Humana Inc. (HUM) announced today the completion of its 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 $1.211 billion after deducting underwriters? discounts and estimated offering expenses.
NOTICE OF POTENTIAL BOND ISSUANCE. The Village Community Development District No. 15 is considering the issuance of approximately $140 million* of tax-exempt fixed-rate Special Assessment Revenue Bonds, Series 2023.
Liberty Media Corporation (LSXMA) announced today that it has closed its previously announced private offering of $575 million aggregate principal amount of its 3.75% convertible senior notes due 2028, including notes with an aggregate principal amount of $75 million issued pursuant to the exercise of an option granted to the initial purchasers, which was exercised in full.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Rating of ?aa+? of Berkshire Hathaway Life Insurance Company of Nebraska. The ratings of BHLN reflect its 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.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of AXA Mansard Insurance Plc. The ratings reflect AXA Mansard?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Following extensive pilot, Accurate Group is one of only six providers approved by Fannie Mae Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced they are one of six service providers approved after extensive review and client testing by Fannie Mae for the new Value Acceptance + Property Data valuation mod...
Elevated mortgage rates, along with prices that remain high?despite posting a 1% annual drop?pushed monthly housing payments to a record high of nearly $2,600 ?The typical homebuyer?s monthly payment hit a new all-time high of $2,563 this week, up 29% from $1,988 a year ago, according to a new report from Redfin, the technology-powered real estate brokerage.
AM Best has downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to ?a+? from ?aa-? of SCOR SE and its main operating subsidiaries. The ratings reflect SCOR?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, very favourable business profile and appropriate enterprise risk management.
KBRA assigns preliminary ratings to 62 classes from Connecticut Avenue Securities, Series 2023-R03, a credit risk sharing transaction with a total note offering of $542,082,000. The Reference Pool consists of 113,917 residential mortgage loans with an outstanding principal balance of approximately $38.5 billion as of the cut-off date.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Compagnie Commune de R?assurance des Etats Membres de la CIMA. The ratings reflect CICA-RE?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently announced $750 million, 5.15% 10-year senior unsecured notes, due May 15, 2033, issued by Ameriprise Financial, Inc. (AMP) [NYSE: AMP]. The outlook assigned to the Credit Rating is stable.
Israeli Credit Rating Agency Midroog Raises Rating on Series A and F Bonds, Citing Ongoing Improvement in the Company?s Financial Position Delta Galil Industries, Ltd., the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today announced that Israeli credit rating agency Midroog, a subsidiary of Moody?s...
BRUSSELS---- Swift today announced further progress on its experimental solution for interlinking Central Bank Digital Currencies, reporting that 18 central and commercial banks found ?clear potential and value? in the API-based CBDC connector after a comprehensive review.
AM Best has issued a correction to the previously published Long-Term Issue Credit Rating of ?bbb? to the EUR 500 million 4.625% senior unsecured notes, due 2030. This press release relates to Credit Ratings that have been published on AM Best?s website. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
Johnson & Johnson (JNJ) today announced that Kenvue Inc., a wholly owned subsidiary of Johnson & Johnson (JNJ), priced an offering of the following series of senior unsecured notes in an aggregate principal amount of $7.75 billion: The Notes will be senior unsecured obligations of Kenvue and will initially be fully and unconditionally guaranteed on a senior unsecured basis by Johnson & Johnson.
Net Proceeds will be Allocated Toward a Portfolio of Eligible Green Investments in Support of Eastman?s Sustainability Goals Eastman Chemical Company (EMN) today announced that it has closed its offering of $500 million principal amount of 5.750% Senior Unsecured Notes due 2033, which is the first investment grade USD-denominated senior unsecured green bond offering by a U.S. issuer in the chemical s...
AM Best has affirmed the Financial Strength Rating of B, the Long-Term Issuer Credit Rating of ?bb? and the Mexico National Scale Rating of ?a.MX? of Armour Secure Insurance S.A. de C.V.. The outlook of the FSR is stable, while the outlook of the Long-Term ICR and NSR is positive.
AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Genesis Global Insurance Ltd.. The outlook assigned to these Credit Rating is stable.
AM Best has affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa?, and the Mexico National Scale Rating of ?aaa.MX? of Allianz M?xico, S.A., Compa??a de Seguros.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Allianz SE and its rated subsidiaries. The ratings reflect Allianz?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of ?a-? of WellPoint Insurance Services, Inc.. The outlook for these Credit Ratings is stable. The ratings reflect WISI?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
On March 3, 2023 KBRA assigned a long-term rating of AAA with a Stable Outlook for the Massachusetts Bay Transportation Authority: Senior Sales Tax Bonds, 2023 Series A, Subseries A-1; Senior Sales Tax Bonds, 2023 Series A, Subseries A-2; and outstanding parity fixed rate Senior Sales Tax Bonds. To access ratings and relevant documents, click here. Click here to view the report.
Not for distribution to U.S. news wire services or dissemination in the United States. Chemtrade Logistics Income Fund announced today that it has completed its previously-announced public offering of $100 million principal amount of 7.00% convertible unsecured subordinated debentures due June 30, 2028.
Liberty Media Corporation (LSXMA) announced today that it has priced and agreed to sell to initial purchasers in a private offering $500 million aggregate principal amount of 3.75% convertible senior notes due 2028. The Notes will be convertible into shares of Liberty?s Series A Liberty SiriusXM common stock, which may be settled at Liberty?s election in LSXMA, cash or a combination thereof.
Rivian Automotive, Inc. (RIVN) today announced the pricing of its offering of $1,300,000,000 aggregate principal amount of 4.625% green convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb? of State Auto Financial Corporation. The ratings affirmation reflects State Auto?s status as a downstream holding company in the Liberty Mutual hierarchy, though currently there is no debt maintained at this entity. This press release relates to Credit Ratings that have been published on AM Best?s website.
As inflation and rising interest rates drive more consumers to seek credit, outstanding credit card debt has reached a record high of $986 billion, according to the Federal Reserve Bank of New York.
On March 6, 2023 KBRA assigned a long-term rating of AA to the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds, 2023 Series A and affirmed the long-term rating of AA on the outstanding parity bonds. To access ratings and relevant documents, click here. Click here to view the report.
VF Corporation (VFC), a global leader in branded lifestyle apparel, footwear and accessories, announced the closing of a ?500 million green bond offering, representing its second green bond issued; the inaugural green bond was issued in 2020.
In contrast to last quarter, ongoing uncertainty about the trajectory of the U.S. economy has not dampened many Americans? optimism about their financial futures despite rising interest rates, persistent inflation, and stock market volatility according to this quarter?s Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company.
Liberty Media Corporation (LSXMA) announced today that it intends to offer $500 million aggregate principal amount of convertible senior notes in a private offering. The Notes will be convertible into shares of Liberty?s Series A Liberty SiriusXM common stock, which may be settled at Liberty?s election in LSXMA, cash or a combination thereof.
Avery Dennison Corporation (AVY) announced today that it has priced an underwritten public offering of $400 million aggregate principal amount of 5.750% Senior Notes due 2033.
On March 3, 2023, KBRA assigned a long-term of AAA rating with a Stable Outlook to the Transportation Revenue Bonds, 2023 Series A and Transportation Revenue Refunding Bonds, 2023 Series 1 and 2024 Series 1 to be issued by the State of Wisconsin. To access ratings and relevant documents, click here. Click here to view the report.
Rivian Automotive, Inc. (RIVN) today announced its intention to offer, subject to market and other conditions, $1,300,000,000 aggregate principal amount of green convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
In implementation of the directives from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince and Prime Minister, Mohammed bin Salman Al Saud, KSA Minister of Tourism and Chairman of the Saudi Fund for Development Board of Directors, H.E. Mr. Ahmed Aqeel Al-Khateeb, signed an agreement with the Governor of the Central Bank of the Republic o...
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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