Asante Gold Corp (ASGOF): * ASANTE ANNOUNCES APPROVAL OF BASE SHELF PROSPECTUS FOR GHANAIAN BOND OFFERING UP TO US$400 MILLION. * Asante Gold Corp (ASGOF) - GHANA BOND OFFERING TO BE MADE IN GHANAIAN CEDIS, INDEXED TO USD/GHS Source text for Eikon: Further company coverage:
* FITCH: U.S. BANKS IMPROVE IRR MANAGEMENT; WELL-POSITIONED FOR ANTICIPATED RATE CUTS. * FITCH ON U.S. BANKS: SHORTER ASSET DURATIONS WILL LEAD TO FASTER REPRICING OF FIXED-RATE ASSETS, POTENTIALLY INCREASING NET INTEREST INCOME VOLATILITY.
Moody's: * MOODY'S RATINGS UPGRADES COSTA RICA'S RATINGS TO BA3, MAINTAINS POSITIVE OUTLOOK. * MOODY'S: UPGRADE DRIVEN BY ASSESSMENT OF COSTA RICA'S STRENGTHENED FISCAL PROFILE BENEFITTING FROM IMPROVEMENT IN DEBT AFFORDABILITY. * MOODY'S: COSTA RICA'S GOVERNMENT LIQUIDITY HAS MATERIALLY IMPROVED WITH TREASURY DEPOSITS REPORTING CONSISTENTLY HIGHER LEVELS THAN IN PAST.
Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES UPSIZING AND PRICING OF $1.5 BILLION OFFERING OF SENIOR UNSECURED NOTES TO REFINANCE EXISTING INDEBTEDNESS. * Royal Caribbean Cruises Ltd (RCL) - PRICES $1.5 BILLION OF 5.625% SENIOR UNSECURED NOTES DUE 2031 Source text for Eikon: Further company coverage:
Fitch: * FITCH UPGRADES TUNISIA TO 'CCC+' * FITCH ON TUNISIA: UPGRADE REFLECTS INCREASED CONFIDENCE IN GOVERNMENT'S ABILITY TO MEET ITS LARGE FISCAL FINANCING NEEDS. * FITCH ON TUNISIA: PERSISTENT EXTERNAL SUPPORT, FALLING EXTERNAL AMORTISATIONS, SHOULD ALLOW TUNISIA TO BALANCE ITS NET EXTERNAL FINANCING BY 2026. * FITCH: BELIEVE DOMESTIC BANKING SECTOR COULD HELP MEET TUNISIA'S FINANCING NEEDS.
Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES TO REFINANCE EXISTING INDEBTEDNESS. * Royal Caribbean Cruises Ltd (RCL) - COMMENCES PRIVATE OFFERING OF $1 BILLION SENIOR UNSECURED NOTES DUE 2031. * Royal Caribbean Cruises Ltd (RCL) - PROCEEDS TO REPAY SILVER DAWN FINANCE LEASE OBLIGATIONS.
* MOODY'S RATINGS CHANGES GREECE'S OUTLOOK TO POSITIVE FROM STABLE, AFFIRMS BA1 RATINGS. * MOODY'S ON GREECE:OUTLOOK CHANGE TO POSITIVE REFLECTS AN INCREASED LIKELIHOOD OF SUSTAINED STRENGTHENING IN BANKING SECTOR HEALTH. * MOODY'S ON GREECE SAYS SEE UPSIDE RISKS TO FISCAL PERFORMANCE Source text for Eikon: Further company coverage: [ ]
* S&P SAYS TOGO OUTLOOK REVISED TO POSITIVE ON PROSPECT OF IMPROVED BUDGETARY AND EXTERNAL POSITIONS; 'B/B' RATINGS AFFIRMED. * S&P: OUTLOOK REVISION REFLECTS OUR VIEW THAT TOGO'S ECONOMIC GROWTH WILL REMAIN RESILIENT Source text for Eikon: Further company coverage: [ ]
* S&P SAYS SAUDI ARABIA OUTLOOK REVISED TO POSITIVE ON SUSTAINED REFORM MOMENTUM; 'A/A-1' RATINGS AFFIRMED. * S&P: POSITIVE OUTLOOK REFLECTS POTENTIAL THAT SAUDI ARABIA GOVERNMENT'S WIDE-RANGING REFORMS & INVESTMENTS TO UNDERPIN DEVELOPMENT OF NON-OIL ECONOMY.
Moody's: * MOODY'S RATINGS PLACES BOEING'S RATINGS ON REVIEW FOR DOWNGRADE. * MOODY'S ON BOEING: A PROLONGED STRIKE WOULD FRACTURE RECOVERY OF THE COMMERCIAL AIRPLANES BUSINESS, WHICH REMAINS IN ITS EARLY STAGES. * MOODY'S ON BOEING: BELIEVE PRODUCTION OF 737 MAX NARROWBODY INCREASED TO NEAR 30 PER MONTH FOR JULY & AUGUST.
