Inventrust Properties Corp (IVT): * Inventrust Properties Corp (IVT). ENTERS INTO A PRIVATE PLACEMENT OFFERING OF $250 MILLION SENIOR UNSECURED NOTES Source text: Further company coverage:
Fitch: * FITCH: LIMITED RATING IMPACT FROM KOSOVO'S POLITICAL CRISIS, BUT REFORM DELAYS POSSIBLE. * FITCH: FAILURE TO ELECT PRESIDENT IN KOSOVO COULD LEAD TO NEW PARLIAMENTARY ELECTIONS & MAINTAIN POLITICAL UNCERTAINTY. * FITCH: IT IS ALSO UNCLEAR IF ANY PARTY COULD WIN PARLIAMENTARY MAJORITY IN FRESH ELECTIONS IN KOSOVO.
* European earnings expected to be firm in first quarter. * Energy costs, supply chain disruptions among full year risks. * Energy companies seen performing well in quarter. * Consumer, luxury firms could suffer from inflation pressures. By Javi West Larra?aga and Ozan Ergenay.
Pls: * PLEASE PRICES US$600M SENIOR UNSECURED NOTES OFFERING. * NOTES PAY 6.875% INTEREST STARTING NOV 1, 2026, SEMIANNUALLY. * TO REDUCE REVOLVING CREDIT FACILITY TO A$500 MILLION AFTER NOTES OFFERING. * NOTES OFFERING SETTLEMENT EXPECTED IN NEW YORK ON APRIL 22, 2026. * INCREASES NOTES OFFERING TO US$600 MILLION FROM US$500 MILLION \Further company coverage:
S&P Global Ratings on Thursday lowered its issuer credit rating for the Australian Securities Exchange to "A+/A-1" from "AA-/A-1+", two weeks after a local regulator flagged governance and risk management failures at the stock exchange operator.
* Goldman's fixed-income, currencies and commodities division posted a 10% drop in Q1 revenue. * FICC division hit by slowdown in interest rate trading, mortgages and credit products. * JPMorgan (JPM), Citigroup (C) and Morgan Stanley (MS) posted strong FICC gains. By Saeed Azhar.
Fitch: * FITCH REVISES DOMINICAN REPUBLIC'S OUTLOOK TO STABLE; AFFIRMS IDR AT 'BB-' * FITCH: DOMINICAN REPUBLIC OUTLOOK REVISION REFLECTS GROWING HEADWINDS TO GROWTH, INFLATION, PUBLIC FINANCES & EXTERNAL ACCOUNTS FROM HIGHER OIL PRICES Source text: Further company coverage: [ ]
Brazilian meatpacker Minerva has raised $600 million with the issuance of dollar-denominated bonds that expire in 10 years, IFR reported on Wednesday. * The issuance of the senior unsecured notes was priced at a 7.50% coupon and a 7.625% yield, IFR said. * Minerva will use the proceeds from the sale to repay existing debt, according to IFR.
Alimentation Couche-Tard Inc (ANCTF) : * ALIMENTATION COUCHE-TARD PRICES PRIVATE OFFERING OF EURO DENOMINATED SENIOR UNSECURED NOTES. * Alimentation Couche-Tard Inc (ANCTF) - PRICES ?750 MILLION EURO SENIOR UNSECURED NOTES DUE 2033. * Alimentation Couche-Tard Inc (ANCTF): NOTES WILL CARRY A COUPON OF 3.901% PER ANNUM AND WILL BE SOLD AT PAR Source text: Further company coverage:
NRG Energy Inc (NRG): * NRG ENERGY, INC. ANNOUNCES PRICING OF SENIOR SECURED NOTES AND SENIOR UNSECURED NOTES. * NRG Energy Inc (NRG) - PRICES $500 MILLION OF 4.955% SENIOR SECURED NOTES DUE 2031. * NRG Energy Inc (NRG) - PRICES $1.05 BILLION OF 6.125% SENIOR UNSECURED NOTES DUE 2036. * NRG Energy Inc (NRG) - PRICES $1.05 BILLION OF 5.875% SENIOR UNSECURED NOTES DUE 2034 Source text: Further company coverage:
Fitch: * FITCH UPGRADES UBS GROUP TO 'A+'; OUTLOOK STABLE. * FITCH: UPGRADE REFLECTS FITCH'S VIEW THAT UBS'S EXECUTION RISK RELATED TO INTEGRATION OF CREDIT SUISSE HAS MATERIALLY DIMINISHED.
