AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued CAD 400 million, 4.4% senior unsecured notes, due February 2036, of Fairfax Financial Holdings Limited (FRFHF) [TSX: FFH]. The outlook assigned to this Credit Rating is stable. The Long-Term Issuer Credit Rating of Fairfax, as well as the ratings of its operating subsidiaries and all other debt issuances, are unchanged.
AM Best assigned the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? to Redbridge Insurance Company. The Credit Ratings assigned to RIC reflect its reinsurance agreement with RICL.
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 Seguros Universales, S.A.. The Credit Ratings reflect Universales? balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk manag...
Securitization is Backed by Trust Preferred Securities, Subordinated Debt, Senior Unsecured Notes, and Surplus Notes EJF Capital LP today announced the closing of TruPS Financials Note Securitization 2026-1, an approximately $305 million securitization backed by trust preferred securities, subordinated debt, senior unsecured notes, and surplus notes issued by U.S. community banks and insurance ...
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 ICICI Lombard General Insurance Company Limited.
AM Best affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of RSUI Indemnity Company and its reinsured subsidiaries, collectively referred to as RSUI Group.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the newly issued $1 billion, 5.85% subordinated debentures, due March 15, 2056, issued by MetLife, Inc. [NYSE: MET]. The outlook assigned to this Credit Rating is stable. The proceeds from this debt issuance are expected to be used to cover general business purposes.
Matador Resources Company (MTDR) today announced that it has priced a private offering of $750 million of 6.000% senior unsecured notes due 2034 at a price of 100% of their face value.
Expected to provide over $500 million in financing capacity over its life. Avant, a leading financial technology company, today announced the successful close of its latest personal loan securitization, a $200 million transaction that marks its first-ever deal to receive AAA ratings from both Fitch Ratings and Kroll Bond Rating Agency.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Primerica Life Insurance Company and its affiliates, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada, collectively referred to as Primerica Group.
Launch of State Street? MyIncome High Yield Corporate Bond ETFs Enhances Bond Laddering Toolkit for Investors State Street Investment Management announced today the launch of five actively managed target maturity high yield corporate bond ETFs.
Matador Resources Company (MTDR) today announced that it has commenced a cash tender offer to purchase any and all of the $500 million outstanding aggregate principal amount of its 6.875% senior notes due 2028 with a portion of the net proceeds from Matador?s concurrent private placement of $750 million in aggregate principal amount of senior unsecured notes due 2034, which was also announced today by...
Matador Resources Company (MTDR) today announced that, subject to market conditions, it intends to offer $750 million of senior unsecured notes due 2034 in a private placement to eligible purchasers.
Reinsurance Group of America, Incorporated (RGA) announced today that it has priced an aggregate principal amount of $400,000,000 of 6.375% Fixed-Rate Reset Subordinated Debentures due 2056 pursuant to an underwritten registered public offering. RGA expects to use the net proceeds from the Offering for general corporate purposes, which may include refinancing debt obligations.
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Rating to ?a? from ?aa-? of Travelers Insurance Company of Canada. In addition, AM Best has affirmed the FSR of A and the Long-Term ICR of ?a? of Definity Insurance Company.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? for the members of Mercury Casualty Group.
CenterPoint Energy, Inc. (CNP) or ?CenterPoint? today announced the pricing of its offering of $600 million aggregate principal amount of its 2.875% Convertible Senior Notes due 2029 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Upgrades reflect strengthened balance sheet, improved liquidity profile, and disciplined execution against its financial and strategic priorities Lumen Technologies (LUMN) today announced that it has received upgraded ratings from all three major global ratings agencies ? Fitch Ratings, Moody?s Investor Service, and S&P Global ? marking a significant milestone in the company?s multi-year financial and...
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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