AM Best has downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to ?a+? from ?aa-? of The Lincoln National Life Insurance Company and its wholly owned subsidiary, Lincoln Life & Annuity Company of New York. Additionally, AM Best has downgraded the Long-Term ICR to ?bbb+? from ?a-? of LNC.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of ZhongAn Online P&C Insurance Co., Ltd.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the pooled members of Selective Insurance Group (SIGI). The ratings reflect Selective?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
Zoetis Inc. (ZTS) today announced that it has agreed to sell $1.35 billion of senior notes, consisting of $600 million aggregate principal amount of 5.400% senior notes due 2025 and $750 million aggregate principal amount of 5.600% senior notes due 2032, in an underwritten public offering.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Peace Hills General Insurance Company. The ratings reflect Peace Hills? balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Nouveau Monde Graphite Inc. (NMG) announces it has closed its private placement announced on October 20, 2022 of unsecured convertible notes for aggregate gross proceeds of US$50 million in accordance with the subscription agreements entered into between the Company and each of Mitsui & Co., LTD, Pallinghurst Bond Limited and Investissement Qu?bec on October 19, 2022.
Humana Inc. (HUM) announced today that it has priced a public offering of $1.25 billion in aggregate principal amount of senior notes. The company expects net proceeds from the Senior Notes Offerings will be approximately $1.232 billion after deducting underwriters? discounts and estimated offering expenses.
Boston Properties, Inc. (BXP) , the largest publicly traded developer, owner and manager of premier workplaces in the United States, announced today that its operating partnership, Boston Properties Limited Partnership, has agreed to sell $750 million of 6.750% senior unsecured notes due 2027 in an underwritten public offering through BofA Securities, Inc., J.P. Morgan Securities LLC, U.S. Bancorp In...
HAMILTON, Bermuda---- Assured Guaranty Ltd. (AGO) announced today its financial results for the three-month period ended September 30, 2022. ?Assured Guaranty (AGO) performed well during the third quarter of 2022. ?In U.S. public finance, we saw strong demand for Assured Guaranty?s secondary market bond insurance where we wrote more insured par than in any first nine-month period of the last decade.
The Framework enables State Street to fund Green and Social projects that will directly support State Street?s broader ESG strategy State Street Corporation (STT) today announced that it has issued $1 billion of senior unsecured bonds, including an inaugural $500 million bond issued under its Sustainability Bond Framework which enables the issuance of Green, Social, and Sustainability Bonds.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Seguros e Inversiones, S.A. . The outlook of these Credit Ratings is stable. The ratings reflect SISA?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.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued $500 million, 5.459%, 10 year senior unsecured medium term notes issued by Intact Financial Corporation. IFC intends to use the net proceeds from this issuance to repay at maturity the entire outstanding aggregate principal amount of Intact U.S. Holdings Inc.'s 4.6% senior unsecured notes due November 2022.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a? of KB Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect KBI?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has upgraded the Long-Term Issue Credit Rating to ?a? from ?bbb+? on the $4,695,000 Class B 10.00% Fixed Rate Asset Backed Notes, Series 2008-3, issued by 321 Henderson Receivables V LLC, a special purpose Nevada limited liability company.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of FHM Insurance Company. The Credit Ratings reflect FHM?s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of RiverSource Life Insurance Company and its wholly owned subsidiary, RiverSource Life Insurance Co. of New York.
AM Best has affirmed the Financial Strength Rating of B+ and Long-Term Issuer Credit Rating of ?bbb-? of SNIC Insurance B.S.C.. The outlook of these Credit Ratings is stable. The ratings reflect SNIC?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
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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