Global ratings agency Fitch on Monday affirmed Pakistan's foreign-currency credit rating at 'B-' with a stable outlook, citing progress on fiscal consolidation and improved foreign exchange reserves that have strengthened the country's economic buffers.
* MOODY'S RATINGS CHANGES GHANA'S OUTLOOK TO POSITIVE FROM STABLE; AFFIRMS CAA1 RATINGS. * MOODY'S: CHANGE IN GHANA'S OUTLOOK TO POSITIVE DRIVEN BY INCREASING LIKELIHOOD OF DURABLE IMPROVEMENT IN DOMESTIC FINANCING CONDITIONS. * MOODY'S: NOW EXPECT GHANA'S DEBT AFFORDABILITY TO REMAIN BROADLY STEADY.
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.
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.
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:
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:
Extendicare Inc (EXETF): * EXTENDICARE ANNOUNCES $450 MILLION INAUGURAL OFFERING OF INVESTMENT GRADE SENIOR UNSECURED NOTES. * Extendicare Inc (EXETF) - NET PROCEEDS TO REPAY TERM CREDIT FACILITY AND FOR GENERAL CORPORATE PURPOSES Source text: Further company coverage:
S&P: * S&P: COLOMBIA LONG-TERM FOREIGN CURRENCY RATING LOWERED TO 'BB-' FROM 'BB' DUE TO FISCAL IMBALANCES; OUTLOOK STABLE. * S&P: EXPECT COLOMBIA TO HAVE CONSISTENTLY LARGE FISCAL DEFICITS OVER NEXT FEW YEARS. * S&P: WE BASE STABLE OUTLOOK ON EXPECTATION THAT COLOMBIA GOVERNMENT WILL ONLY GRADUALLY LOWER ITS FISCAL DEFICIT WHILE SUSTAINING MODERATE GDP GROWTH.
S&P: * S&P: PHILIPPINES OUTLOOK REVISED TO STABLE ON EXTERNAL ADVERSITIES; 'BBB+' RATING AFFIRMED. * S&P: STABLE OUTLOOK ON EXPECTATION THAT PHILIPPINES WILL MAINTAIN HEALTHY ECONOMIC GROWTH & FISCAL DEFICIT WILL DECLINE OVER NEXT TWO YRS S&P: EXPECT ENERGY SHOCK FOR PHILIPPINES TO BE TEMPORARY.
Moody's Ratings cut its outlook on a $36-billion Blue Owl non-traded fund to "negative" from "stable" on Tuesday, citing redemption requests that were significantly higher than at peers in the first quarter.
Moody's Ratings on Tuesday cut its outlook on a $36 billion Blue Owl fund to negative from stable, citing redemption requests that were "significantly higher" than peers in the first quarter.
Ratings agency Moody's said on Tuesday that it had downgraded its outlook on one of Blue Owl's funds over significantly higher-than-peer redemption requests in the first quarter. Moody's cut its outlook on Blue Owl Credit Income Corp, a $36 billion fund, to negative from stable.
Fitch: * FITCH DOWNGRADES JETBLUE TO 'CCC+' FROM 'B-'; AFFIRMS AND DOWNGRADES CERTAIN EETC RATINGS. * FITCH - DOWNGRADE OF JETBLUE'S IDR REFLECTS CONTINUED OPERATING LOSSES, MORE PROLONGED PATH TO MARGIN RECOVERY. * FITCH - DOWNGRADE OF JETBLUE'S IDR REFLECTS SHARPLY HIGHER JET FUEL PRICES, AND PERSISTENTLY ELEVATED LEVERAGE.
