AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of East Caribbean Reinsurance Company Limited. The ratings reflect ECRC?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 assigned a Long-Term Issue Credit Rating of ?aa? to the recently announced $1.25 billion, 6.05% surplus notes, due 2056, issued by The Northwestern Mutual Life Insurance Company. The proceeds from the surplus notes offering will be used for general corporate purposes. This press release relates to Credit Ratings that have been published on AM Best?s website.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Middle East Insurance Company Plc. The ratings reflect MEICO?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 affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of ?a-? of Austral Resseguradora S.A. and Austral Seguradora S.A. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb-? of Austral Participa??es 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 Mitsui Sumitomo Insurance Company, Limited and its subsidiaries. Lastly, AM Best has assigned an FSR of A+ and a Long-Term ICR of ?aa? to MSIG Specialty Insurance America, Inc. The outlook assigned to this rating is stable.
KBRA releases the May 2026 issue of CMBS Trend Watch. Private label commercial mortgage-backed securities continued its steady issuance pace in May, with 16 deals closing, compared to 17 in April. The forward issuance pipeline across both CMBS and CRE CLOs remains busy as the market heads into its midyear CREFC conference in New York City next week.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Victoria Insurance Company JSC. The ratings reflect Victoria?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and weak enterprise risk management.
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Korea P&I Club.
Member Banks Can Use VantageScore 4.0 to Originate Loans for 4 Million New, Creditworthy Borrowers Members of the Federal Home Loan Bank of Des Moines can now pledge mortgage collateral using VantageScore 4.0 credit scores, effective immediately. This press release features multimedia. ?The mortgage industry has rapidly transitioned to the VantageScore 4.0 credit score.
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 Aseguradora General, S.A.. The Credit Ratings reflect AGen?s balance sheet strength, which AM Best assesses as strongest, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management.
Almonty Industries Inc. (ALM) today announced the pricing of its oversubscribed offering of US$700,000,000 aggregate principal amount of 2.25% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Essential Properties Realty Trust, Inc. (EPRT) announced today that its operating partnership, Essential Properties, L.P., has priced a public offering of $400 million aggregate principal amount of 5.375% Senior Notes due 2036.
Almonty Industries Inc. (ALM) today announced its intention to offer, subject to market and other conditions, $700,000,000 aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of One Alliance Insurance Corporation. The ratings reflect One Alliance?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.
Findings reveal business travel supports 6.7 million U.S. jobs and accounts for 2.1% of GDP, underscoring its role as a critical driver of economic growth nationwide Business travel within and to the United States continues to be a major engine powering the nation?s economy and growth, generating $623.8 billion in total gross domestic product impact as related travel spending reached $538.5 ...
AM Best has assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of ?bb+? to Insurance Company Alatau City Garant JSC. The ratings reflect Alatau?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
As homeownership slips further out of reach, Better and Coinbase show a new path is possible for qualified buyers to secure a mortgage using Bitcoin as collateral Better Home & Finance Holding Company (BETR), and Coinbase, today announced the funding of the first Fannie Mae-backed mortgage backed by Bitcoin in the United States. This press release features multimedia.
B&G Foods, Inc. (BGS) announced today the pricing of an offering of $475.0 million aggregate principal amount of 11.00% senior notes due 2031 in a transaction exempt from registration under the Securities Act of 1933, as amended. B&G Foods (BGS) estimates that the net proceeds from the offering will be approximately $456.3 million after deducting discounts, fees and expenses related to the offering.
Not for Distribution to United States Newswire Services or for Dissemination in the United States. CES Energy Solutions Corp. (CESDF) announced today that it has entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement, $300.0 million aggregate principal amount of its 5.625% senior unsecured notes due June 15, 2033.
QXO, Inc. (QXO) announced today that its wholly owned subsidiary, QXO Building Products, Inc., has priced its offering of $1.5 billion of 6.500% Senior Notes due 2031 and $1.5 billion of 6.875% Senior Notes due 2034 at par.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?a-? and affirmed the Long-Term Issue Credit Ratings on the unsecured debt and preferred equity of Fairfax Financial Holdings Limited (FRFHF) [TSX: FFH]. In addition, AM Best has affirmed the Long-Term ICRs of ?a-? of Fairfax Inc. and Zenith National Insurance Corp., both of which are indirectly, wholly owned downstream holding companies of Fai...
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0500 per share of common stock, payable on July 1, 2026 to shareholders of record at the close of business on June 16, 2026. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Twenty Scholarships Worth Up to $200,000 Will be Awarded to Students Pursuing Advanced Degrees Through The Bridging the Dream Scholarship for Graduate Students The Sallie Mae Fund Also Offering Scholarships to Help Undergraduate Students Complete Their Education Through its Completing the Dream Scholarship Program NEWARK, Del.
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Farmers Fire Insurance Company.
Home price growth continues slow and steady year-over-year growth in April 2026. IRVINE, Calif. This press release features multimedia. ?Market strength suggests that some buyers remain insulated from mortgage-rate volatility and are supported by substantial home equity and stock market gains,? said Cotality Chief Economist Dr. Selma Hepp.
KBRA assigns a rating of BBB- with a Positive Outlook to the $400 million senior unsecured notes issued by Clear Street Holdings LLC due May 31, 2031. Key Credit Considerations Support for the rating is anchored by the experienced management team that includes risk management, prime brokerage, and financial and treasury management personnel with specialized capital markets experience.
ICL Group Ltd. (ICL) hereby announces that it has commenced an offering of new unsecured senior notes, the amount and terms of which have yet to be determined. If the Offering is completed, the Notes that are issued will be rated.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Republic Insurance Company Limited. The ratings reflect Republic Insurance?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
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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