News Results

  1. AM Best Downgrades Credit Ratings of Summit Insurance Company Limited
    Business Wire | 04/10/26 01:54 PM EDT

    AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Summit Insurance Company Limited. The ratings reflect Summit?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.

  2. AM Best Assigns Credit Ratings to North American Fire & General Insurance Company Limited and North American Life Insurance Company Limited
    Business Wire | 04/10/26 01:04 PM EDT

    AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to North American Fire & General Insurance Company Limited and North American Life Insurance Company Limited.

  3. Market Chatter: Berkshire Hathaway Sells $1.71 Billion Worth of Yen-Denominated Bonds
    MT Newswires | 04/10/26 08:55 AM EDT

    Berkshire Hathaway (BRK/A) sold 272.3 billion Japanese yen worth of yen-denominated bonds, the first such deal since Warren Buffett retired as chief executive officer, Bloomberg said in an updated report Friday. The offering consisted of six tranches and included maturities ranging from three to 30 years, the report said. The company has increased its investments in Japan, the report said.

  4. CoreWeave Prices Upsized $3.5 Billion Convertible Senior Notes Offering
    Business Wire | 04/10/26 08:00 AM EDT

    CoreWeave, Inc. (CRWV) announced today the pricing of its private offering of $3.5 billion aggregate principal amount of its 1.75% convertible senior notes due 2032.

  5. JD.com Closes Chinese Renminbi-Denominated Debt Offering
    MT Newswires | 04/10/26 07:26 AM EDT

    JD.com (JD) said Friday it closed its offering of 10 billion Chinese renminbi of senior unsecured notes. The offering comprised 7.5 billion renminbi of 2.05% notes due 2031 and 2.5 billion renminbi of 2.75% notes due 2036. The company said it plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.

  6. JD.com Announces Completion of CNY10 Billion Offering of CNY-denominated Senior Notes
    GlobeNewswire | 04/10/26 07:00 AM EDT

    JD.com, Inc. (JD) (NASDAQ: JD and HKEX: 9618 and 89618, the ?Company? or ?JD.com?) (), a leading supply chain-based technology and service provider, today announced the completion of its offering of CNY10 billion aggregate principal amount of CNY-denominated senior unsecured notes. The Notes Offering consists of CNY7.5 billion of 2.05% notes due 2031 and CNY2.5 billion of 2.75% notes due 2036.

  7. Fitch cuts FS KKR Capital rating to junk territory as asset quality weakens
    Reuters | 04/09/26 06:38 PM EDT

    Fitch Ratings on Thursday downgraded its rating on a private credit fund jointly run by Future Standard and KKR to junk territory, citing continued deterioration in its asset quality. The U.S. private credit industry is staring at a period of higher borrower defaults, as AI disrupts software ?companies, which account for a major chunk of the sector's portfolios.

  8. Fitch cuts FS KKR Capital rating to junk territory as asset quality weakens
    Reuters | 04/09/26 06:30 PM EDT

    Fitch Ratings on Thursday downgraded its rating on a private credit fund jointly run by Future Standard and KKR to junk territory, citing continued deterioration in its asset quality. The U.S. private credit industry is staring at a period of higher borrower defaults, as AI disrupts software ?companies, which account for a major chunk of the sector's portfolios.

  9. BRIEF-Fitch Affirms Blue Owl Capital Corporation Ii At 'Bbb-' Outlook Stable
    Reuters | 04/09/26 06:06 PM EDT

    Blue Owl Capital Corp (OBDC): * FITCH AFFIRMS BLUE OWL CAPITAL CORPORATION II AT 'BBB-'; OUTLOOK STABLE. * FITCH: BELIEVES BDCS TO CONTINUE TO FACE COMPETITIVE ENVIRONMENT, WEAKER EARNINGS & DIVIDEND COVERAGE METRICS, ASSET-QUALITY METRICS PRESSURE IN 2026 Source text: Further company coverage:

  10. BRIEF-Fitch Downgrades FS Kkr Capital Corp To 'BB+' Outlook Negative
    Reuters | 04/09/26 06:05 PM EDT

    KKR & Co Inc (KKR): * FITCH DOWNGRADES FS KKR CAPITAL CORP TO 'BB+'; OUTLOOK NEGATIVE. * FITCH: NEGATIVE OUTLOOK REFLECTS EXPECTATION THAT FSK'S ASSET-QUALITY ISSUES WILL PERSIST. * FITCH: DOWNGRADE OF FSK'S RATING REFLECTS CONTINUED DETERIORATION IN ITS ASSET QUALITY Source text: Further company coverage:

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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