Fitch: * FITCH PLACES QATARENERGY'S 'AA' RATING ON RATING WATCH NEGATIVE. * FITCH ON QATARENERGY: EXPECT QE CAN STILL MANAGE DAMAGE INCURRED IN SCENARIO OF TWO-MONTH CLOSURE OF STRAIT OF HORMUZ. * FITCH ON QATARENERGY: CO'S CREDIT PROFILE REMAINS BOLSTERED BY ITS VERY PRUDENT FINANCIAL PROFILE AND STRONG LIQUIDITY.
S&P Ratings: * S&P RATINGS: BP PLC OUTLOOK REVISED TO POSITIVE ON DELEVERAGING; 'A-/A-2' RATINGS AFFIRMED. * S&P ON BP: POSITIVE OUTLOOK REFLECTS POTENTIAL FOR AN UPGRADE IF FFO TO DEBT IS RESILIENTLY ABOVE 45% ON AVERAGE GIVEN BP'S INTEGRATED BUSINESS MODEL. * S&P: BP'S CREDIT METRICS LIKELY TO REMAIN WEAKER THAN THOSE OF HIGHER-RATED PEERS.
Moody's: * MOODY'S RATINGS CHANGES CAMBODIA'S OUTLOOK TO STABLE, AFFIRMS B2 RATING. * MOODY'S: CHANGE IN CAMBODIA'S OUTLOOK REFLECTS ASSESSMENT THAT KEY DOWNSIDE RISKS UNDERPINNING PREVIOUS NEGATIVE OUTLOOK ARE NOW LESS LIKELY. * MOODY'S: RISK OF SEVERE & PERSISTENT TARIFF SHOCK FROM US HAS DIMINISHED FOLLOWING REDUCTION OF US TARIFFS ON CAMBODIAN EXPORTS.
* FITCH RATINGS: PROLONGED IRAN WAR RAISES DEMAND RISKS FOR US CORPORATES. * FITCH: MOST NORTH AMERICAN CARRIERS HAVE NOT FULLY HEDGED THEIR FUEL EXPOSURE, LEAVING THEM VULNERABLE TO SUSTAINED PRICE INCREASES Source text:
S&P Global Ratings upgraded Bolivia's long-term sovereign credit rating to "CCC+" from "CCC-" on Monday, citing lower debt-service obligations. The ratings agency also raised its outlook on the country to stable from negative.
S&P: * S&P: HONDA MOTOR DOWNGRADED TO 'BBB+' ON EARNINGS DOWNTURN; OUTLOOK STABLE. * S&P: HONDA MOTOR'S PERFORMANCE WILL DETERIORATE SIGNIFICANTLY IN NEXT COUPLE OF YEARS ON EV-RELATED LOSSES AND TAKE TIME TO RECOVER.
Ratings agency Moody's on Wednesday upgraded Bolivia's issuer and senior unsecured ratings to Caa3 from Ca, citing reduced near-term default risks following a political leadership shift in late 2025. Moody's also lifted Bolivia's outlook to positive from stable.
Ratings agency S&P Global revised the outlook on Cliffwater LLC's flagship private credit fund to "negative" from "stable" on Wednesday, citing higher investor redemption requests.
S&P Global: * S&P: CLIFFWATER CORPORATE LENDING FUND 'A' RATING AFFIRMED; OUTLOOK REVISED TO NEGATIVE ON LARGE REDEMPTION PAYOUTS. * S&P: OUTLOOK REVISION REFLECTS THE CLIFFWATER CORPORATE LENDING FUND'S DECISION TO MEET REDEMPTION REQUESTS IN EXCESS OF THE 5% MINIMUM.
