News Results

  1. KBRA Releases Report Assigning AA+ Rating to the City of New York?s General Obligation Bonds Fiscal 2022 Series D (Subseries D-1 and Subseries D-2); Outlook is Stable
    Business Wire | 05/13/22 04:45 PM EDT

    On May 12, 2022, KBRA assigned the long-term rating of AA+ with a Stable Outlook to the City of New York?s General Obligation Bonds Fiscal 2022 Series D. Additionally, KBRA affirmed the long-term rating of AA+ with a Stable Outlook to the City?s outstanding General Obligation Bonds. Click here to view the report.

  2. AM Best Downgrades Issuer Credit Rating of Republic Insurance Company (Cayman) Limited
    Business Wire | 05/13/22 03:00 PM EDT

    AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Republic Insurance Company Limited. The Credit Ratings reflect Republic Insurance?s balance sheet strength, which AM Best assesses as very strong as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

  3. AM Best Affirms Credit Ratings of Insurance Corporation of Barbados Limited
    Business Wire | 05/13/22 02:12 PM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Insurance Corporation of Barbados Limited. The ratings reflect ICBL?s balance sheet strength, which AM Best assesses as strongest as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

  4. AM Best Affirms Credit Ratings of Century Insurance Company (Guam) Limited
    Business Wire | 05/13/22 10:56 AM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Century Insurance Company Limited. The ratings reflect CIC Guam?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

  5. Home Bank and FHLB Dallas to Help Fund Revival of Historic Louisiana Property
    Business Wire | 05/13/22 10:07 AM EDT

    Banks Provide a $750K Subsidy to Transform Franklin Foundation Hospital into Senior Living Home Bank and the Federal Home Loan Bank of Dallas awarded a $750,000 Affordable Housing Program subsidy to New Orleans Restoration Properties to help renovate the former Franklin Foundation Hospital into a $25.7 million affordable senior living community in Franklin, Louisiana.

  6. Security Benefit Adds An ?A? Financial Strength Rating
    Business Wire | 05/13/22 09:02 AM EDT

    DBRS Morningstar notes strong financials, an effective brand, and prudent capital positioning Security Benefit, a leader in the U.S. retirement market, today announced that DBRS Morningstar has assigned a Financial Strength Rating of ?A? to Security Benefit Life Insurance Company* and First Security Benefit Life Insurance & Annuity Company of New York.

  7. AM Best Assigns Issue Credit Rating to Ameriprise Financial, Inc.?s New Senior Unsecured Notes
    Business Wire | 05/13/22 08:55 AM EDT

    AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently announced $500 million, 4.5% 10-year senior unsecured notes, due May 13, 2032, issued by Ameriprise Financial, Inc. (AMP) [NYSE: AMP]. The outlook assigned to the Credit Rating is stable. The proceeds from this debt issuance are expected to be used for general corporate purposes.

  8. Intercontinental Exchange Prices $8 Billion in Senior Notes and Issues Notices of Redemption for Four Series of Senior Notes due 2022 and 2023
    Business Wire | 05/12/22 07:36 PM EDT

    Intercontinental Exchange (ICE), a leading global provider of data, technology and market infrastructure, announced today that it priced an underwritten public offering of $8 billion in new senior notes.

  9. KBRA Releases Report Assigning A+, Stable Outlook to Greater Asheville Regional Airport Authority Airport System Revenue Bonds Series 2022A
    Business Wire | 05/12/22 04:50 PM EDT

    On May 11, 2022, KBRA assigned a long-term rating of A+ with a Stable Outlook to the Greater Asheville Regional Airport Authority Airport System Revenue Bonds Series 2022A. Click here to view the report.

  10. AM Best Affirms Credit Ratings of Reunion Re Compa?ia de Reaseguros S.A.
    Business Wire | 05/12/22 02:30 PM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Reunion Re Compa?ia de Reaseguros S.A.. The outlook of these Credit Ratings is negative.

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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