- Fitch and Moody's on Friday joined S&P Global Ratings in warning that a prolonged strike at Boeing's (BA) factories in U.S. West Coast may lead to a ratings downgrade, a headache for the planemaker that is saddled with massive debt. "If the current strike lasts a week or two, it is unlikely to pressure the rating.
Fitch and Moody's on Friday joined S&P Global Ratings in warning that a prolonged strike at Boeing's (BA) factories in U.S. West Coast may lead to a ratings downgrade, a headache for the planemaker that is saddled with massive debt. "If the current strike lasts a week or two, it is unlikely to pressure the rating.
* FITCH RATINGS: PROLONGED BOEING STRIKE COULD POSE DOWNGRADE RISK. * FITCH ON BOEING SAYS EXTENDED STRIKE COULD HAVE MEANINGFUL OPERATIONAL & FINANCIAL IMPACT, INCREASING RISK OF DOWNGRADE. * FITCH ON BOEING: BOEING MANAGEMENT WOULD LIKELY NEED TO ACCESS NEW LIQUIDITY SOURCES IN AN EXTENDED STRIKE SCENARIO TO ADHERE TO ITS CASH TARGETS.
U.S. Treasury yields rose on Thursday as economic data did not upend expectations the Federal Reserve will begin a gradual decrease in interest rates next week, and as the European Central Bank cut rates but gave little clarity on future easing. U.S. producer prices increased slightly more than expected in August, but the trend remained consistent with subsiding inflation.
U.S. Treasury yields were roughly unchanged on Thursday after economic data cemented investor expectations the Federal Reserve will begin a gradual decrease in interest rates next week. U.S. producer prices increased slightly more than expected in August, but the trend remained consistent with subsiding inflation.
Doman Building Materials Group Ltd (CWXZF) : * Doman Building Materials Group Ltd (CWXZF). ANNOUNCES OFFERING AND PRICING OF $265 MILLION SENIOR NOTES. * Doman Building Materials Group Ltd (CWXZF) - TO SELL $265 MILLION AGGREGATE PRINCIPAL AMOUNT OF 7.50% SENIOR UNSECURED NOTES DUE 2029 Source text for Eikon: Further company coverage:
UBS Asset Management has been selling corporate bonds in its global portfolios during market rallies, a senior fund manager said, citing concerns that a slowing economy or the looming U.S. election could spark volatility and wipe out returns.
WSP Global Inc (WSPOF): * WSP ANNOUNCES PRIVATE OFFERING OF $1 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES Source text for Eikon: Further company coverage:
American Assets Trust Inc (AAT): * AMERICAN ASSETS TRUST, INC. ANNOUNCES PRICING OF $525 MILLION OF 6.150% SENIOR UNSECURED NOTES DUE 2034 Source text for Eikon: Further company coverage:
* FITCH RATINGS: PERU UNLIKELY TO MEET ITS REVISED 2024 FISCAL DEFICIT TARGET. * FITCH ON PERU: EXPECT FISCAL REVENUES TO RISE ON REBOUNDING GROWTH & SUPPORTIVE COPPER PRICES, BUT DO NOT FORESEE SPENDING CUTS TO MEET FISCAL TARGETS.
Phillips Edison & Co Inc (PECO): * PHILLIPS EDISON (PECO) & COMPANY ANNOUNCES PRICING OF OFFERING OF $350 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.950% SENIOR UNSECURED NOTES DUE 2035. * Phillips Edison & Co Inc (PECO) - NOTES PRICED AT 98.458% OF PRINCIPAL AMOUNT, MATURING JAN 15, 2035 Source text for Eikon: Further company coverage:
National Storage Affiliates Trust (NSA) : * NATIONAL STORAGE AFFILIATES TRUST ANNOUNCES ISSUANCE OF $350 MILLION OF SENIOR UNSECURED NOTES Source text for Eikon: Further company coverage:
MOODY'S- * MOODY'S ON KAZAKHSTAN SAYS SIGNIFICANT DETERIORATION IN REGIONAL GEOPOLITICS AND POTENTIAL FOR SECONDARY SANCTIONS CONTINUE TO BE KEY RISKS. * MOODY'S: ENHANCEMENT TO INSTITUTIONAL & POLICY FRAMEWORK, ECONOMIC DIVERSIFICATION AWAY FROM HYDROCARBONS TO ENHANCE KAZAKHSTAN'S RESILIENCE TO SHOCK. * MOODY'S: EXPECT KAZAKHSTAN'S ECONOMIC & DIVERSIFICATION PROSPECTS TO REMAIN STRONG.
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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