AM Best has downgraded the Financial Strength Rating to C++ from B- and the Long-Term Issuer Credit Rating to ?b+? from ?bb-? of Southern General Insurance Company. The ratings reflect SGIC?s balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of National Security Insurance Company.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the life/health insurance subsidiaries of Manulife Financial Corporation (MFC) [NYSE: MFC]. Concurrently, AM Best has affirmed the Long-Term ICR of ?a-? and the Long-Term Issue Credit Ratings of MFC.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of EMC National Life Company. The ratings reflect EMCNL?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the core Blue Cross Blue Shield-branded insurance subsidiaries of Elevance Health, Inc. (ELV) [NYSE: ELV], as well as most of its non-Blue-branded subsidiaries.
AM Best has affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa-? and the Mexico National Scale Rating of ?aaa.MX? of HDI Global Seguros, S.A.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Hannover R?ck SE and its main subsidiaries. The ratings reflect Hannover Re?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of HDI Haftpflichtverband der Deutschen Industrie V.a.G. and its rated insurance subsidiaries.
PennyMac Mortgage Investment Trust (PMT) today announced that its indirect wholly-owned subsidiary, PennyMac Corp., has priced an offering of $75 million aggregate principal amount of its 8.500% Exchangeable Senior Notes due 2029 to certain investors in a direct placement registered under the Securities Act of 1933, as amended.
WSFS Financial Corporation (WSFS), the parent company of WSFS Bank, today announced that it has completed the public offering of $200 million aggregate principal amount of its 5.375% Fixed-to-Floating Rate Senior Unsecured Notes due 2035.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Pacific Life Insurance Company and Pacific Life & Annuity Company. The ratings reflect Pacific Life Group?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Great American Insurance Company and its pooling affiliates, collectively referred to as Great American Insurance Companies. At the same time, AM Best has affirmed the FSR of A+ and the Long-Term ICRs of ?aa-? of the property/casualty members of the Great American Contemporary Pool.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Assicurazioni Generali S.p.A. and its main rated subsidiaries. The ratings reflect Generali?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, very favourable business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-? and the Mexico National Scale Rating of ?aaa.MX? of General de Salud, Compa??a de Seguros, S.A.. The outlook of these Credit Ratings is negative.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-? and the Mexico National Scale Rating of ?aaa.MX? of General de Seguros, S.A.. The outlook of these Credit Ratings is stable.
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 Sapphire Reinsurance Company.
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to Sky Reinsurance Ltd.. The outlook assigned to these Credit Ratings is stable. The ratings reflect Sky Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Rockford Mutual Insurance Company. The Credit Ratings reflect RMIC?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Tune Protect Re Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect TPR?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
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 The New India Assurance Company Limited.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Arabia Insurance Company s.a.l.. The Credit Ratings reflect AIC?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Banks Celebrate Decades-Long Relationship with Multicity Event. The Federal Home Loan Bank of Dallas and Red River Bank are celebrating a milestone: $12 million in FHLB Dallas grants delivered over 25 years to support affordable housing, disaster recovery and economic development in communities across Louisiana. This press release features multimedia.
FHLB Dallas Pathway Fund Helps Organizations Prevent or Remediate Property Title Issues. The Federal Home Loan Bank of Dallas has awarded more than $4.3 million in Pathway Fund grants to assist 42 organizations with preventing or remediating heirs? property issues, such as resolving issues with a property title or establishing a will.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Casualty & General Insurance Company Limited.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the $70 million, 9% surplus notes, due December 2045, issued by Maine Employers? Mutual Insurance Company. The surplus notes issuance is intended to strengthen the balance sheet and support MEMIC?s acquisition of the Dakota Group, which is expected to close in January 2026, pending regulatory approval.
?. ISIN Code. Our Ref. ISSUE NAME. Santander UK PLC. Issue of GBP 1,000,000,000.00. Floating Rate Covered Bonds due September 2029. Series No 89 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. GBP 11,138,649.32. POOL FACTOR.
?. ISIN Code. Our Ref. ISSUE NAME. Santander UK PLC. Issue of GBP 1,100,000,000.00. Floating Rate Covered Bonds due June 2028. Series 81 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. GBP 12,307,363.56. POOL FACTOR.
WSFS Financial Corporation (WSFS), the parent company of WSFS Bank, today announced the pricing of its underwritten public offering of $200 million aggregate principal amount of its Fixed-to-Floating Rate Senior Unsecured Notes due 2035.
Constellation Energy Generation, LLC, a Pennsylvania limited liability company, announced today that it has commenced private offers to exchange any and all of the outstanding 4.625% Senior Unsecured Notes due 2029, 5.000% Senior Unsecured Notes due 2031 and 3.750% Senior Secured Notes of Calpine Corporation, a Delaware corporation, for, to the extent held by eligible noteholders, newly issued ...
Fifth Third Bancorp (FITB) today announced a strategic acquisition that will enhance its ability to finance multifamily housing across the United States.
Mechanics Bancorp (MCHB) announced today that its subsidiary Mechanics Bank has entered into a definitive agreement to sell its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bancorp (FITB) in an all-cash transaction.
KBRA assigns a short-term rating of K1+ to Cobb County School District, Georgia's Short-Term Construction Notes, Series 2026, due December 15, 2026. Additionally, KBRA affirms the short-term rating of K1+ on the District's Short-Term Construction Notes, Series 2025 due December 15, 2025, and the long-term rating of AAA with a Stable Outlook for the District's Implied General Obligation Credit.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-?. Concurrently, AM Best has affirmed the Indonesia National Scale Rating of aaa.ID of PT Asuransi Tugu Pratama Indonesia Tbk with a stable outlook.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Provident Insurance Corporation Limited. The ratings reflect PICL?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Community First? Housing Counseling Resource Program partners with WHEDA to enhance statewide housing counseling availability The Federal Home Loan Bank of Chicago has awarded $2.5 million to the Wisconsin Housing and Economic Development Authority for 2025 through its Community First? Housing Counseling Resource Program. This press release features multimedia.
CoreWeave, Inc. (CRWV) announced today the pricing of its private offering of $2.25 billion aggregate principal amount of its 1.75% convertible senior notes due 2031.
KBRA is pleased to announce the assignment of preliminary ratings to three classes of FREMF Series 2025-K763 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-763. The underlying transaction is collateralized by 27 fixed-rate multifamily mortgage loans.
December 9 Federal Reserve Meeting Could be Key Milestone, NECP Notes With the recent stalemate in Congress that led to a government shutdown, it is ever important for business owners to assess current economic and geopolitical influences that may impact their operations and cash flow. ?We are all aware of how quickly the supply chain could be interrupted by circumstances globally.
o9, a leading enterprise AI software platform provider for transforming planning and decision-making, today announced that it has joined the World Economic Forum's Associate Partner program, further expanding its collaboration with the international institution for public-private cooperation.
CoreWeave, Inc. (CRWV) today announced its intention to offer, subject to market and other conditions, $2 billion aggregate principal amount of its convertible senior notes due 2031 in a private offering.
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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