    Business Wire | 05/30/23 04:40 PM EDT

    BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.

  6. Investortools Adds ICE?s Streaming Evaluated Bond Prices to the Investortools Dealer Network in Perform
    Business Wire | 05/24/23 08:30 AM EDT

    Includes access to ICE?s Liquidity Indicators? and Best Execution services Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today announced that its streaming Continuous Evaluated Pricing for fixed income securities will now be available on the Investortool?s Dealer Network in Perform, offering institutional investors and private wealth ...

  7. U. S. Steel Closes on $240 Million Financing to Support Big River 2
    Business Wire | 05/18/23 04:07 PM EDT

    United States Steel Corporation (X) today announced the closing of $240 million unsecured Arkansas Development Finance Authority environmental improvement revenue bonds, which carry a green bond designation. The Green Bonds, issued through Arkansas Development Finance Authority, have a coupon rate of 5.70% and carry a final maturity of 2053.

  8. KBRA Releases Rating Report for City of New York, NY General Obligation Bonds
    Business Wire | 05/17/23 12:38 PM EDT

    On May 16, 2023, KBRA assigned a long-term rating of AA+ with a Stable Outlook to The City of New York?s General Obligation Bonds, Fiscal 2023 Series F, Fiscal 2023 Series G and Fiscal 2023 Series 1. Concurrently, KBRA affirms the AA+ rating and Stable Outlook on the City?s outstanding General Obligation Bonds. To access ratings and relevant documents, click here. Click here to view the report.

  9. KBRA Releases Rating Report for City of Pflugerville, TX Combination Tax and Limited Revenue Certificates of Obligation, Series 2023
    Business Wire | 05/17/23 09:56 AM EDT

    On May 15, 2023, KBRA assigned a long-term rating of AA+ to the City of Pflugerville, Texas Combination Tax and Limited Revenue Certificates of Obligation, Series 2023. To access ratings and relevant documents, click here. Click here to view the report.

  10. KBRA Releases Report Assigning AA+, Stable Outlook to State of Wisconsin COPs and K1+ to G.O. Extendible Municipal Commercial Paper Notes
    Business Wire | 05/12/23 04:00 PM EDT

    On May 11, 2023, KBRA assigned a AA+ rating, with a Stable Outlook to the State of Wisconsin?s Master Lease Certificates of Participation of 2023, Series A and a K1+ to the State?s General Obligation Extendible Municipal Commercial Paper Program Notes. To access ratings and relevant documents, click here. Click here to view the 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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