News Results

  1. Analysis: Debt-laden Italy looks no less vulnerable as rates shoot higher
    Reuters | 07/21/22 03:41 AM EDT

    Debt-laden Italy finds itself in markets' crosshairs again, as a collapse in its national unity government coincides with the European Central Bank preparing to deliver its first interest rate rise in 11 years. Like other indebted euro zone countries, Italy has spent the past few years when cash was cheap and plentiful trying to reduce its vulnerability to rising rates and market panic.

  2. BRIEF-Pepsico Issues New $1.25 Billion 10-Year Green Bond
    Reuters | 07/20/22 05:04 PM EDT

    PepsiCo Inc (PEP): * PEPSICO ISSUES NEW $1.25 BILLION 10-YEAR GREEN BOND AS COMPANY ACCELERATES PEP+ TRANSFORMATION. * PepsiCo Inc (PEP)- WILL USE AN AMOUNT EQUIVALENT TO NET PROCEEDS FROM OFFERING TO FUND ELIGIBLE GREEN PROJECTS WHICH WILL FOCUS ON ITS PEP+ AGENDA Source text for Eikon: Further company coverage:

  3. Analysis-Debt-laden Italy looks no less vulnerable as rates shoot higher
    Reuters | 07/20/22 07:47 AM EDT

    Debt-laden Italy finds itself in markets' crosshairs again, as the prospect of a collapse in its national unity government coincides with the European Central Bank preparing to deliver its first interest rate rise in 11 years.

  4. BRIEF-South Jersey Industries Enters Into Note Purchase Agreement
    Reuters | 07/19/22 09:49 AM EDT

    South Jersey Industries Inc (SJI): * SOUTH JERSEY INDUSTRIES (SJI)- ON JULY 14, ENTERED INTO NOTE PURCHASE AGREEMENT THAT PROVIDES FOR CO TO ISSUE $400 MILLION SENIOR UNSECURED NOTES IN FOUR SERIES Further company coverage:

  5. Fitch revises Pakistan's outlook to negative; affirms at 'B-'
    Reuters | 07/18/22 11:48 PM EDT

    Ratings agency Fitch on Tuesday revised its outlook on Pakistan to negative from stable, citing deterioration in country's external liquidity position and financing conditions since early 2022. Fitch affirmed Pakistan's Long-Term Foreign-Currency Issuer Default Rating at 'B-'

  6. Fitch cuts China's property developer Guangzhou R&F to 'restricted default'
    Reuters | 07/18/22 07:44 AM EDT

    Fitch Ratings on Monday downgraded China's Guangzhou R&F Properties Co Ltd (GZUHF) and its unit R&F Properties to "restricted default", one notch above "default", after the property developer extended maturities for its offshore bonds.

  7. BRIEF-Moody's Upgrades Croatia's Ratings To BAA2 And Changes Outlook To Stable
    Reuters | 07/15/22 04:58 PM EDT

    * MOODY'S UPGRADES CROATIA'S RATINGS TO BAA2 AND CHANGES OUTLOOK TO STABLE, CONCLUDING REVIEW FOR UPGRADE. * MOODY'S ON CROATIA SAYS UPGRADE OF RATINGS TO BAA2 DRIVEN BY ADOPTION OF LEGAL ACTS FORMALIZING CROATIA'S ADOPTION OF EURO BY THE EU ECOFIN.

  8. BRIEF-Fitch Ratings Says Fed Pivot Heightens Challenges Facing EMs As Downgrades Mount
    Reuters | 07/15/22 05:20 AM EDT

    * FITCH RATINGS: FED PIVOT HEIGHTENS CHALLENGES FACING EMS AS DOWNGRADES MOUNT Source text for Eikon:

  9. BRIEF-Capital Product Partners Reports Offering Of Senior Unsecured Bonds On Athens Exchange
    Reuters | 07/14/22 04:16 PM EDT

    Capital Product Partners LP (CPLP): * CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES OFFERING OF SENIOR UNSECURED BONDS ON THE ATHENS EXCHANGE. * Capital Product Partners LP (CPLP) - UNIT PLANS TO OFFER IN GREECE UP TO EUR 100 MILLION OF UNSECURED BONDS Source text for Eikon: Further company coverage:

  10. Fitch downgrades Naftogaz to 'C' on distressed debt exchange
    Reuters | 07/14/22 02:26 PM EDT

    Fitch Ratings on Thursday downgraded Ukraine's state-owned energy firm Naftogaz's long-term Issuer Default Rating to 'C' from 'CCC' following its consent solicitation to defer its debt servicing of Eurobonds. Creditors of Naftogaz have been urged to reject the company's request this week for a two-year debt payment freeze.

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.

fir_news_results