News Results

  1. Genesis Energy, L.P. Announces Public Offering of Senior Notes
    Business Wire | 12/05/24 09:14 AM EST

    Genesis Energy, L.P. (GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $400,000,000 in aggregate principal amount of senior notes due 2033. Wells Fargo Securities, LLC is leading the offering along with several joint book-running managers and co-managers.

  2. MarketAxess Expands AI-Powered Pricing Engine to Cover Municipal Bonds
    Business Wire | 12/05/24 08:30 AM EST

    CP+? real-time pricing now available on the fastest growing electronic muni marketplace MarketAxess Holdings Inc. (MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that CP+, the AI-powered, algorithmic pricing engine for global credit and rates markets, will now also cover municipal bonds.

  3. Holley Performance Brands' Enhanced Operational Performance and Recent Credit Upgrades Have Enabled an Amendment to the Revolving Credit Facility, Creating a Covenant-Lite Capital Structure
    Business Wire | 12/05/24 08:00 AM EST

    Proactively Enters into an Amendment which Provides Improved Financial Flexibility Holley Performance Brands a leader in automotive aftermarket performance solutions, today announced the successful amendment of its senior secured revolving credit facility, effective December 4, 2024.

  4. AM Best Assigns Credit Ratings to Santam Limited
    Business Wire | 12/04/24 07:00 PM EST

    AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of ?a-? to Santam Limited. The ratings reflect Santam?s consolidated balance sheet strength, which AM Best assesses as strong, as well as the company?s strong operating performance, neutral business profile and appropriate enterprise risk management.

  5. Tapestry, Inc. Prices Senior Unsecured Notes Offering
    Business Wire | 12/04/24 05:50 PM EST

    Tapestry, Inc. (TPR) a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the pricing of its offering of $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035.

  6. AM Best Affirms Credit Ratings of Constellation Insurance, Inc. and Members of AuguStar Life Group and Its Subsidiary
    Business Wire | 12/04/24 04:52 PM EST

    AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of AuguStar Life Insurance Company and its wholly owned subsidiary, AuguStar Life Assurance Corporation.

  7. AM Best Affirms Credit Ratings of Insurance Corporation of Barbados Limited
    Business Wire | 12/04/24 04:51 PM EST

    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.

  8. KBRA Assigns K1+ Rating to Cobb County School District, GA's Short-Term Construction Notes, Series 2025; Affirms K1+ Rating for Series 2024 Construction Notes and AAA Rating for Implied G.O. Credit
    Business Wire | 12/04/24 04:01 PM EST

    KBRA assigns a short-term rating of K1+ to Cobb County School District, Georgia's Short-Term Construction Notes, Series 2025, due December 15, 2025. Additionally, KBRA affirms the short-term rating of K1+ on the District's Short-Term Construction Notes, Series 2024 due December 15, 2024, and the long-term rating of AAA with a Stable Outlook for the District's Implied General Obligation Credit.

  9. Federal Home Loan Bank of Dallas and Stellar Bank Award $85K in Grants to Three Houston-Based Community Organizations
    Business Wire | 12/04/24 03:07 PM EST

    Funds Help Nonprofits Ramp Up Education and Services. The Federal Home Loan Bank of Dallas and Stellar Bank awarded $85,000 in Partnership Grant Program funding to support three Houston, Texas-based community development organizations ? the Community Development Corporation of Freedmens Town, Houston Real Estate Association CDC and Credit Coalition. This press release features multimedia.

  10. AM Best Withdraws Issue Credit Ratings for American Equity Investment Life Holding Company
    Business Wire | 12/04/24 02:59 PM EST

    AM Best has withdrawn the Long-Term Issue Credit Ratings of ?bbb-? on $500 million, 5% senior unsecured notes, due 2027; ?bb? on $300 million, 6.625% perpetual, non-cumulative preferred stock; and ?bb? on $400 million, 5.95% perpetual, non-cumulative preferred stock of American Equity Investment Life Holding Company, as the company has requested to no longer participate in AM Best?s interactive...

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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