S&P: * S&P: IRAQ RATINGS PLACED ON CREDITWATCH NEGATIVE DUE TO REGIONAL CONFLICT-RELATED CUTS IN OIL PRODUCTION. * S&P: CREDITWATCH NEGATIVE REFLECTS RISK OF DOWNGRADE FOR IRAQ DUE TO SHARP FALL IN OIL PRODUCTION TIED TO INCREASED ESCALATION OF MIDDLE EAST CONFLICT. * S&P: PROLONGED DISRUPTION TO IRAQ'S OIL PRODUCTION WILL PRESSURE THE COUNTRY'S FISCAL AND EXTERNAL POSITION OVER 2026.
Novozymes A/S: * NOVONESIS ISSUES EUR 1.7 BILLION IN BONDS TO REFINANCE BRIDGE FACILITY. * NOVONESIS - BOND ISSUANCE TO REFINANCE BRIDGE FACILITY FOR FEED ENZYME ALLIANCE ACQUISITION Source text: Further company coverage:
Outlook Therapeutics Inc (OTLK): * OUTLOOK THERAPEUTICS ANNOUNCES NEW $18.4 MILLION NON-CONVERTIBLE NOTE FINANCING AND AMENDMENT TO EXISTING CONVERTIBLE NOTE. * Outlook Therapeutics Inc (OTLK) - EXTENDS MATURITY DATE OF EXISTING CONVERTIBLE NOTE TO DECEMBER 31, 2026. * Outlook Therapeutics Inc (OTLK) - LENDER CONFIRMS EXISTING NOTE IS NOT IN DEFAULT.
S&P: * S&P: RATINGS ON SAUDI ARABIA AFFIRMED AT 'A+/A-1'; OUTLOOK STABLE. * S&P: STABLE OUTLOOK REFLECTS VIEW THAT SAUDI ARABIA WILL BE ABLE TO WEATHER THE ONGOING REGIONAL CONFLICT. * S&P: CURRENT BASE CASE IS THAT MAIN THREATS TO SAUDI ARABIA WILL BEGIN TO FADE BY END OF MARCH AS TENSIONS IN REGION BEGIN TO FALL.
Embattled Chinese property developer Fantasia on Friday unveiled detailed terms of its offshore debt restructuring, including plans to issue new equity, convertible bonds and long-dated secured notes. Fantasia is attempting to restructure about $4.66 billion of its offshore debt, through new shares, mandatory convertible bonds and about $1.44 billion in new secured notes to settle creditor claims.
Swiss private equity firm Partners Group Chair Steffen Meister has warned that default rates in private credit could double over the next few years, as lenders may bear the full downside of AI-driven economic disruption, while seeing only limited upside, the Financial Times reported on Thursday.
Fitch: * FITCH RATINGS RAISES ITS NEAR-TERM OIL AND GAS PRICE ASSUMPTIONS. * FITCH ON OIL & GAS PRICE: SEE CURRENT SPIKE IN PRICES TO BE FOLLOWED BY DROP TO LEVELS DRIVEN BY MARKET FUNDAMENTALS ONCE STRAIT OF HORMUZ REOPENS Source text:
California Resources Corp (CRC): * CALIFORNIA RESOURCES CORPORATION ANNOUNCES PRIVATE OFFERING OF ADDITIONAL 7.000% SENIOR UNSECURED NOTES DUE 2034. * California Resources Corp (CRC) - TO OFFER $250 MILLION OF 7.000% SENIOR UNSECURED NOTES DUE 2034. * California Resources Corp (CRC) - NOTES OFFERED AS ADDITIONAL TO $400 MILLION OF 7.000% SENIOR NOTES ISSUED OCT 8, 2025 Source text: Further company coverage:
Stellantis (STLA) said on Wednesday it has priced a multi-tranche 5 billion euro equivalent hybrid bond offering, tapping capital markets weeks after it announced multi-billion charges in a major reset of its electric vehicle strategy.
Stellantis (STLA) said on Wednesday it has priced a multi-tranche 5 billion euro equivalent hybrid bond offering, tapping capital markets weeks after it announced multi-billion charges in a major reset of its electric vehicle strategy.
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.
Log In Required
Publication Date